Centamin Egypt Ltd. posted quarterly net profit almost three times the year-ago level, boosted by higher gold prices, and said it was on track to hit its revised 2011 gold production target.
The China unit of investment bank JP Morgan has won approval to become a trading member of the Shanghai Gold Exchange, the eighth foreign financial institute to obtain such membership, said the exchange on its Web stie (www.sge.com.cn).
Fueled by wider Eurozone summit rally, industry-specific news out of Germany and a trader-driven assessment that share prices might have reached technical bottoms, shares in various solar panel manufacturers surged Thursday and Friday. Disappointing industry developments, the possibility of negative surprises coming out of China, and the increasingly unforgiving economics of the business, however, mean the industry could face a very stormy fourth quarter.
Stock index futures fell in lackluster volume on Monday, following four weeks of equities gains, as a spike in the U.S. dollar weighed on commodity prices and dried up bids on other risky assets.
Solar panels have, for good or ill, traveled a familiar but slow technological road. But manufacturing advances, booming investment and falling prices could, after nearly six decades, make solar panels the new normal.
The top after market NYSE gainers on Friday were: Martha Stewart Living Omnimedia, Nabors Industries, Canadian Pacific Railway, 3D Systems and Carter's, Inc. The top after market NYSE Losers were: Freescale Semiconductor, China New Borun, Mindray Medical International, Swift Transportation and Jones Lang LaSalle.
Stock index futures pointed to a weaker open for equities on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down by between 0.6 and 0.9 percent.
Barclays Plc's underlying quarterly profit rose 5 percent from a year ago as lower charges for bad debt at the British bank offset a third consecutive sharp fall in investment banking revenue.
Swiss bank Credit Suisse will announce the loss of another 1,000 jobs when it presents third-quarter results on Tuesday, a Swiss newspaper reported without revealing its sources.
In early April, Jon Corzine was in a tough spot. MF Global, the company he had run for the previous year, was about to post a fourth-quarter loss, marking its fourth successive fiscal year of red ink.
France's opposition Socialists have attacked President Nicolas Sarkozy for seeking Chinese help in solving the euro zone debt crisis.
The head of Europe's bailout fund, in Asia on a tour for potential investors, said on Monday he had been reassured by Japan's top currency official that Tokyo would continue to buy its bonds.
Gold prices dropped about 2 percent on Monday, after Japan's intervention in the currency market triggered a rapid rally in the dollar, spooking precious metals investors.
MF Global Holdings Ltd was in talks on Sunday with possible buyers with the aim squarely on doing a deal, though all options were on the table, a person briefed on the matter said.
With U.S. government closing the chapter to space exploration, commercial space companies are trying to convince lawmakers to invest in their business ventures.
German Chancellor Angela Merkel and French President Nicolas Sarkozy are backing the candidacy of the head of Switzerland's central bank to lead the Financial Stability Board, a newspaper reported Sunday.
The head of the European Financial Stability Facility sought to entice China on Saturday to invest in the bailout fund by saying investors may be protected against as much as one-fifth of initial losses.
Formula One kicked off at Buddh International Circuit (BIC), Greater Noida near Delhi in India. It is clear that the weekend will be an extraordinary demonstration of the new wealth and power of the Indian elite.
U.S. stocks closed out a fourth week of gains in quiet fashion on Friday, edging higher as the market took a breather after rallying 3 percent on Europe's deal to stem its debt crisis.
Groupon Inc. is considering raising the price range of its initial public offering, as underwriters grow more confident about demand after completing the East Coast leg of a two-week road show to woo investors.
During the past three years, the foreign-exchange franchise at the Bank of New York Mellon Corp. has been challenged by unhappy clients who want more transparent pricing and by the advent of electronic trading.
MF Global Holdings Ltd. is racing to sell all or part of its business this weekend, with its futures brokerage business seen as the most attractive, a source familiar with the situation said Friday.
