BUSINESS

Pieces of gold

Gold's Value Up For Europeans As Exchange Deems Bullion Collateral

European investors looking to bet on risky derivatives will be able to use gold to back their trades, one of the Continent's major exchanges said Friday, a development that could both make the yellow precious metal a more valuable asset and foster the growth of derivative trading volume.
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Photo illustration shows two euro coin through a magnifying glass near a picture of German share trading DAX index

European Markets Gain After Merkel’s Comments On ECB

European markets rose Friday as investor sentiment turned positive amid hopes that German Chancellor Angela Merkel would step up measures to alleviate the debt burden faced by the euro zone and revive the economic growth momentum.
An investor checks stock information with a computer at a brokerage house in Hefei

Asian Stocks Rise On Euro Zone Optimism

Most of the Asian markets rose Friday as investor confidence was lifted after German Chancellor Angela Merkel stressed her country's commitment to support measures to alleviate the debt crisis faced by the euro zone.
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Asian Shares Gain On Merkel's Backing For ECB

Shares firmed Friday as German Chancellor Angela Merkel voiced support for the European Central Bank's efforts to contain the euro zone's debt crisis, soothing investor nerves and prompting them to scale back safety bids.
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Obama Reported To Consider Tapping Oil Reserve

The White House is "dusting off old plans" for a potential release of oil reserves to dampen rising gasoline prices and prevent high energy costs from undermining the success of Iran sanctions, a source with knowledge of the situation said.
Protesters striking at a platinum mine in South Africa Thursday. Many in the crowd were armed.

18 Killed By Police Fusillade in South Africa [PHOTOS]

18 people were killed by South African police during a wildcat mining strike Thursday, in an episode that was captured entirely by TV news cameras and has stunned the nation, reminding many of not-too-distant days when police would shoot anti-apartheid protesters.
US Stock Market

Stock Trading Suffers On Uncertain, Unpredictable Markets

Trading in U.S. stocks has been going on at a snail's pace recently, a fact market-watchers are blaming on policy uncertainty, but could also be the result of investors fed up with the fragmented, unpredictable nature of the market.
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Bahraini Human Rights Activist Jailed For Three Years

A prominent human rights activist in Bahrain has been sentenced to three consecutive year-long sentences for participating in what the courts characterized as "illegal gatherings," referring to activities connected to the country's ongoing popular uprising.
Samsung Galaxy Note 10.1

Samsung Ships Galaxy Note 10.1 To Battle iPad Dominance

Samsung Electronics (Seoul: 005930) started shipping its $499 Galaxy Note 10.1 tablet in a bid for market share against the iPad from Apple (Nasdaq: AAPL), the world's most valuable technology company. On of its innovations is an electronic stylus called the S Pen, first unveiled at the International Consumer Electronics Show in January.
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Cisco Surges On Earnings, Outlook for Internet Growth

Shares of Cisco Systems Inc. (Nasdaq: CSCO), the No. 1 provider of Internet gear, soared more than 8 percent Thursday after reporting fourth-quarter net income that beat analyst estimates by a penny and as boosting its dividend 75 percent to 14 cents a share.
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Newspaper Executives: ‘We’re Still Relevant’

A little optimism goes a long way: According to a recent study commissioned by the Newspaper Association Managers (NAM), 25 percent of newspaper executives believe the industry will be more relevant five years from now than it is today.

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