INVESTMENT

China's central bank plans to create a new vehicle to manage investment funds worth a total of $300 billion to improve returns on the world's largest stockpile of foreign exchange reserves, a source with knowledge of the matter told Reuters.

Southeast Asian stock markets fell on Friday on growing doubts that European leaders will be able to forge a credible scheme to contain the euro zone's debt crisis at a summit in Brussels.

China's central bank plans to create a new vehicle to manage investment funds worth a total of $300 billion to improve returns on the world's largest stockpile of foreign exchange reserves, a source with knowledge of the matter told Reuters.

Ivanhoe Mines Ltd said it expects a ruling on an arbitration dispute with Rio Tinto, its largest shareholder, to be delivered within a couple of weeks.

The euro rose in early Friday trading after a report indicated China plans to create an investment fund to deal with the eurozone debt crisis.

China's central bank plans to create a new vehicle to manage investment funds worth a total of $300 billion to improve returns on the world's largest stockpile of foreign exchange reserves, a source with knowledge of the matter told Reuters.

Luxury goods conglomerate, LVMH is believed to be planning for a £300 million investment on three stores on one of the most expensive shopping areas in London.

The youngster will train with the Dallas Texans for a year.

Asian stocks plunged Friday, following overnight declines on Wall Street, after the European Central Bank gave no indication of more government bond buying.

Investors are cautiously optimistic about their investment plans in developing countries over the next 12 months despite increased concerns about the euro zone debt crisis, a survey by the World Bank's political risk insurance agency found on Thursday.

Zynga Inc Chief Executive Mark Pincus said the social games company can double the number of its paying players but he and other executives sidestepped questions about player retention and churn rates, speaking at a luncheon ahead of its IPO.

Zynga Inc Chief Executive Mark Pincus said the social games company can double the number of its paying players but he and other executives sidestepped questions about player retention and churn rates, speaking at a luncheon ahead of its IPO.

U.S. securities regulators are closing a long-running investigation into allegations that two well-known hedge funds conspired to spread negative information about Toronto insurer Fairfax Financial, two people familiar with the inquiry said.

Initial jobless claims are dropping -- they're down to 381,000 but they will have to continue to decline to give investors confidence that the current U.S. economic expansion is sustainable.

A letter bomb addressed to Deutsche Bank chief Josef Ackermann contained a fully functional bomb, and capable of exploding had it not been intercepted in the bank's mailroom, was the work of far-left Italian group, German authorities said Thursday; and more explosives may still be in the post.

U.S. securities regulators are closing a long-running investigation into allegations that two well-known hedge funds conspired to spread negative information about Toronto insurer Fairfax Financial, two people familiar with the inquiry said.

Former MF Global chief Jon Corzine apologized to those harmed by the brokerage firm's collapse, but said he didn't directly manage customer funds and doesn't know where the missing money is.

West Africa-focused gold producer Avocet Mining expects to enter the FTSE 250 index in the March reshuffle and tap investment from index tracking funds.

Outside consultants, accountants, regulators, and people who were at the company “before I arrived” all took actions that undermined the stability of the company, Corzine is set to tell the House Committee on Agriculture today, according to his written comments. Not responsible, though as Corzine acknowledges are “one of the recurrent themes in the media” was the firm’s relatively high ratio of leverage or its exposure to European sovereign debt.

Crystal Cox, a self-proclaimed investigative blogger, has been ordered to pay $2.5 million for defamation.

Google Inc said it will invest $300 million in its Hong Kong data centre, due to come online in early 2013 after the company broke ground on Thursday.