INVESTMENT

Communist Cuba to allow private property

The Communist government of Cuba said it will permit people to buy and sell their property for the first time since Fidel Castro took power of the island in 1959, as part of a raft of economic reforms.

Silver Burns Short Sellers

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[Selling silver short] natural with these giddy prices, one London trader told the Platts news service on Monday. Speculators are going to have to take profits soon. Shorts have been burned in the run-up, but keep coming back for more, he said, forecasting a $10 drop in the Silver Price short term.
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Goodrich Upgraded at Wedbush on Better Aftermarket Performance

Wedbush Securities upgraded its rating on shares of Goodrich Corp. (NYSE: GR) to outperform from neutral based largely on outperformance in the commercial aftermarket. The brokerage also raised its price target on shares of the U.S. aircraft parts supplier to $100 from $92.
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Nasdaq hires investment banker Shavel as new CFO

Nasdaq OMX Group Inc named a Bank of America Merrill Lynch investment banker as chief financial officer on Thursday, bringing in a seasoned dealmaker as it pursues a takeover bid of NYSE Euronext .
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Glencore: King of Commodities Trading

Glencore’s planned IPO prices the company at $55 billion. This incredibly high valuation is probably shocking to the many people who have never heard of Glencore before. But $55 billion, as large a figure as that is, doesn’t even begin to describe just how powerful it is.
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Global Markets Overview 04/14/2011

US stocks ended slightly higher on Wednesday after President Barack Obama detailed his plans for cutting the deficit and the Federal Reserve reported encouraging news on the economy.
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World Market Overview 04/14/2011

The Australian share market pared early losses to close around 0.2 per cent higher, as investors snapped up bank stocks and other cyclicals with attractive dividend yields.
Gold bars are displayed at a branch of Mitsubishi Materials Corporation in Tokyo

Gold To Hit $1600/Oz By end of 2011: GFMS

Price of gold will exceed $1600 a troy ounce before year-end on strong growth in investment demand, according to the precious metals research consultancy firm GFMS.
Traders work on the floor of the New York Stock Exchange

Global Markets Overview 04/13/2011

U.S. stocks ended lower on Tuesday as Alcoa sales missed estimates and energy stocks declined as oil prices plunged more than 3 percent. Futures on major U.S. stock indices point to higher opening on Wednesday ahead of economic data including retail sales.

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