INVESTMENT

Dec construction spending lowest in 10-1/2 years

A construction worker cuts tiles as he installs a roof on a home in a new subdivision being built in San Marcos, California
U.S. construction spending unexpectedly fell in December to touch its lowest level in nearly 10-1/2 years as investment in both public and private projects declined, suggesting the sector would continue to struggle this year as federal stimulus spending tapers off.
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Centamin Egypt says ops unaffected by unrest

Miner Centamin Egypt said its operations were unaffected by the political unrest as momentum continues to build in Egypt, while it forecasts higher production in 2011. Egypt-focused stocks have come under the spotlight as protestors demand an end to the 30-year-rule of President Hosni Mubarak.
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Gold marks slight loss for day and month

Gold fell on Monday, notching its first monthly decline in six months, as strong U.S. factory and spending data coupled with fading worries about the euro zone debt crisis put a damper on the metal's rally.

China, Brazil office rents soared in 2010 - survey

Prime office rents in key Chinese and Brazilian cities will continue their economic growth-fuelled rise in 2011, a survey said, prompting global property investors to chase deals in those emerging markets.
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Dunhill launches biometric wallet at $825

For pick pockets here's a dare, London's luxury goods firm Dunhill has launched a virtually indestructible biometric wallet, that no one can steal and if by chance they steal, they can't open.

India gold may recover by March-end

Gold futures are likely to recover from their 13-week low this quarter and extend their rise further to breach 21,000 rupees by the end of the third quarter, analysts and importers said.

China 2011 export growth to slow to 10 percent

China has no need to revalue its yuan currency for trade reasons, as export growth will slow to a still strong 10 percent this year and its surplus is set to contract by 2015, its trade chief said on Friday.

Gold rises 2 percent as Egypt sparks safe-haven buying

Gold surged 2 percent on Friday, gaining as much as $40 per ounce in a knee-jerk rally as fears that unrest in Egypt would spread across the Middle East prompted safe-haven buying. It's the largest one-day gain in nearly two months.
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Merill Lynch settles prop trading charges for $10 mln

Bank of America Corp's Merrill Lynch unit has agreed to pay $10 million as part of a settlement with the U.S. Securities and Exchange Commission (SEC) that has accused it of fraudulently misusing customer orders so it could trade for its own benefit.

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