Bank of America's 4Q Reverses Year-Earlier Loss
Bank of America Corp reported a fourth-quarter profit, reversing a year-earlier loss, boosted by one-time items and lower expenses for bad loans.
Japan's Nikkei Climbs to Five-Week High
Japan's Nikkei average hit a five-week closing high on Thursday, soaring past its 75-day moving average as the euro climbed on news that the International Monetary Fund is seeking to bolster its funds to stem the euro zone sovereign debt crisis.
World Stocks Rise to Highest Level in Two Months
World stocks rose to their highest in over two months on Thursday as risk appetite improved on hopes Greece will reach an agreement with its creditors and the International Monetary Fund will boost resources to tackle the euro zone debt crisis.
Eastman Kodak Files for Bankruptcy, Gets $950M Credit Line
Eastman Kodak Co, which invented the hand-held camera and helped bring the world the first pictures from the moon, has filed for bankruptcy protection, capping a prolonged plunge for one of America's best-known companies.
U.S. Stocks Reach Highest Level Since July
Stocks jumped to their highest since July on Wednesday as the International Monetary Fund sought to help countries hit by the European debt crisis, while forecast-beating earnings from Goldman Sachs dispelled some worries over bank profits.
Rio Tinto Hails End of Ivanhoe's 'Poison Pill'
Miner Rio Tinto, which owns a 49 percent stake in Ivanhoe Mines, welcomed a decision by the owner of the massive Oyu Tolgoi copper mine to scrap a poison pill provision, and said it was now free to raise its holding.
Fresnillo Beats Annual Output Target, Outlook Strong
Mexican precious metals miner Fresnillo beat its annual output target and said it expected stable silver production in 2012, as a boost from new mines offsets lower ore grades at its flagship operation.
Nord Gold's 4Q Output up 14% Sequentially
Russian steelmaker Severstal's Nord Gold mining unit said it produced 204,000 gold equivalent ounces in the fourth quarter, up 14 percent on Q3.
Nikkei Climbs to Two-Week High
Japan's Nikkei average rose to its highest closing level in nearly two weeks on Wednesday with traders citing a boost from large programme trade in the afternoon, while electrical wire companies were the small-cap favorite of the day.
Hong Kong Stocks End Day Higher
Hong Kong shares held firm on Wednesday supported by short-covering and gains by insurers, even as markets in Shanghai gave up some of the previous session's strong gains as investors turned cautious ahead of the week-long Lunar New Year holiday.
Gold Prices Struggle to Hold Week's Gains
Gold struggled Wednesday to hold recent gains as growing concerns of an imminent Greek default offset hope that Chinese authorities will act to reverse the slowdown of the world's second-biggest economy.
European Shares Hit 5 1/2-Month High
European shares hit a 5-1/2-month high on Tuesday before closing above a key resistance level, boosted by automobile and mining stocks after Chinese economic data raised hopes the country would further ease its monetary policy to stimulate growth.
NY Manufacturing's Growth Rate Rose in Jan - Fed
A gauge of manufacturing in New York State showed growth picked up in January, rising to the highest level in nine months as new orders and employment improved, the New York Federal Reserve said in a report on Tuesday.
Palladium Production at Quebec Mine Halted as Unprofitable
Canada's North American Palladium Ltd said it would stop production at its Sleeping Giant gold mine in Quebec, resulting in the layoff of about 90 employees and a non-cash impairment charge on gold assets of about C$50 million.
Prokhoroz Sees Nod for Gold Listing
Billionaire Mikhail Prokhorov, challenging Vladimir Putin for the Russian presidency, sees no risk to his vast business interests from his foray into politics and expects to list his gold business in London soon.
Goldplat Pours First Bar of Gold in Kenya
Africa-focused gold producer Goldplat has poured the first bar of gold from its Kilimapesa mine in Kenya, marking the beginning of production in the east African country's first gold project, the company said on Tuesday.
Mercator Minerals Gets Permit for El Pilar Project
Mercator Minerals Ltd said it has obtained permits to start mining at its wholly owned El Pilar Project in Mexico.
Chinese Stock Markets Surge 4.2 Percent
China shares on Tuesday surged 4.2 percent, their biggest one-day gain in more than 27 months, after Beijing reported that the world's second-largest economy grew faster than expected in the last quarter of 2011, although at its weakest pace in 2-1/2 years.
Japan's Nikkei Closes Higher
Japan's Nikkei average edged higher on Tuesday and recovered its footing after better-than-expected Chinese economic data and solid demand at a French treasury bill auction reassured investors in the wake of European debt downgrades.
Gold Prices Surge Nearly 2% After China's 4Q GDP Report
Gold prices jumped Tuesday after China reported fourth-quarter gross domestic product grew more than expected.
European Stocks Struggle, Then Close Modestly Higher
European shares and the euro gradually recovered on Monday from early losses triggered by the mass downgrade of euro zone sovereign ratings last week, but they still looked vulnerable amid rising fears of a disorderly Greek debt default.
Gold Miners Expect Rising Prices, Most Expect around $2,000
Gold miners expect the price of the metal to continue climbing in 2012, with most respondents expecting a peak around $2,000 an ounce, according to a survey of gold companies by consultants PwC.
Straits Resources, Argonaut Lose Gold Exploration Appeal
Mining and exploration company Straits Resources and its partner Argonaut have lost a court appeal to explore an area in South Australia that they believe holds huge copper and gold resources, the companies said on Monday.
Iamgold Reports 4Q Gold Production Down
Iamgold Corp said on Monday its quarterly gold production fell 20 percent, but flagged a near doubling in capital spending for 2012.
Carnival Shares Run Aground, Industry Weighs Costs of Accident
The cruise ship industry faces an uphill task to restore confidence among customers spooked by spectacular images of the stricken Costa Concordia flipped on its side and could suffer a major hit to sales in a key booking period.
Nord Gold to be Listed in London - Severstal
Russian steelmaker Severstal said on Monday that a planned London listing of its Nord Gold mining unit would proceed after investors representing 10.6 percent of the share capital in the business participated in a share swap.
Sanyo's Chinese Workers, Police Clash at Plant
Thousands of Chinese workers protesting over compensation and job security at a Sanyo Electric Co Ltd plant clashed with police in southern Shenzhen, media said on Monday, the latest outbreak of labor unrest in China's manufacturing hub.
Gold Prices Firm above 200-Day Moving Average
Gold firmed in Europe on Monday, rising back above $1,640 an ounce, as a recovery in stock markets and the euro took some downward pressure off prices, with traders digesting last week's mass downgrade of euro zone countries from Standard & Poor's.
Eurozone Bank Shares Down, Single Currency Pressured
Euro zone bank shares fell but stocks seen as resilient to an economic slowdown gained on Monday in the wake of Standard and Poor's mass downgrade of euro zone sovereign ratings, while the euro hovered near 17-month lows against the dollar.
Japan's Nikkei Falls to 1-Month Low
Japan's Nikkei average fell to a one-month closing low on Monday after downgrades of nine European countries, including a cut in France's triple-A rating, escalated fears over the region's ability to end its debt crisis.
