Obama to Name World Bank Head as Zoellick's Term Ends
President Obama is expected to appoint a replacement soon for out-going World Bank President Robert Zoellick, who is leaving after the administration decided not to reappoint him to a second five-year term.
Greece's Top Refiner Expects to Replace Iranian Crude Oil
Top Greek refiner Hellenic Petroleum said on Wednesday it had not been informed of a cut in Iranian oil exports toGreece but that it was confident of finding alternative sources of fuel if needed.
Eurozone Economy Shrunk at End '11 -- Eurostate
The euro zone economy's shrunk at the end of 2011 as the sovereign debt crisis crushed a recovery and looked set to push the bloc into mild recession, but a north-south divide was evident as France grew while Italy slumped.
Comcast 4Q Beats Street Expectations
Comcast Corp (CMCSA.O) on Wednesday posted a better-than-expected rise in quarterly profit driven by strong video and Internet subscriber additions, though it was hindered by weak performances at its NBC Universal broadcast and movie units.
Kellogg Buying Pringles from Procter & Gamble for $2.7 Billion
Kellogg Co. said on Wednesday it will buy the Pringles business from Procter & Gamble Co for $2.7 billion in cash, as it aims to build its position in the global snacks market comparable to its strength in the cereal business.
AngloGold Ashanti 4Q Down, Safety Stoppages Cited
AngloGold Ashanti, the world's third-largest gold producer, became the latest South African miner to report a surge in output-disrupting safety stops on Wednesday as it unveiled a sharp fall in fourth-quarter earnings.
Gold Rises with Euro, Supportive Chinese Comments
Gold gained half a percent on Wednesday, on course for its biggest one-day rise in a week, on hopes Greece would deliver on a commitment to implement tough austerity measures and on China's pledge to keep investing in euro zone government debt.
Gold Falls as Dollar Rallies, Euro Declines
Gold dropped on Tuesday as the dollar rallied versus the euro onrenewed fears of credit downgrades in major European economies and uncertainty over Greece's bailout.
DRDGold's Quarterly Earnings Soar 65%
DRDGold, South Africa's fourth-largest gold producer, said on Tuesday that second-quarter earnings climbed 65 percent as it continued to cash in on the higher gold price.
Yuan-Denominated Gold ETF, World's First, Has Weak Debut
The world's first yuan-denominated gold exchange-traded fund (ETF) made a weak debut on the Hong Kong stock exchange on Tuesday, but analysts said demand would likely pick up as investors became more familiar with the product.
Yen Down against Dollar after Bank of Japan Easing
The yen fell on Tuesday as the Bank ofJapan eased monetary policy by expanding its asset-buying scheme, but the impact on the currency may prove short-lived while nagging worries over the euro zone crisis keep it supported as a safe haven.
Euro Rising on German Economic Data
The euro rose to a session high and shares reversed early losses after key German data bolstered hopes that Europe's largest economy was recovering and a strong Italian bond sale added to signs that financing pressures were being contained.
Gold Prices Slip on Moody's Downgrades of France, U.K.
Gold prices followed crude oil and global stocks lower Tuesday after ratings firms cut the credit ratings of several European nations and banks and warned that more reductions were likely.
Indian Gold Traders Stay on Sidelines
Gold traders in India, the world's biggest buyer, stayed on the sidelines as a rebound in the rupee raised hopes of prices dropping further after the yellow metal extended losses for the third day in a row, analysts said.
Gold Prices Slightly Higher, Platinum at 3-Month High
Gold prices climbed on Monday as news that Greece's parliament had approved an austerity bill needed to release a second round of bailout funds lifted the euro, while platinum rose back towards a three-month high as supply issues flared up.
Avion Gold's Tabakoto Mine Begins Production
Avion Gold Corp said production has started at its newly developed underground mine at the Tabakoto gold deposit in Mali, West Africa.
Barrick Gold to Sell Stake in Russia's Highland Gold
Canada's Barrick Gold, the world's largest gold producer, plans to sell its 20 percent stake in Russia's Highland Gold, pulling out of one of the world's most promising - but also toughest - gold frontiers.
Gold Prices Rise after Greece OKs Austerity Plan
Gold prices rose Monday after Greek lawmakers accepted terms of a deeply unpopular austerity plan that Eurozone leaders demanded as the price for financially rescuing the debt-choked nation.
Greeks Approve Austerity Plan, Central Athens in Flames
Greek lawmakers late Sunday accepted terms of a deeply unpopular austerity plan that Eurozone leaders demanded as the price for financially rescuing the debt-choked nation.
Gold Falls Along with Euro, U.S. Equities
Gold fell on Friday, following losses in the euro and U.S. equities,as uncertainty over negotiations for a bailout package for Greece prompted investors to sell the metal and hoard cash.
Obama's Proposed Fiscal 2013 Budget Has $901B Deficit
The fiscal 2013 budget President Barack Obama will present to Congress on Monday will include hundreds of billions in infrastructure spending and a projected deficit of $901 billion, or about 5.5 percent of the nation's gross domestic product.
Bernanke Urges Creditors to Rent Properties, Not Try to Sell Them
The head of the U.S. central bank, in his second public statement on housing policy in as many weeks, told an audience of residential builders Friday that creditors who own vacant homes should consider renting the properties as a way to stanch urban blight.
SA's Pres Nixes Mine Nationalization
President Jacob Zuma squashed more than two years of talk on Friday about the nationalisation of South Africa's massive mining sector, saying state control or ownership of the mines in the world's biggest platinum producer could not work.
Claude Resources 4Q Output down 15%
Precious metals miner Claude Resources Inc said it produced about 15 percent lesser gold in the fourth quarter, hurt by lesser production from its Santoy 8 mine in Saskatchewan.
Indonesia to Ban Exports of Unprocessed Metals by '14 - Report
Indonesia will ban exports of some unprocessed metals from 2014 and could revoke the export licences of firms that violate the ban, the energy ministry said in a regulation that was posted on its website on Friday but later disappeared.
OceanaGold Signs Off-take Deal for Didipio Output
Australian miner OceanaGold expects to sign an off-take agreement in six months with a trading firm for gold and copper from its flagship $350-million Didipio mine in northern Philippines, set to begin production at the end of 2012, a top company official said on Friday.
Polyus Gold, Polymetal Merger Not Imminent - Report
A merger between Russian Presidential hopeful Mikhail Prokhorov's Polyus Gold and rival Polymetal is not imminent after recent talks between core shareholders broke down, sources close to both firms told Russia's Vedomosti.
Newcrest Mining Books Record Six-Month Profit
Newcrest Mining Ltd., Australia's largest gold and copper mining company, said Friday profits in the second half of last year shot up 50 percent to a record level on sharply higher gold and copper prices.
Gold Prices Fall after Greek Deal Appears Dead
Gold prices fell back Friday, just hours after an apparent deal between debt-choked Greece and potential Eurozone lenders reinvigorated hopes the nation would not be forced to default on its loans.
Negotiations in Europe, U.S. Lift Markets
Negotiations on both sides of the Atlantic Ocean, between Greece and its lenders and between big U.S. banks and the federal government, boosted the willingness of investors Thursday to move into risk assets, many of which posted gains.
