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Why is the price of chocolate rising?

Lovers of chocolate probably have no clear idea where the Ivory Coast is located, but political turmoil in that West African nation will likely drive up the price of their favorite sweet treat.

U.S. stocks continue to gain

Technology and retail stocks continue to drive market

Software, biotech companies still getting most venture cap money

Software and biotech startups once again got the msot money from U.S. venture capital funds in 2010.

Gold Investment Caught Between Perfect Storm and Short-Term Head-and-Shoulders Technical Pattern

Gold continues to form a long consolidation pattern which has lasted basically for the final quarter of 2010, says Phil Smith in his chart analysis for Reuters' clients. [On] the possible topping [head-and-shoulders] pattern I've been looking at...we have now broken the neckline. Watch for a decisive break below this line. The target for this topping pattern is $1230.

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Ugandan central bank intervention supports shilling

The Bank of Uganda said on Monday it was intervening in the foreign exchange market by selling hard currency BOUG00, helping to push the shilling up to levels last seen nearly three weeks ago.

A currency dealer counts Kenya shillings at a money exchange counter in Nairobi

Kenyan shilling steady vs dollar, stocks dip

The Kenyan shilling ended unchanged on Monday against the dollar but is expected to come under pressure from end-month corporate dollar demand while stocks eased as investors sold off Kenya Power and Lighting.

Oil prices to be stable, says Naimi

Saudi Arabian Oil Minister Ali Naimi said on Monday that he expected oil markets this year to be in balance and price stability to continue at 2010 levels.

German services sector output reaches record high

Business activity in Germany increased sharply in January, mainly boosted by a strong expansion in output of the services sector.

China’s GDP to slow to 9.8 pct in 2011; inflation at 3.7 pct

China’s economy is estimated to grow at 9.8 percent in 2011, with inflation likely to reach 3.7 percent.

India tops global consumer confidence survey - Nielsen

Consumers in most countries globally look set to keep a tight grip on spending in coming months as they worry about job security and rising inflation, a survey by the Nielsen Company showed on Sunday.

Asia stocks concede early gains as sentiment wary

Asian stocks outside Japan struggled to hold on to early gains on Monday, as investors remained wary before a slew of corporate earnings and a Fed meeting this week expected to give a cautious readout on the health of the world's biggest economy.

Private equity vies for Sara Lee: sources

Coffee and meat company Sara Lee Corp will this week weigh an offer from a group of private equity firms which values the company at up to $20 a share or nearly $13 billion, a source familiar with the situation said on Sunday.

UBS upbeat on China, MidEast, warming to Europe

Swiss bank UBS AG's Global Asset Management unit is very upbeat on the Middle East and is also a bit more bullish on opportunities in Europe than others, its head said on Sunday.

Are executive pay hey-days back?

As the economy recovers, companies across industries indicate a cautious but definite return to attractive packages for its top bosses.

KPMG survey expects auto industry investments to soar in next 5 years

Auto industry executives are expected to see a rise in investment in new powertrain technology, new plants, alternative fuel technologies and high growth markets, merger and acquisition activity over the next five years, according to the 12th annual global automotive survey conducted by KPMG LLP.

Hu's U.S. visit sets new tone but tensions remain

Chinese President Hu Jintao headed home on Friday after a U.S. visit both sides declared a success, but which left questions over how the world's top two economic powers will manage future frictions.

Citi CEO Pandit's salary soars to $1.75 mln from $1

Citigroup Inc (C.N) Chief Executive Vikram Pandit got a $1,749,999 raise on Friday.Pandit pledged in 2009 to receive an annual salary of $1 until the struggling Citigroup returned to sustained profitability.

SEC urges new fiduciary rule for brokers and advisers

Securities regulators on Friday called for a new uniform fiduciary standard for broker-dealers and investment advisers that would require them to put retail customers ahead of their own financial interests.

Recession 'not over' on Main Street amid job losses, fear

Job losses and fear about what lies ahead persists on Main Street America, despite official pronouncements that the 'Great Recession' ended over a year ago, the head of a U.S. mayors group said this week. The group was in Washington to lobby President Obama and federal officials for billions of dollars in grants and investments.

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