INVESTMENT

UPS cargo aircraft are loaded with air containers full of packages bound for their final destination at the UPS Worldport All Points International Hub in Louisville

TNT Express Rejects $6.45 Billion UPS Bid

Dutch delivery firm TNT Express said on Friday its board of directors has rejected an unsolicited takeover offer from U.S-based peer UPS worth an estimated 4.9 billion euros, but it said discussions are continuing.
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Al Gore

Al Gore Calls for Overhaul of 'Unsustainable' Capitalism

Former U.S. vice president Al Gore wants to end quarterly reporting by companies and explore issuing loyalty-driven securities as part of an overhaul of capitalism that he says has turned many of the world's largest economies into hotbeds for irresponsible short-term investment.
Global demand in 2011 by sector

Gold Demand Soars on Inflation and Deflation Fears

Worldwide sales of gold last year soared 29 percent to a record high as two groups of investors, each with mutually exclusive views of economic and financial threats, flocked to the yellow metal and related assets.
Europe's first Vega rocket lifts off from the European Space Agency (ESA) launch centre in Kourou, French Guiana, February 13, 2012. The Vega rocket blasted off from French Guiana on Monday in an inaugural flight aimed at giving Europe a vehicle for

U.S. Eyes Growing Global Cooperation on Satellites

The United States, in a review of future satellite needs, is examining opportunities to increase international collaboration and orders from commercial providers, a senior U.S. Air Force official said on Wednesday.
Man looks at Olympus Corp digital cameras at an electronics store in Tokyo

Former Executives, Bankers Arrested over Olympus Fraud

Four months after one of Japan's biggest corporate scandals, police and prosecutors on Thursday arrested seven men, including the former president of Olympus Corp and ex-bankers, over their role in a $1.7 billion accounting fraud at the medical equipment and camera maker.
Gold

India's Gold Demand Drops Below China Q4

Wild price swings caused by a volatile rupee sapped Indian buying interest in gold in the fourth quarter of 2011, with imports well short of expectations and no pick up expected this year, dropping it behind China for the first time.
Leader of China Xi Jinping and President Barack Obama.

Xi Jinping: New Friend of the U.S.?

Xi Jinping's visit to the United States is all the rage as Washington scurries to get a better impression of the presumed successor of President Hu Jintao. However, it would be premature to judge Xi's comfortable and amicable style as a sign of any weakness.
Crushed ore facility

Gold Prices Fall as Greek Default Worries Increase

Gold prices fell on Thursday as the euro slid to a three-week low versus the dollar, pressured by news that European officials considered delaying a bailout package for Greece which fuelled fears the heavily indebted nation could face a chaotic default.
Gold bars

Gold Demand Struck 14-year High in 2011: WGC

Gold demand struck 14-year highs in 2011, driven by record investment, buying in China, which could overtake India this year as the world's top consumer, and central bank purchases, which hit their highest in at least 40 years, according to a report on Thursday.
BP

BP Gets Nod for Another Deepwater Gas Project in China

China's ministry of commerce has approved a project that allows the British oil giant to have a presence in block 43/11, a gas field in the South China Sea, the China Daily reported quoting Chen Liming, head of BP China.
New Zealand Court Blocks Sale of Dairy Farms to Chinese Investors

New Zealand Court Blocks Chinese Dairy Deal

Chinese firm Shanghai Pengxin, which is run by wealthy property developer Jiang Zhaobai, had hoped to spend more than $164 million buying and improving the New Zealand dairy farms.
George Soros

Hedge Fund Manager John Paulson Cut Gold Holdings

Hedge fund manager and long-time gold bull John Paulson cut his gold ETF bullion holdings by about $600 million in the fourth quarter, a second straight reduction that was likely driven by client redemption needs as he remained upbeat on the metal.

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