Rough diamond prices are expected to rise further this year, but will not match last year's sharp double-digit percentage rebound, which was boosted by restocking from jewellers, the head of De Beers sales division said on Monday.
Mauritius is in talks with India's Mangalore Refinery and Petrochemicals Limited about a $2 billion oil refinery on the Indian Ocean island that could be operational by 2015, a minister said on Monday.
Developing countries and economies in transition together attracted more foreign investment than developed countries in 2010 for the first time, a United Nations study showed on Monday.
European planemaker Airbus celebrated a surprise win in the annual orders race against Boeing with the 10,000th plane sale in its 40-year history, part of a $5 billion order from Virgin America.
Research In Motion, makers of the popular Blackberry telephone and messaging system, said on Monday they would comply with an Indonesian government order to block access to porn sites from its devices.
Investors remain preoccupied by the threat of further monetary tightening in China, writes Marc Ground at Standard Bank in London today. This is weighing on precious metal prices, encouraged further by a stronger Dollar off the back of lingering Eurozone debt concerns.
Iran has long struggled to secure funding to develop its oil and gas resources as several western oil giants have pulled out of the country following the tightening of international sanctions. The troubles are only worsening, with even Asian oil companies finding it difficult to raise funds for its South Pars development.
The world's top cellphone maker, Nokia, is ending its bundling of free music downloads with cellphones in 27 countries, where it has gained little traction since its 2008 launch.
The United States productivity growth will slow substantially in 2011 and could even fall below the rate in the euro area, The Conference Board reported on Monday.
Former president Pervez Musharraf said on Sunday that Pakistan's blasphemy laws could not be changed, but that the man who killed the governor of Punjab province over his opposition to them must be punished.
Fitch Ratings said, in a just published report, that the outlook for India's oil and gas industry is stable for 2011. This is based on the agency's expectation that ties between the government and its majority-owned oil companies will not weaken
The Reserve Bank of India (RBI) chief said on Monday the country is facing surging inflation and it needs to calibrate monetary policy in order to manage inflation and also support growth.
State-run Indian Oil Corp's share sale will be delayed to the next financial year beginning on April 1, Oil Secretary S. Sundareshan said on Monday.
Top Indian auto parts makers are likely to report a healthy increase in Oct-Dec net profits riding surging sales to the booming domestic market and cuts that offset a rise in input costs, analysts said.
Every time you fill up your car this winter you are participating in the biggest taxpayer swindle in history. Only a policy created in Washington DC could drive up the prices of gasoline and food, with the added benefits of costing the American taxpayer billions in tax subsidies and killing people in 3rd world countries.
Astronomer Parke Kunkle's debunking of astrology and the viral wave of theories and anti-theories about the 13th zodiac sign Ophiuchus confounded the followers of astrology the world over, but also dealt a lethal blow to astrologers who withdrew to their shell groping for answers. But now astrologers are striking back.
The subcontinent will be ready in time to host the World Cup though five venues were still undergoing work, the International Cricket Council (ICC) chief executive Haroon Lorgat said on Saturday.
The Securities and Exchange Board of India (SEBI) on Friday said billionaire Anil Ambani cannot invest in publicly-listed securities until the end of this year, and barred two of his companies from such investments until the end of 2012.
Details of yet another upcoming BlackBerry handset was acquired by Jonathan Geller, blogger with BoyGeniusReport. BlackBerry Apollo is the next generation Curve handset that will come with decent specifications for those who wish to enjoy the new BlackBerry OS 6.1 running on it.
Tata Steel, the world's seventh largest steel maker, could raise as much as 34.77 billion rupees ($769.5 million) in its follow-on public share sale.
Two rival bidders for Baffinland Iron Mines have united in a C$590 million ($595 million) joint takeover offer for the iron ore explorer, ending a four-month fight to control its huge deposit in the Canadian Arctic.
Bullion rebounded on Friday as the euro lost strength despite better-than-forecast debt auctions by Spain and Italy, while purchases from jewellers and investors, which sent premiums for gold bars to two-year highs, offered additional support.
