Democratic Republic of Congo needs to invest some $300 million in its industrial diamond mining operations to revive a flagging sector and boost government revenue, a top mining official said.
Gold rose on Wednesday after dipping below $1,600 an ounce as stock markets appeared to have found their footing, but traders said the metal's correlation with volatile equities could trigger more selling.
Stocks were little changed on Wednesday as European finance ministers appeared ready to prop up struggling banks while reports on the U.S. labor market and services sector came in stronger than expected.
Gold prices hovered in a tight range Wednesday as strong physical buying offset renewed optimism among stock investors that Europe might yet avert a sovereign debt-induced recession.
NASA has made the announcement that it will start accepting applications for its next class of astronaut candidates in November.
From the way Washington politicians in both parties tell it, you may well think that multinational companies favor low-tax jurisdictions when investing overseas. They don't.
Ford (F), which did not accept U.S. Government assistance, has rebounded after a restructuring, and is well-positioned to capitalize on U.S. job growth, when it returns with gusto. Is now a good time to consider Ford's shares?
Major U.S. corporations often increase executive pay to ensure it is higher than the median in their industry, according to a report.
Occupy Wall Street protesters benefited from labor's well-organized support, but unions have also gained from the demonstrations.
The leading Mexican restaurant operator in the United States filed for bankruptcy on Tuesday and put its El Torito, Chevys Fresh Mex and Acapulco Mexican Restaurant chains up for sale.
Shares of BlackBerry developer Research in Motion fell to a new yearly low as Apple started to introduce its iPhone5. Apple CEO Tim Cook said 93 percent of the Fortune 500 are testing it.
The Dalai Lama, the Tibetan spiritual leader, cancelled a trip to South Africa planned for this week that had put Pretoria in a bind between its biggest trading partner China and one of its modern heroes, Nobel Peace Prize laureate Desmond Tutu.
The stock is up on rumors floating around the market that RIMM has retained an investment banker to ponder strategic options.
“Europe was, of course, not particularly successful in the last few months.”
Canadian auto sales fell in September, extending a volatile year with Chrysler's strong performance the lone bright spot among the top manufacturers.
As noted earlier, if Sprint (S) snares Apple’s iPhone 5 this autumn, it could give the cell phone service provider a fighting chance versus AT&T (T) and Verizon (VZ). And that would bode well for Sprint's stock.
The Dalai Lama was blocked from visiting South Africa two years ago as well.
Gold prices will rise later this year and into next year, Goldman Sachs said Tuesday, in a note expressing relative optimism about the near-term prospects for the global economy.
Uncertainty over Yahoo may have attracted interest from Russia’s Digital Sky Technologies as well as from China’s Alibaba Group and Silver Lake Partners.
Gold prices fell Tuesday, weighed down by panicking investors preparing for the fallout of a Greek sovereign debt default -- damage to European banks and falling business activity on the continent and perhaps the U.S. -- by dumping stocks and abandoning the euro and buying dollars.
World stocks hit a fresh 15-month low on Tuesday while the dollar neared a nine-month peak on growing doubts over Greece's ability to avert a default that would spark a major banking crisis in Europe and accelerate a global economic slowdown.
A series of emails released by the House Of Representative's Energy and Commerce committee show that Solyndra investors as well as White House officials questioned Solyndra's financial stability as early as December 2009.