Silver is set to sling-shot higher as it plays catchup to gold, creating big opportunities for investors, according to silver bulls.
South Korean trading firm Samsung C&T (000830.KS) said on Monday it was considering taking over independent U.S. oil firm Parallel Petroleum, which a media report said might be worth about $920 million.
Private equity firm Apollo Global Management LLC is getting ready to buy discount chain 99-Cent Only Stores , the New York Post said.
Credit Suisse Group (CSGN.VX) will buy the nearly 50 percent stake it does not own of Brazilian investment fund Hedging-Griffo, which the Swiss bank will make its sole asset management platform in Latin America's biggest economy, a local newspaper reported on Monday.
The price of gold shot up to a record high Monday as traders abandoned other safe haven investments -- the ones governments can control -- for the world's oldest and most independent form of wealth.
Investors tucked into beaten down oil stocks, helping lift Europe's leading shares on Monday after a sharp retreat the previous week, while gold issues drew interest amid lingering worries about global growth.
Silver jumped early Monday by nearly 2 percent in what investors in the white metal hope will be the start of a rally that may resemble what gold has been experiencing.
The price of gold early Monday came within $2 of a record high $1,900 per ounce before settling back to 1.2 percent gain over Friday's closing price as a host of global economic worries drove investors into the security of the world's oldest form of money.
Stock index futures pointed to a slightly higher open on Wall Street on Monday, with futures for the S&P 500 up 0.61 percent, Dow Jones futures up 0.55 percent and Nasdaq 100 futures up 0.73 percent at 3:44 a.m. EDT.
A hint of QE3 could usher in a very explosive global equity rally.
In early summer, before layoffs began sweeping across Wall Street, billboard-sized photos of employees were plastered on the walls, pillars and elevator banks of Credit Suisse Group AG's offices in the United States and abroad.
Micronations or libertarian utopias aren't conceptually new. They claim to be independent nations or states but which are not recognized by world governments or major international organizations. Many of these nations envisage a utopian society free of authoritarian control of any kind. These are non-existent except on paper, on the Internet, or in the minds of their creators.
U.S. Vice President Joe Biden on Sunday rejected views that American power is waning and said Washington would never default, wrapping up a China visit that has played down tensions between the world's two biggest economies.
To say it's been a discomforting summer for U.S. stock investors would be an understatement. The Dow has been on a wild ride, with large market drops followed by sudden reversals. Look for market choppiness to continue until investors determine whether the Fed's latest monetary policy decision will be enough to rev-up U.S. GDP growth.
Gold buyers in India, the world's largest consumer of the yellow metal, are investing in it on expectations prices may rise, but imports are likely to fall as limited budgets buy less gold, the head of India's biggest importing bank told Reuters on Saturday.
The higher gold climbs the more intense the debate between bulls and bears, those who think the yellow metal has a long way to run before it even approachs its 1980 inflation-adjusted high of $2,400 and those who say the latest nominal record of $1,852.20 is just waiting to pop.
Large banks in the U.S. and Europe are undergoing a massive and painful re-organization in order to confront the gloomy new realities of the global economic landscape.
Peter Thiel, PayPal cofounder and an initial investor in Facebook, and a gay libertarian, is investing in what he calls his most ambitious project: Creation of artificial libertarian islands in international waters, free from international laws, regulations or moral codes.
Bain Capital has agreed to buy Australian software maker MYOB for about A$1.2 billion ($1.3 billion) after Sage Group plc's bid ran into last-minute glitches, two sources with direct knowledge of the matter told Reuters on Saturday.
Billionaire Edgar Bronfman Jr is stepping down as chief executive of Warner Music Group Corp, the world's third-largest music company, just two months after the company was bought by Len Blavatnik's Access Industries.
It goes without saying that a civilization and society as complex as the United States would have its share of myths and misnomers, so let's take a moment to dispel a few.
Bank of America Corp plans to cut 3,500 jobs in the next few weeks as CEO Brian Moynihan tries to come to grips with the bank's $1 trillion pile of problem home mortgages.
