Nikkei Falls for First Time in Four Days
Japan's Nikkei share average fell on Friday for the first time in four days ahead of U.S. jobs data, though Sony Corp (6758.T) soared as investors hoped a new CEO would turn things around after it forecast a $2.9 billion annual loss.
Sunken Wreck Holds $3B in Platinum ... Maybe
A Maine seafarer said he had found the wreck of a World War II merchant ship off the Massachusetts coast, sunk while carrying a cargo of the precious metal platinum valued today at nearly $3 billion, an unprecedented find that has raised some doubts.
Gold Prices Rise as Euro Gains Offset Crude Oil Losses
Gold prices climbed Friday, their 21st daily increase in the last 24 trading sessions, toward a two-month high as support from a weaker dollar offset falling crude oil prices.
Electronics Giant, Sony, Warns of Yearly Loss
Ailing Japanese electronics giant Sony Corp warned it was heading for a bigger-than-expected $2.9 billion annual loss, presenting a daunting task for incoming CEO Kazuo Hirai, who vowed to move quickly to turn things around.
European Stocks Level off after Hitting Six-Month High
European shares steadied after hitting a six-month high on Thursday as strong gains in miners on merger talks between Xstrata (XTA.L) and Glencore (GLEN.L) were offset by a sell-off in defensives, with Unilever (ULVR.L) down on poor outlook.
Dow, S&P 500 Rise on Strong Consumer Confidence
The Dow and S&P 500 advanced for a second day on Tuesday as stronger-than-expected consumer confidence data and hopes for further progress on a solution to Europe's fiscal mess bolstered sentiment.
Gold Demand in India up on Stronger Rupee
Gold demand in India, the world's buyer of bullion, edged up as a stronger rupee made the dollar-quoted yellow metal cheaper.
Anglo American Platinum to Invest $325M in South African Mine
Anglo American Platinum, the world's largest producer of the precious metal, has agreed to help boost production at Anooraq Resources' Bokoni Platinum Mine through a new 2.6 billion rand ($325 million) capital development programme.
Merck's 4Q Tops Expectations, R&D Costs Down
Merck & Co (MRK.N) on Thursday reported better-than-expected fourth-quarterearnings, helped by a decrease in research spending, and predicted relatively flat 2012 results as the No. 2 U.S. drugmaker girds for cheaper generic forms of its biggest product, asthma drug Singulair.
Xstrata, Glencore Talk Merger, Combination Would be Worth $79B
Mining group Xstrata and commodities trader Glencore are in talks about an all-share deal that could create a combined group worth more than 50 billion pounds ($79 billion).
Gold Prices Edge Higher Amid Upbeat Economic Signs
Gold prices Thursday extended last month's rally after positive manufacturing from China to the Europe to the U.S. and Greece appeared close to a settlement with its creditors.
Russian Gold Miners Produced 209 Metric Tons Last Year
Russian firms produced 209.0 tonnes of gold in 2011, 3.6 percent more than in 2010, but below an earlier forecast, data published on Wednesday by the Gold Industrialists' Union industry lobby showed.
Italy's Biggest Scrap Gold Buyer Sees Bright '12
OroCash, Italy's biggest buyer of used gold jewelry, expects business to flourish this year with the opening of 150 new collection points in Italyand abroad as high gold prices and unfolding economic crisis prompt people to sell family assets.
Gold Prices Rise on Weak Dollar, Strong Manufacturing Data
Gold rose on Wednesday as the dollar slipped against the euro and on strong global manufacturing data, while analysts said profit taking could pressure the precious metal after its biggest January gain in 32 years.
Gold Just under Next Level of Price Resistance, Hovering in Tight Range
Gold prices rose Wednesday, at one point topping the $1,750 mark, but generally stayed within a narrow range in the absence of any single dominant factor.
Gold Prices in Tight Range, January Gains Hearten Investors
Gold prices were on course for their biggest monthly rise since August on Tuesday, boosted by economic unease in Europe and the United States and raising the possibility of a climb toward last year's record high of just over $1,900 per ounce.
U.S. Stocks Weighed by Economic Data, Earnings
Stocks gave up early gains to turn flat on Tuesday, weighed down by mixed corporate earnings and weaker-than-expected data on Midwest business activity and consumer confidence.
U.S. Silver Expects to Produce 2.4M Ounces of Silver in '12
U.S. Silver Corp. said Tuesday it expects to produce about 2.4 million ounces of silver this year, with byproduct production of lead to be approximately 6.5 million pounds and copper to be some 1.2 million pounds.
Greenpeace Storms Romanian Govt Office to Protest Gold Mine
Greenpeace activists stormed Romania's Environment Ministry on Tuesday, chaining themselves to radiators in the minister's office in an attempt to stop approval for Europe's biggest open-cast gold mine in a small Carpathian town.
Toshiba's 4Q Plunges, Outlook Slashed
Toshiba Corp., Japan's biggest chip maker, booked a 72 percent fall in quarterly operating profit on Tuesday and slashed its annual profit forecast as a strong yen and the Eurozone debt crisis hit profits.
Hang Seng on Mark to Book Best Jan. Since 1996
Hong Kong shares rose on Tuesday with the Hang Seng Index streaking to its best January since 1996, but further upside is expected to be capped going into earnings season after several profit warnings from mainland companies.
Nikkei Ends Flat, but Has Best January in 13 Years
Japan's Nikkei share average ended nearly flat on Tuesday, but logged its best January performance in 13 years as investors remained optimistic that the U.S. economic recovery could offset disappointing domestic corporate earnings.
U.S. Stock Index Futures Point to Higher Open
Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500, the Dow Jones and Nasdaq 100 indexes up 0.5-0.6 percent.
Gold Prices Headed for Strongest January in Three Years
Gold prices, headed for their strongest January in three years, rose Tuesday as fears of a Greek sovereign debt default receded, the dollar weakened and crude oil and copper prices increased.
Pep Boys to be Sold for $1B to Gores Group
Automotive aftermarket retailer Pep Boys - Manny, Moe & Jack (NYSE:PBY) said Monday it will be purchased by The Gores Group, a U.S. investment firm, for $1 billion.
U.S. Stocks Down on Stalled Greek Debt Talks
Stocks fell on Monday after Greece's efforts to reach a debt restructuring with creditors stalled, hampering European leaders' push to shift the market's focus to jobs and growth.
China Loses Appeal at WTO of Export Restrictions
China lost an appeal at the World Trade Organization on Monday in a case about its export restrictions on raw materials, a ruling that could make it harder for major commodity exporters to withhold supplies on the global market.
FTSE Close Lower as Bank Shares Lead Retreat
Weakness in banks and commodity stocks dragged Britain's leading share index lower on Monday as the protracted search for a Greek bond deal and concerns about economic growth kept investors nervous.
Gold Resources Produced 66,125 Ounces of Gold Equivalent in '11
Denver-based Gold Resource Corp. said Monday it produced about 66,125 ounces precious metal gold equivalent last year, of which about 19,900 ounces were produced in the fourth quarter.
Gold Eases as Euro Declines, but Investor Demand Remains
Gold eased on Monday, under pressure from a weaker euro, but was off session lows and still within sight of last week's seven-week highs, supported by evidence of improved investor demand.
