Gold at new record on wobbly dollar, global stocks weak
Gold rose above $1,120 an ounce to a fresh record high on Thursday, the U.S. dollar hovered near 15-month lows while shares weakened, particularly in emerging markets. Read Full Article here.
APEC ministers endorse market-oriented currencies
Asia-Pacific finance ministers endorsed market-oriented exchange rates on Thursday and said they would stick with economic stimulus plans until a sustained economic recovery was under way. Read Full Article here.
U.S. looks to cut deficit with unused TARP funds: report
The White House is looking to cut its budget deficit by using some unspent funds from the U.S. government's Troubled Asset Relief Program (TARP), the Wall Street Journal said, citing people familiar with the matter. Read Full Article here.
Soros, CIC help Longfor raise $912 million in IPO
Chinese property developer Longfor Properties Co raised $912 million, pricing its Hong Kong initial public offering at the top end of an indicated range on Thursday, according to two sources close to the deal. Read Full Article here.
Academics hope history in video games spurs interest
Portraying Leonardo da Vinci or World War II in a video game is challenging game developers to mix fun with facts while academics hope this growing genre will get players more interested in history. Read Full Article here.
AMD expects key business to be profitable in 2010
Advanced Micro Devices said it expects to report profits next year from its chip design business, the backbone of a company trying rebuild market share and better compete with rival Intel Corp. Read Full Article here.
Costco CFO: Fingers crossed consumers will spend
Costco Wholesale Corp is hoping that consumers are becoming more comfortable making purchases as the No. 1 U.S. warehouse club operator heads into the year-end holiday shopping season. Read Full Article here.