INVESTMENT

IBTimes Logo

Gold eases from 7-week peak, Middle East in focus

Spot gold was last down 0.8 percent at $1,394.14 an ounce at 1025 GMT, having risen on Monday to its highest in about seven weeks. U.S. April gold futures were up 0.5 percent at $1,395.20 an ounce.
More news
An Egyptian protester holds up a sign during a demonstration outside the Libyan Embassy in Cairo

Oil prices surge on Libyan unrest

Oil prices have jumped in response to the growing chaos in oil producer and OPEC member Libya and the potential for the escalation of unrest in Iran, OPEC’s second biggest oil producer..

Shell to sell stake in Mauritius unit

Petroleum distributor Shell Mauritius Ltd said on Monday that parent Royal Dutch Shell planned to sell three quarters of its stake in the company to two joint venture partners.
China decries U.S. "obstruction" after Huawei drops bid

China decries U.S. obstruction after Huawei drops bid

China's Commerce Ministry said Chinese businesses faced damaging obstruction in efforts to invest in the United States after China's Huawei pulled out of bidding for U.S. company 3Leaf's assets following pressure from a Washington panel.
Geithner points to China yuan spillover to others

Geithner points to China yuan spillover to others

Treasury Secretary Timothy Geithner on Saturday pointed to the problems China's tightly controlled currency poses for other developing economies and said Beijing still had further to go to let its currency rise.
Terrestar Bankruptcy

EchoStar Won't Back TerreStar Bankruptcy Plan

The months of negotiations between TerreStar Networks and its creditors may well have been for nothing, as EchoStar has pulled out of an agreement to backstop the company's bankruptcy plan.
China Overseas Land eyes 20 pct net profit growth

China Overseas Land eyes 20 pct net profit growth

China Overseas Land and Investment Ltd, the country's largest developer bymarket value, said it aims to record 20 percent growth in netprofit this year, betting that it can ride through governmentmeasures to cool the market.
3Par logo shown at company headquarters in Fremont

M&A is in, cash is dead asset: Lazard banker

Cash is a “dead asset,” which earns nothing, and mergers and acquisitions (M&A) is in, said Gary Parr, vice chairman of investment bank Lazard and one of the leading authorities in the world on M&A.
Treasury Yields vs. S&P 500 stock prices

When interest rates rise so do stock prices

There are now increasing concerns that rising Treasury yields will begin to push stock prices lower and punish new entrants to the equity market. Our view is that there is still plenty of room for risk-free interest rates to rise without having a negative impact on the current equity rally.
IBTimes Logo

Desperate Ivorians queue for cash as banks close

Ivory Coast's biggest bank, a unit of Societe Generale, suspended operations on Thursday, the latest in an exodus of foreign banks that is turning a political crisis into financial meltdown.

Egypt economy struggles as banks stay shut

Strikes damaged Egypt's vital export industries on Thursday as manufacturers kept factories idle because a nationwide bank shutdown stopped them buying supplies and selling their goods, industry officials said.
Money changer shows some one-hundred U.S. dollar bills at an exchange booth in Tokyo

Stern Advice: Does your money need a mission statement?

There is much said about the need for a clear financial plan to maximize savings for retirement, college and other goals. But before you create that plan, you'll want guidelines to help you write it. It's like this: If your plan is a road map, you need to know where you want to go first, right?
China to expand health coverage to urban population

China to expand health coverage to urban population

China aims to expand its medical coverage to include 90 percent of its urban population by the end of 2011, China's State Council, the cabinet, said on Thursday, in an effort to strengthen the country's weak social safety net.
U.S. President Barack Obama signs stimulus package bill at the Denver Museum of Nature and Science

US Recovery Act saved 4 million jobs in two years: EPI

The Recovery Act, which was introduced by the US government in response to the Great Recession of the last decade, created or saved 3-4 million jobs and up to 5 million full-time equivalent jobs by the end of 2010, according to report.
ASX

Australia's ASX H1 net up 2.8 percent, eyes SGX deal

ASX Group Ltd (ASX.AX) eked out a small first-half profit growth, but focus was squarely on the completion of Singapore Exchange's (SGXL.SI) $7.9 billion bid for the Australian bourse operator, a move to help the bourses fight growing competition.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.