South Africa's rand slipped on Thursday after posting strong gains this week, while bond prices fell on concerns over the U.S. debt standoff and stocks fell for the fourth straight day.
Sprint Nextel posted second-quarter profit margins well below Wall Street estimates, sending its shares down 16 percent as the No. 3 U.S. mobile provider still lost more subscribers than expected despite spending heavily to fight off rivals.
Zambian President Rupiah Banda dissolved parliament on Thursday and set September 20 as the date for elections that are likely to hand him and his Movement for Multi-party Democracy (MMD) another five years in power in Africa's biggest copper producer.
Scorpex has entered into a deal with IET to install and operate waste gasification equipment in Mexico.
Toronto's main stock index plunged more than 2 percent on Wednesday to its lowest point this month as weak U.S. data and a looming deadline for raising the U.S. debt ceiling sent investors searching for safety.
MERS, the electronic mortgage registry that faces multiple investigations for its role in thousands of problematic foreclosure cases, changed its rules to lower its profile in court-supervised foreclosures.
It is understandable that foreign investors have been losing confidence with the U.S.?s ability to deal with its debt issue
Carbon market participants said revisions to key rules may not be enough to ensure that trading in secondary offset markets in California is liquid and stable.
The Kenyan shilling reversed earlier gains and fell for a third straight day against the dollar on Wednesday after the central bank said it had kept its key lending rate at 6.25 percent.
Striking workers in South Africa's petroleum sector are discussing a revised wage offer to end a three-week-old walkout as stoppages spread to the vital mining sector, threatening supplies of coal and gold.
Wall Street skidded on Wednesday as troubling signs from U.S. corporations and falling demand for long-lasting manufactured goods discouraged investors already nervous about faltering debt talks in Washington.
Jeff Bezos and Amazon have unique competitive advantage, some analysts say. They suggest Amazon is succeeding bigger, and faster, than Wal-Mart did, becoming the world's largest retailer. That begs the question: Has Amazon built the most competitive business ever?
Japanese authorities know there is not much they can do to turn a broad weak-dollar tide so will judge any intervention a success if it keeps speculative action from driving up the yen too far and too fast.
Amazon's stock is trading near a 52-week high, up more than five percent Wednesday after the company posted strong second quarter earnings and profits. But Amazon will go higher, say some analysts, because the company has a decided competitive advantage.
New orders for long-lasting U.S. manufactured goods fell in June and a gauge of business spending plans slipped, supporting views that the economy will not emerge quickly from its current soft patch.
Some of the largest pension funds and investment firms have urged President Barack Obama and Congress to resolve the deficit impasse and avoid inflicting "pain and hardship" on the nation.
The Smurfs will return to the U.S. in a big way with the premiere of their namesake movie on July 29.
After being mired in a stock slump in recent months, DreamWorks Animation announced a stronger than expected second quarter.
It's not too late to find investor-friendly exchange-traded funds specializing in safe-haven currencies and precious metals, experts say, though the August 2 deadline for raising the U.S. debt ceiling is days away. For more intrepid individuals, there are even some tech ETFs that seem to be holding their own.
Gold held steady on Tuesday after the last session's record high, as investors stayed on the sidelines, watching the stalemate in Washington's budget talks to avert a ratings downgrade or default.
The largest Internet retailer benefited from growth in e-commerce, though margins continued to be pressured by heavy spending on distribution, technology and digital content.
Kenyan fuel marketer KenolKobil posted an 86 percent jump in first-half pretax profit to 3.22 billion shillings on Tuesday, helped by a 38 percent rise in sales and lower distribution costs.
