BUSINESS

Global Mining Headed for a Slowdown: Citi

Afton-Ajax Copper and Gold Mine
Analysts at Citigroup are slashing their estimates regarding just how much mining companies globally will spend this year, suggesting the industry is headed for a substantial slowdown, the Financial Times is reporting.

Singapore's Temasek Investing $468M in US LNG Venture

LNG tanker
Temasek Holdings Pte. Ltd., the Singaporean sovereign-investment vehicle and RRJ Capital, a private equity fund run by former Temasek executive Richard Ong, will jointly invest about $468 million in Houston's Cheniere Energy Incorporated (Nyseamex: LNG), as Singapore pursues its goal of becoming an Asian hub for liquid natural gas (LNG).
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Clintoon and Gandhi

Clinton Pushes India To Cut Iran Oil Imports

The U.S. is pushing India to cut its imports of Iranian oil. But even as Secretary of State Hillary Clinton arrived in Kolkata on Sunday to discuss the issue along with U.S.-India economic ties, a larger Iranian delegation was simultaneously traveling through New Delhi.
General view of the Cash Room of the Treasury Department during the FSOC in Washington

Treasury Dept. to Sell $5 Billion of Insurance Giant AIG

The U.S. Treasury Department will sell $5 billion in shares of American International Group Incorporated (NYSE: AIG) as it continues to divest its balance sheets of the bailed-out insurance company, which has agreed to purchase $2 billion of its own shares as part of the stock offering, the company announced Monday.
Spain

Spain Industrial Output Falls 7.5% In March

Spain, the euro zone's fourth-largest economy, said Monday industrial output decrease by 7.5 percent in March compared to the prior year, following sharp unemployment and shrinking gross domestic product, according to official data.
Volkswagen, German factory orders

March German Factory Orders Up, Led By Demand Outside of Euro Zone

Germany's Economics and Technology Ministry reported Monday factory orders rose in March, spurred primarily by businesses looking away from the euro zone and to the United States and emerging markets. Orders rose 2.2 percent from February, spurred by a 4.8 percent growth in export orders from outside the currency zone.
The more optimistic outlook for the residential property market in the UK looked to have run out of steam in April as prices edged lower

UK Unemployment Will Rise For Five Years, Warns CEBR

According to the think-tank, a generally weaker economic outlook for a longer period in the UK, and revised jobless forecasts mean that only the affluent areas of London, the South East and East of England will escape the trend.
Walt Disney Green Ranking.

32 Key Earnings Reports To Watch This Week, May 7 - 11

First-quarter earnings season is winding down, with about 84 percent of the S&P 500 constituents already out with their results. However, we will still see a number of bellwether companies reporting results this week, including: Walt Disney, Macy's, Kohl's, OfficeMax, Cisco Systems, Nvidia, News Corp., AOL, Tyson Foods and Priceline.
Gold Falls For Fourth Day As Euro Sags

Gold Prices Ease After French, Greek Elections

Gold eased on Monday after elections results in France and Greece that reflected strong anti-austerity feeling raised concerns over the euro zone's ability to battle its debt crisis, knocking the euro to a three-month low against the dollar.
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Pre-Market Movers (GTSI, TTM, FTR, YHOO, NBG, CTSH, AIG, SCMF, HUN, GNW)

The companies whose shares are moving in pre-market trade Monday are: GTSI Corp, Tata Motors, Frontier Communications, Yahoo, National Bank of Greece, Cognizant Technology Solutions, American International Group, Southern Community Financial, Huntsman Corp. and Genworth Financial Corp.
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Four Teenagers Kill Man For Money As His Daughter And Wife Witness The Horror

In a shocking incident, two teenagers and two men in their early 20s have been accused of killing a 40 year-old -man in front of his wife and daughter. The accused men are at large and the police continues to hunt for them. According to a report in Mail Online, the men gunned down and stabbed Victor Quevedo, the victim, outside his home on Saturday night. Quevedo from Houston, Texas, was driving his car into his apartment after an outing with his wife and 13-year-old step daughter when the men ...
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Body Of Missing Hiker Found At The Bottom Of 60-Foot Deep Cave

A body found in an area of canyons, crevices and caves in East County by the search crews is believed to be of the hiker who went missing on the Easter Sunday. Guillermo Pino, a UCSD psychology student, had gone missing about a month ago when he went hiking with his family. The sheriff's deputies and search units were called on Sunday to the Anza-Borrego Desert State when the body was reportedly found in the Arroyo Tapiado area. Pino went missing from the same area, said the officials. P......
Jakarta, Indonesia

Indonesia?s Q1 GDP Growth Slows To 6.3%

Indonesia's economic growth slowed down in the first quarter compared to the last quarter as exports and investment remained weak due to soft global demand.
Oil

Oil Prices Fall After French, Greek Elections

Oil prices fell Monday to add to the sharp decline in the previous session as French and Greek election results raised doubts about those countries' commitment to the austerity measures to sort out Eurozone debt crisis.
Traders work on the floor of the New York Stock Exchange on May 1, 2012.

Risk Assets Tumbling In French And Greek Electoral Tide

Ballots continue to be counted in France and Greece -- where the architects of the austerity solution to Europe's sovereign-debt problem have been advised to turn over their drafting supplies -- but investors are still voting, with their feet, as they appear to be moving out of higher-risk asset classes into lower-risk ones.

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