The Brazilian government plans to cut the federal budget by about $30 billion in 2011, which is more than double the budgetary cut last year, said a media report on Thursday.
Amid music game sales increases, the company closes Guitar Hero developer Vicarious Visions.
The Indian JV company will provide the armed forces with locally produced high tech equipment and assured life-time support.
The top after-market NYSE gainers on Wednesday are: Encana Corp, EnerSys, Lions Gate Entertainment, FXCM and Goodyear Tire & Rubber. The top after-market NYSE losers are: Terex, LIN TV, Allstate, China Green Agriculture and Cypress Sharpridge Investments.
Zimbabwe has drastically increased exploration fees for diamonds and coal, in an effort to discourage companies from speculating on mining claims, state media reported on Wednesday.
The issue of peak oil was raised by Sadad al Husseini, a former top official at Aramco, Saudi Arabia's oil monopoly, in conversations with US officials, according to Wikileaks.
While 1994 was dubbed as the worst year for fixed income investors, we believe that the next twelve months could be even worse
Formula One greats have blasted F1 team Lotus Renault GP for their decision to allow their driver Robert Kubica to take part in the rally, which led to a serious accident, so close to the start of the F1 season.
The White House unveiled plans to spend $53 billion over the next six years on bringing high-speed rail service to 80 percent of Americans within 25 years, though House Transportation Committee chairman John Mica and Railroads Subcommittee chairman Bill Shuster expressed reservations over its future benefit.
The Foundation invests $2 million in educational technology company Inigral Inc. in order to fund the development and marketing of Schools App - the Company's education-focused social media technology product
Robert W. Baird forecasts inflation to upswing during the course of 2011, while inflation overall is expected to remain rather benign by historical standards. The brokerage said food and gasoline are among the items poised to see upward price pressure this year.
The number of victims of identity theft dropped by more than a quarter in the U.S. last year, the largest annual fall on record, but individual victims lost more money on average than ever before.
Canadian regulators are proposing new guidelines to govern how investment dealers advertise and communicate with clients on popular social media such as Facebook, Twitter and blogs.
Gold rose more than 1 percent on Tuesday to $1,367.60 an ounce as traders covering short positions in the New York futures market pushed spot prices through key resistance at the metal's 100-day moving average.
High international commodities prices and a weakening shilling against the dollar are expected to cushion Kenyan listed agricultural stocks from inflationary pressures and the effects of a biting drought, analysts said.
Kenya's Centum Investment Co is poised to tap the booming property market in east Africa to meet the growing demand of the bulging middle class, its chief executive officer said on Tuesday.
Mauritian holding company Ireland Blyth said it still expected improved full-year results, when posting a 68 percent fall in first-half pretax profit on Tuesday.
The top pre-market NASDAQ stock market gainers are: Conexant Systems, Herley Industries, Exide Technologies, Vical, and Motricity. The top pre-market NASDAQ stock market losers are: ADDvantage Technologies Group, PennantPark Investment, Breitburn Energy Partners, Allot Communications, and Glu Mobile.
Newmont Mining Corporation (NEM.N) expects to more than double its African gold production to 1.2 million ounces by 2015, driven by its projects in Ghana, a senior executive said on Tuesday.
Gold inched higher on Tuesday as equities fell, the euro picked up and flows of metal out of exchange-traded funds stabilized, although a rise in Chinese benchmark rates limited gains.
The top after-market NASDAQ stock market gainers are: Exide Technologies, Herley Industries, Conexant Systems, CSP, and WSB Holdings. The top after-market NASDAQ stock market losers are: Glu Mobile, SunPower, Breitburn Energy Partners, PennantPark Investment, and Kratos Defense & Security Solutions.
British gas producer BG Group Plc posted a rise in quarterly profit helped by higher commodity prices and a lower exploration charge and the company lifted its full year dividend by 10 percent to 21.60 cents a share.
