INVESTMENT

Brazil rejects Europe debt purchase plan

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Brazil on Tuesday rejected the idea of buying European bonds to help ease the euro zone's debt crisis, casting doubt on a plan for major emerging market economies to offer fresh funds for the continent's rescue.

Nomura Reported Debating Major Cost-Cutting

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Nomura Holdings , Japan's largest investment bank, is planning major cost cuts that will like have the biggest impact on its loss-making European operations, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
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Newmont Mining Faces Opposition to Peruvian Mine

Townspeople in northern Peru are demanding an end to construction of the $4.8 billion Minas Conga gold mine because they fear it will threaten local water supplies, residents said on Tuesday.
German Chancellor Angela Merkel

Merkel Calls for Bailout Fund Support Before Vote

Chancellor Angela Merkel appealed to German lawmakers from all parties on Tuesday to back plans to boost the firepower of the euro zone rescue fund in a vote set to take place hours before Wednesday's crunch EU summit.
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Egypt regulator wants stability to change trade rule

Prices on Egypt's stock market must stabilise before same-day settlement resumes, the financial regulator said, shrugging off warnings from some traders that the delayed settlement imposed during February's popular uprising was deterring investors.
Gold pellets

Gold Prices Shoot Higher as Brussels Meeting Nears

Gold and silver prices rose more than two percent Tuesday on rising fear that European leaders will be unable to produce a viable rescue plan for the continent's banks, or its staggering southern periphery.
The Nasdaq Composite stock market index is seen inside its studios at Times Square in New York in this file image

Is Israel's romance with Nasdaq over?

Israeli technology companies, once the darlings of New York's Nasdaq, have turned their backs on the exchange and are looking for suitors to acquire them.
Gold bars

Eurasian Development Bank to Lend $100M to Gold Miner

The Eurasian Development Bank, a state-run joint venture between six former Soviet republics, has agreed to lend about $100 million to a Kazakh gold miner to help boost output of the precious metal in the Central Asian country.
Texas Governor Perry speaks at the Iowa Faith & Freedom Coalition's Presidential Forum in Des Moines

Perry Economic Plan Proposes 20% Flat Tax

Republican presidential candidate Rick Perry rolled out his economic plan Monday, and it calls for allowing Americans to choose between their existing income tax rate and a new flat tax rate of 20 percent.
RBI

RBI Signals End of Tightening Cycle

The Reserve Bank of India (RBI) raised interest rates on Tuesday for the 13th and possibly final time in a tightening cycle that began in early 2010, on expectations that persistently high inflation will finally begin to ease starting in December.
To match Special Report BANKS/UBS

UBS Salvages 3Q Profit with One-Off Gain

Swiss bank UBS AG overcame a 1.8 billion Swiss franc ($2 billion) rogue trading loss to post a smaller than forecast fall in third quarter net profit on Tuesday, salvaged by a one-off accounting gain.
A trader works on the floor of the New York Stock Exchange

U.S. Stock Index Futures Mixed

Stock index futures pointed to a mixed open on Wall Street on Tuesday, with futures for the S&P 500 up 0.2 percent, Dow Jones futures down 0.03 percent and Nasdaq 100 futures down 0.1 percent at 0925 GMT (5:25 a.m. EDT).

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