INVESTMENT

The Egyptian pound fell on Sunday when trade resumed after a week-long suspension due to political unrest, but the drop was less sharp than many traders had feared as the central bank appeared to support the currency.

Egypt's Banks opened for the first time in a week to queues of customers seeking to access their accounts on Sunday, but the Egyptian pound weakened only modestly after violent protests gave way to calmer political talks.

Al Gore's Generation Investment Management LLP is starting a $500 million fund to invest in Asian stocks, Bloomberg reported on Sunday.

Swiss bank UBS AG will pay out less money in form of bonuses in 2010 than in the previous year, Swiss weekly Sonntag reported on Sunday.

Top executives at JP Morgan Chase & Co. knew about the massive Ponzi scam of the bank's client Bernard Madoff much before it became public but turned a blind eye to it, hoping to protect the bank's interests, according to a $6.4 billion lawsuit filed by a court-appointed trustee seeking to recover money for former Madoff clients.

Steven A. Cohen, whose hedge fund firm SAC Capital Advisors has drawn scrutiny in a federal insider trading probe, may be facing a more pressing problem: diminishing returns.

Zimbabwe has licensed five independent power producers whose projects are aimed at helping a struggling power sector by doubling current electricity output to 4,450 megawatts, a government minister said on Friday.

China has offered Zimbabwe $3 billion for vast platinum reserves, a local private newspaper reported on Friday but said the deal was likely to be rejected by the government over its terms.

Proposed changes to revenue sharing within the Southern African Customs Union (SACU) are unacceptable because they place an unfair burden on its poorer members, a senior Namibian official said on Friday.

From Wall Street to the City of London, doughnuts are on the menu this bonus season.

Investors from China and Libya are interested in buying agribusinesses in Ukraine to secure food supplies, a newspaper quoted top Austrian investment bankers as saying.

New JPMorgan fund will buy distressed real estate debt, even though many critics believe that the firm itself is, in part, responsible for much of the distressed real estate in the U.S.

The top pre-market NASDAQ stock market gainers are: JDS Uniphase, Silicon Image, Orexigen Therapeutics, China MediaExpress Holdings and Entropic Communications. The top pre-market NASDAQ stock market losers are: Power-One, Coinstar, Toreador Resources, YRC Worldwide and GT Solar International.

Google Android Honeycomb tablets are expected to end Apple iPad's monopoly. Here are seven reasons why Honeycomb tablets will fare better than iPads:

The top after-market NYSE gainers on Thursday are: Alliant Techsystems, Goodyear Tire & Rubber, Tyson Foods, Vonage Holdings and China Yuchai International. The top after-market NYSE losers on Thursday are: DHT Holdings, Teekay Tankers, RealD, Las Vegas Sands and Netsuite.

Billionaire hedge fund manager John Paulson wrote in his 2010 year end firm report that US stocks will continue to rise.

Experts can argue all they want about the causality relationship between food inflation and QE2. What cannot be denied, however, is the correlation.

JPMorgan Chase & Co executives stood by silently as their client Bernard Madoff ran his epic Ponzi scheme, hoping to protect the bank's investments and continue doing business with him, a newly released $6.4 billion lawsuit claims.

JPMorgan Chase & Co executives were concerned that Bernard Madoff was running a Ponzi scheme, but they silently stood by for years to protect the bank's investments, the trustee for Madoff's investors said.

Gold rose over 1 percent in choppy trade on Thursday, with a sudden jump by over $20 per ounce within minutes as large buy orders were apparently triggered in the future markets. This comes unexpected to precious metals experts, as the gold price was supposed to be kept low by the usual large Wall Street players during todays speech by Bernanke, and was set to rally on Friday, when unexpectedly bad labor market numbers will come in and drive gold prices higher.

Sudan's north will continue to use the Sudanese pound after the oil-producing south secedes on July 9, a central bank official said on Thursday, dousing reports that Khartoum may adopt a new currency.