South Africa is looking at establishing its own metals exchange as part of a wider government plan to extract more value from the country's huge mineral wealth, much of which is exported as ore rather than being refined and processed locally.
Zambia's new President Michael Sata announced plans to overhaul the constitution on Friday, the latest step in his top-to-bottom review of the way Africa's top copper producer is run.
Russian gold and silver miner Polymetal has secured a $100 million investment from Moscow investment bank VTB Capital as part of its planned listing on the London Stock Exchange, the company's deal prospectus showed on Friday.
South Africa is looking at establishing its own metals exchange as part of a wider government plan to extract more value from the country's huge mineral wealth, much of which is exported as ore rather than being refined and processed locally.
Royal Bank of Scotland plc (NYSE: RBS), is the "most vulnerable" bank in Europe and may have to raise billions of dollars to strengthen its capital ratios, warned analysts at Credit Suisse. Dozens of British banks, including RBS, released results of new stress tests form to the European Banking Authority on Thursday.
Microsoft has finalized the $8.5 billion acquisition of VoIP service Skype, initially announced in May 2011.
The advantages of doing business and investing in India include a federal government system with clear powers established between the central government and state governments, a liberal and friendly investment climate, and liberal and clear policies on foreign direct investment from other major economies of the world.
Swiss investment bank UBS disclosed Friday its top 10 commodity stock picks, all of which fall into one of four categories, thermal coal, iron ore, gold and merger and acquisition opportunities.
U.S. stock futures rose on Friday on upbeat earnings and economic data.
Gold was slightly higher on Friday and headed for its biggest weekly gain in more than a month, shrugging off the credit rating downgrade of Spain ahead of a G20 meeting whose agenda will be dominated by the euro zone debt crisis.
Anger at high tuition bills and a lack of jobs propelled U.S. college students into streets and quadrangles on Thursday in the latest offshoot of the Occupy Wall Street protest movement.
Sri Lankan-born Hedge fund tycoon Raj Rajaratnam was sentenced to 11 years in prison for the biggest hedge fund insider trading case in the U.S., but the verdict was not as stringent as legal circles had predicted.
Add some more private equity bigfeet to the cluster that may be looking to acquire Yahoo: Kohlberg Kravis Roberts and Blackstone Group.
Since early August, the U.S. stock market has been stuck in a range.
Frankel reportedly sold SkinnyGirl cocktails for $8 million, not $120 million
Impala Platinum said on Thursday it has agreed to turn over a 10 percent stake in its Zimbabwe units to locals after facing pressure from the government to give up equity or lose out in the state with the world's second largest platinum reserves.
Ivory Coast's government has ended consultations with cocoa exporters and farmers on planned reforms to the sector that will guarantee its hundreds of thousands of smallholders a minimum selling price, officials said on Thursday.
South Africa's rand turned weaker against the dollar in late Johannesburg trade, giving back earlier slight gains as fears of trade wars between China and the United States rattled investors already jumpy over European debt woes.
Resources firms such as Exxaro led South African stocks lower on Thursday as miners took a knock after weak data from China and disappointing earnings from the United States.
Egypt's central bank said it kept its benchmark interest rates on hold after a monetary policy meeting on Thursday, as headline inflation eases and political uncertainty delays an economic recovery.
Liberian President Ellen Johnson-Sirleaf has won 44.5 percent of votes counted so far in the West African country's election, the poll body said on Thursday, releasing the first official tally.
Roubini Global Economics, the global investment research firm co-founded by NYU economist Nouriel “Dr. Doom” Roubini, is reportedly for sale, as it continues to lose money, according to a report from CNBC’s David Faber.
