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Barrick bids for Equinox, tops Minmetals

Barrick Gold Corp has agreed to buy Equinox Minerals for about C$7.3 billion ($7.68 billion), topping a bid from China's Minmetals Resources <1208.HK> in a big bet on soaring copper demand.

China unveils new wanted, not-wanted industry list

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China's economic planning agency on Monday published a new list of industries that it would encourage, restrict or ban, a blueprint that could have a far-reaching impact on investment activity China over the coming years.
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At Europe’s doorstep, Turkey’s role in Middle East changes and evolves

International Business Times spoke to Dilshod Achilov, a professor of political science at East Tennessee State University, in Johnson City, Tenn., to discuss Turkey’s evolving role in the Middle East, how it is handling the revolutions in the Arab world and its chances for accession into the EU.
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Chinese inflation to ease: government

China's inflation will fall slightly in the second half of 2011, but it will be tough to keep the full-year rise in consumer prices below the government's 4 percent ceiling, an official said in remarks reported on Sunday.
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China, S. Korea rebuff Japan on import restrictions after quake

China and South Korea rebuffed on Sunday Japan's calls for more reasonable restrictions on imports of food and other products that could be contaminated with radiation after last month's nuclear disaster, showing the difficulty Japan will face in restoring trust in its products.
Gold bars and US Dollar bills

Is gold rising because America is broke?

Gold prices shot up to a new record of $1,512.50 an ounce in New York late on Friday, posting a record weekly gain and maintaining a six-week winning streak. What the gold rally means to the dollar and the American people is obvious from the rush pawn shops see across the United States.
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Shanghai offers fee cuts to defuse drivers' strike at port

The government of the Chinese city of Shanghai is cutting some fees to defuse striking truck drivers' anger over high fuel prices, an official spokesman said Saturday, after days of confrontation earlier this week disrupted the world's busiest port.
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Rio says reaches accord with Guinea over Simandou

Mining giant Rio Tinto said on Friday it would pay the government of Guinea $700 million after reaching an agreement to resolve all outstanding disputes over blocks 3 and 4 of its Simandou iron ore project.

Nissan LEAF - Why it is the Car Of The Year 2011

The Nissan LEAF is the first of four 100% electric vehicles Nissan has announced, part of our worldwide commitment to becoming a leader in the effort to build a sustainable, low-carbon society.
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POSCO outlook cautious, Q1 misses forecast on higher

POSCO's <005490.KS> annual earnings may remain under pressure due to fragile demand and high raw materials costs after the world's No. 3 steelmaker missed expectations with a 36 percent fall in quarterly profit.

Yum! Brands Shares Hit New Life-Time High on Q1 Results

Shares of Yum! Brands, Inc. (NYSE: YUM) touched a new life-time high of $54.98 on Thursday. The company's first quarter revenue exceeded Street view boosted by growth in China, which helped offset weakness in its U.S. operations.
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Third day of Shanghai strike threatens China exports

Striking truck drivers protested for a third day on Friday in Shanghai's main harbor district amid heavy police presence and signs the action has already started to curb exports from the world's busiest container port.

Which sovereign is the most risk-free?

US Treasuries are called the “risk-free assets” of the financial world. However, the moniker of “risk-free asset” may actually belong to another country.
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McDonald's warns of higher food inflation

McDonald's Corp forecast higher prices for beef, dairy and other items and said it would cautiously raise prices to keep attracting diners, who are grappling with higher grocery and gas bills.

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