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Zambia doubles mine royalties to fund big budget

A file photo of Zambia"s Finance Minister Alexander Chikwanda.
Zambia's new government unveiled an expansive 2012 budget on Friday, with big increases in social spending and farming subsidies to be paid for by a rise in mineral royalties and a debut $500 million Eurobond.
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Citi to Sell EMI Units for $4.1 Billion: Report

Vivendi's Universal Music Group is set to buy EMI's recorded-music unit for $1.9 billion, while a group led by Sony's music division will buy the publishing operation of the British music company for $2.2 billion, the Wall Street Journal reported on Friday.
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A previously unseen tour video of Michael Jackson at the height of his career is set to be sold for millions at an auction in London later this month.

Michael Jackson's Deathbed, Furniture, Artwork to be Auctioned Dec. 17

Word about items from the Los Angeles home Michael Jackson died in going to the highest bidder next month broke two days after a jury found Dr. Conrad Murray guilty of involuntarily killing the King of Pop Monday. However, Julien's Auctions founder Darren Julien told IBTimes Thursday he and his colleagues came up with the Dec. 17 event as early as five months ago.
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Gold ETPs Steady in October - Report

Investors stuck with gold exchange-traded products (ETPs) in October, but most other commodities ETPs saw outflows as investors remained cautious about the outlook for economic growth.
Papademos to lead Greek crisis coalition

Papademos to lead Greek crisis coalition

Former European Central Bank vice-president Lucas Papademos will head Greece's new crisis coalition, the president's office said on Thursday, charged with saving the country from default, bankruptcy and an exit from the euro zone.
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Euro stabilizes, world stocks above 3-week low

The euro rose from a one-month low versus the dollar on Thursday and top-rated government debt fell while world stocks held above a three-week trough on hopes that new governments being formed in Italy and Greece could help fend off a euro zone break up.
James Murdoch

James Murdoch Turns on Other Execs in Hacking Probe

James Murdoch blamed other senior News Corp executives on Thursday for not telling him more about potential evidence of widespread phone-hacking at the now-defunct News of the World tabloid that he oversaw.
Montecitorio palace is seen early morning before the start of a finances vote in downtown Rome

Eurozone Crackup Feared as Italy Teeters

Political and economic crisis in Italy spurred fears of a split in the Eurozone with borrowing costs for Europe's third biggest economy at unsustainable levels and the bloc unable to afford a bailout.

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