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Newmont Mining Faces Opposition to Peruvian Mine

Townspeople in northern Peru are demanding an end to construction of the $4.8 billion Minas Conga gold mine because they fear it will threaten local water supplies, residents said on Tuesday.
German Chancellor Angela Merkel

Merkel Calls for Bailout Fund Support Before Vote

Chancellor Angela Merkel appealed to German lawmakers from all parties on Tuesday to back plans to boost the firepower of the euro zone rescue fund in a vote set to take place hours before Wednesday's crunch EU summit.
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Gold bars

Eurasian Development Bank to Lend $100M to Gold Miner

The Eurasian Development Bank, a state-run joint venture between six former Soviet republics, has agreed to lend about $100 million to a Kazakh gold miner to help boost output of the precious metal in the Central Asian country.
Texas Governor Perry speaks at the Iowa Faith & Freedom Coalition's Presidential Forum in Des Moines

Perry Economic Plan Proposes 20% Flat Tax

Republican presidential candidate Rick Perry rolled out his economic plan Monday, and it calls for allowing Americans to choose between their existing income tax rate and a new flat tax rate of 20 percent.
RBI

RBI Signals End of Tightening Cycle

The Reserve Bank of India (RBI) raised interest rates on Tuesday for the 13th and possibly final time in a tightening cycle that began in early 2010, on expectations that persistently high inflation will finally begin to ease starting in December.
To match Special Report BANKS/UBS

UBS Salvages 3Q Profit with One-Off Gain

Swiss bank UBS AG overcame a 1.8 billion Swiss franc ($2 billion) rogue trading loss to post a smaller than forecast fall in third quarter net profit on Tuesday, salvaged by a one-off accounting gain.
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European Markets Flat in Cautious Trading

European shares steadied Tuesday as earnings news offset fresh political uncertainty a day ahead of the euro zone leaders' meeting that many hope will take a big step toward solving the region's two-year-old debt crisis.
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Hotel Bel-Air back to business after protest

When the posh Hotel Bel-Air was re-opened earlier this month by luxury hotel chain the Dorchester Collection, the reviews from the neighbors and press outlets who follow such things was warm and admiring. But from the reported 260-plus union workers who were laid off as a result of the renovation ... not so much.
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Suck for Luck: Colts, Dolphins Frontrunners for Andrew Luck

The Suck for Luck sweepstakes to win the first pick in this year's upcoming NFL Draft became incredibly apparent this weekend. While no team would ever admit to purposely tanking a game, it's hard to justify the pitiful performances by the winless Miami Dolphins and Indianapolis Colts on Sunday.
cedi

Ghana cedi extends gains as miners sell dollars

The Ghana cedi continues to extend gains made late last week and could pursue the upward trend if the central bank and mining sector keep supplying the market with dollars, traders said.
A security guard walks past a shipment of copper in a file photo.

Dubai firm plans $500 mln copper smelter in Tanzania

Dubai-based City Energy & Infrastructure LLC plans to build a copper smelter and sugar plant in Tanzania over the next three years at a total investment of $500 million, a senior company official said on Monday.
News Corp Faces Two-Front Piracy Accusations in Australia, UK

James Murdoch to Reappear Before Parliament

James Murdoch will appear before the British parliament once again on Nov. 10 to discuss the News of the World phone-hacking scandal, the Media, Culture and Sport Committee announced Monday.
German Chancellor Merkel enters Chancellery in Berlin to brief heads of parliamentary factions about outcome of yesterday's Euro talks

EU Weighs Insurance, SPV Options to Boost Euro Fund

The European Union is now discussing two options for giving the euro zone rescue fund more firepower -- an insurance model and a special investment vehicle , a paper obtained by Reuters on Monday showed.
(L to R) European Commission President Jose Manuel Barroso (L), Germany's Chancellor Angela Merkel (C) and European Central Bank President Jean-Claude Trichet (R)

China Pushes EU to Reach Debt Deal Without Delay

China urged the European Union on Monday to deal with its debt crisis as soon as possible and prevent contagion from spreading, as the country's number four-ranked leader arrived for a visit of the continent, including Greece.
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China Urges EU to Reach Debt Deal Without Delay

China urged the European Union on Monday to deal with its debt crisis as soon as possible and prevent contagion from spreading, as the country's number four-ranked leader arrived for a visit of the continent, including Greece.
Obama Jobs Bill

Obama Student Loan Initiative Comes With Risk

Consider that higher education isn't the ticket to a guaranteed job like it once was. Consider also that education costs have been rising far above and beyond core economic inflation, making it arguably less valuable. Consider also that student loans are the one debt that Americans can't get out of.
Tata Motors sales up 31 pct in December

Tata, Woolworths End 5-Year Partnership - Report

Tata Group has not renewed a five-year agreement with Australia's largest retailer Woolworths for retailing consumer electronics in India, the Economic Times reported on Monday, quoting unnamed persons close to the development.
Michael Woodford, the former chief executive of Olympus Corp, poses for a photograph in London

Olympus Stock Sinks Further After Report of FBI Probe

The U.S. Federal Bureau of Investigation is probing the massive advisory fee paid by Japan's Olympus Corp. in its takeover of a British company, a media report said, as the firm's shares continued to slide over the scandal.

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