Eurozone Leaders Vow to Work Faster to Fix Crisis
European leaders promised on Saturday to speed up plans to strengthen spending rules and get a permanent bailout fund up and running as soon as possible, a day after U.S. agency S&P cut the ratings of several euro zone countries' creditworthiness.
Lions Gate Entertainment Pays $412.5M for Summit Entertainment
Lions Gate Entertainment Corp said it bought private movie studio Summit Entertainment, producer of the blockbuster Twilight vampire series, for $412.5 million in cash and stock.
JPMorgan Chase May Lose $5B - Report
JPMorgan Chase & Co could lose up to $5 billion from its exposure to Portugal, Ireland, Italy, Greece and Spain, Chief Executive Jamie Dimon said in an interview with Class CNBC, carried in Italian newspaper Milano Finanza on Saturday.
U.S. Stocks Close Lower, Snap Four-Day Winning Streak
Stocks dropped on Friday, snapping a four-day winning streak, after news reports that Standard & Poor's would downgrade credit ratings on several euro-zone countries.
Xstrata Miffed at Manilla's 'No' to Giant Copper-Gold Mine
Global miner Xstrata Plc's Philippine unit said on Friday it was extremely disappointed with a government decision not to clear for now its planned $5.9 billion copper-gold Tampakan project, potentially the biggest in Southeast Asia.
Gold Prices Struggle to Hold Recent Gains
Gold prices struggled to hold recent gains Friday as a successful Italian bond auction buoyed optimism about the direction of the Eurozone's economy.
U.S. Stocks Climb to 5-Month High
The S&P 500 closed at a five-month high for the third day on Thursday but had difficulty extending gains in the face of lackluster economic data and another European bond market test.
Gold Prices up for 3rd Day, Hit 1-Month High
Gold rose to a one-month high on Thursday, as comments by the president of the European Central Bank on cheap money stabilizing the region's banking system extended the metal's gain to a third consecutive day.
CEO of U.S. Gold Sees Gold Price above $2,000 This Year
U.S. Gold Corp (UXG.TO) Chief Executive Rob McEwen said he expects global financial worries to push gold prices above $2,000 an ounce this year and even higher in the next few years.
Danish Wind Turbine Maker Vestas to Cut 2,335 Jobs
Danish wind turbine maker Vestas (VWS.CO) will cut 2,335 jobs in a bid to restore profitability after rising costs wiped out its 2011earnings.
Delta Air Lines, TPG Capital Gauge Bids for Bankrupt Parent of American Airlines
Delta Air Lines Inc. has hired Blackstone Group to advise it on a possible bid for the parent of American Airlines, and private equity group TPG Capital also is considering a bid for the bankrupt airline, according to a published report.
Lonmin Loses Prospecting Appeal in South Africa
South Africa's Department of Mineral Resources has rejected an appeal by platinum miner Lonmin over a prospecting right on part of its mining area granted to a third party, Keysha Investments.
Yields on Spanish, Italian Bonds Decline
Spain and Italy spread cheer through euro zone markets on Thursday with successful debt auctions at sharply lower borrowing costs in 2012's first real test of appetite for debt from the euro zone's bruised periphery.
U.S. Stock Futures up after Spain's Debt Auction
Stock index futures rose on Thursday after well-received European sovereign debt auctions encouraged investors ahead of job market and retail sales data expected to show the economy is steadily recovering.
Gold Fields, Kyrgyz Villagers Come to Terms
South African miner Gold Fields has signed an agreement with Kyrgyz villagers that will enable it to resume drilling at a prospective copper deposit three months after an arson attack by horsemen on its geologist camp.
Gold Prices Surge Toward One-Month High
Gold prices, which already this week broke above a key resistance level, barreled on Thursday toward a one-month high.
LME Finds 2 Potential Bidders among 15 Suitors
At least two serious potential bidders have emerged so far for the London Metal Exchange (LME) from 15 suitors who expressed interest in the world's biggest metals marketplace, a source with knowledge of the matter said on Wednesday.
Gold Climbs to Highest in a Month on Chinese Demand
Gold rose for a second day on Wednesday, hitting its highest in a month, as evidence of strong demand from major consumerChina helped boost the price above a key technical level, and offset the impact of a softer euro.
Icahn Drops Bid to Takeover Commercial Metals
Billionaire investor Carl Icahn on Wednesday dropped his $1.73 billion hostile bid for Commercial Metals Co (CMC.N) after failing to pick up support among the metal company's other shareholders.
Brigus Gold Sees Higher Resource Estimate for Black Fox
Brigus Gold Corp. said Wednesday exploratory drilling in Ontario will result in increased resource estimates of its Black Fox Complex.
Indian Buyers Snap up Discounted Gold
Gold traders in India, the world's biggest buyer of bullion, stepped up buying for the upcoming wedding season, as gold prices stayed near the week's trough, giving silver a boost.
Output Returning to Normal at World's Biggest Gold Mine
Freeport McMoRan Gold & Copper Inc's Indonesia's unit said on Wednesday it continued to ramp up production at its Grasberg mine where workers on Tuesday halted a gradual return at the end of a three-month strike.
Gold Prices Extend Gains on Chinese, Indian Buying
Strong demand from China and India as well as short covering Wednesday extended a gold price rally that has lifted the yellow metal six percent since the end of last month.
U.S. Orange Futures Soar to Record High
U.S. orange juice futures surged almost 11 percent to an all-time high on Tuesday, as reports that discovery of small doses of an unapproved fungicide in Brazil could crimp juice imports from that country added fuel to a rally sparked by a brief freeze last week in Florida.
Gold Prices up 1.5 Percent on Dollar Weakness
Gold prices rose 1.5 percent near a closely watched level Tuesday to a three-week high as the dollar weakened and stocks rallied.
Gold Rises to 200-Day Moving Average; Platinum Surging
Gold rose towards $1,640 an ounce on Tuesday and other precious metals rallied, with a rebound in the euro versus the dollar making dollar-priced assets more attractive to holders of other currencies, and after bullion breached a key chart level.
Silvercorp Amends Suit against Critics
Silvercorp Metals Inc., whose shares plummeted after reports of accounting and resource statement fraud, has amended its lawsuit against those it sees as responsible for the allegedly defamatory reports.
Bank of America Laying off 20% of Asian Staff
Bank of America-Merrill Lynch, the second-largest U.S. bank by assets, is cutting around a fifth of its managing directors across its Asia investment banking division, sources said on Monday, in a bid to cut costs as the outlook sours in a once-booming region.
India's Central Bank OKs More Banks to Import Gold
India's central bank has allowed four more banks to import precious metals, a move that would boost competition and help reduce premiums in the world's biggest importer of bullion.
Centamin Hikes Gold Output 10% in 4Q
Gold producer Centamin posted a 10 percent rise in fourth-quarter output, boosted by higher production rates at its flagship Sukari project in Egypt, lifting its shares on Tuesday.
