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Glencore-Xstrata deal meets shareholder opposition

At least two top 10 shareholders in miner Xstrata plan to vote against a takeover by commodities trader Glencore, threatening the creation of a powerhouse spanning mining, agriculture and trading.

BlackRock's top lawyer to leave company

The top lawyer at BlackRock Inc is leaving the company, a spokeswoman at the global asset management firm confirmed.

Wall St edges higher as Greece draws up bailout terms

U.S. stocks traded edged higher on Tuesday as investors awaited the outcome of discussions on a bailout package for Greece that would help the country avoid a chaotic default.

Global watchdog official says banking reforms must proceed

The underperforming global economy should not be allowed to delay financial system reforms, a senior official at the Financial Stability Board , a global watchdog set up by the Group of 20 nations, said on Tuesday, adding that the FSB will propose new rules on so-called shadow banking by year-end.

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Job openings rise to 3.4 million in December

The number of jobs waiting to be filled rose in December as employers tried to ramp up hiring in factories, retail and business services, the government said on Tuesday.

Wall St edges lower as Greece deal advances

Stocks edged lower at the open on Tuesday as investors awaited the outcome of discussions on a bailout package for Greece from international lenders that would help the country avoid a chaotic default.

Greek unions strike before leaders' talks

Greek party leaders face crunch talks on Tuesday to secure a new international bailout and avoid a chaotic debt default, caught between EU demands that they accept painful reforms now and a national strike against more austerity.

Wall St to open lower with Greece in focus

Stocks were poised for a lower open on Tuesday, indicating equities may fall for a second consecutive session, as talks to secure a new bailout for Greece and avoid an unruly default had yet to produce definitive results.

Nevsun Resources Bisha Output Drop

Canada's Nevsun Resources Ltd expects gold production at its Bisha mine in Eritrea to nearly halve in 2012 due to a cut in its reserve estimate.

German industrial output sees biggest fall since 2009

German industrial output posted its biggest fall in December since the depth of the financial crisis at the start of 2009, the Economy Ministry said on Tuesday, underperforming forecasts by a wide margin.

South Africa Draw a Bead on Mining Executives

South Africa's mines minister said on Tuesday that industry chief executives should be held liable for avoidable fatalities, also raising the possibility of court action.

Centerra Gold's Kyrgyzstan Mine Hit by Strike

Around 1,400 workers at Centerra Gold's flagship mine in Kyrgyzstan went on strike on Tuesday, a trade union leader said, halting production that contributes nearly 12 percent of GDP in the Central Asian republic.

Greek leaders face crunch talks as unions strike

Futures fall with eyes on Greece talks

Stock index futures fell on Tuesday, indicating equities may fall for a second straight session, as talks to secure a new bailout for Greece and avoid an unruly default had yet to bear fruit.

Futures lower with eyes on Greece

Stock index futures fell on Tuesday, indicating equities may fall for a second straight session, as talks to secure a new bailout for Greece and avoid an unruly default had yet to bear fruit.

Glencore-Xstrata deal meets shareholder

At least two top 10 shareholders in miner Xstrata said Tuesday they would vote against a takeover by commodities trader Glencore, threatening the creation of a powerhouse spanning mining, shareholders except Glencore, which is barred agriculture and trading.

Stock index futures signal dip in early trade

Stock index futures pointed to a dip at the open on Wall Street on Tuesday, with futures for the S&P 500 down 0.06 percent, Dow Jones futures down 0.05 percent and Nasdaq 100 futures down 0.05 percent at 5:30 a.m. ET.

Economist Nassim Taleb believes Texas Congressman Ron Paul is the only presidential candidate who can fix America's economic problems

Ron Paul 2012: Are His Supporters Spamming Online Polls?

Texas Congressman Ron Paul is the only 2012 GOP presidential candidate who has not won a primary or caucus while he continues to win each and every online poll by huge margins.

Gold Prices Break 2-Day Fall on Euro Gain, Volumes Light

Gold broke a two-day losing streak on Tuesday on light volume as the euro rose, but sellers matched buyers to keep the price in a narrow range.

Greek hopes prop up euro, results hit shares

The euro was underpinned by hopes a way would be found to push through a second bailout deal for Greece, though poor results from some top European firms on Tuesday rekindled unease about the region's debt crisis, sending shares lower.

Glencore to take over Xstrata for $41 billion

Commodities trader Glencore agreed on Tuesday to buy the remaining 66 percent of miner Xstrata for $41 billion in a record deal to create a powerhouse spanning mining, agriculture and trading.

Greek deal hopes lift euro, shares

The euro and European stock markets edged higher on Tuesday as traders grew hopeful a resolution could be found to enable a second bailout deal for Greece, although poor results for some top European firms rekindled fears about the impact of the crisis.

SEC to propose new rules for money-market funds: report

The Securities and Exchange Commission will unveil proposals aimed at stabilizing money-market funds in the event of another financial panic, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Glencore to buy Xstrata in $90 billion deal

Commodities trader Glencore agreed an all-share takeover of mining group Xstrata worth $90 billion on Tuesday in the industry's largest ever deal, creating a powerhouse spanning mining, agriculture and trading.

Glencore, Xstrata agree $90 billion merger

Glencore and Xstrata agreed an all-share merger worth $90 billion on Tuesday in the industry's largest ever deal, creating a commodities powerhouse spanning mining, agriculture and trading.

Glencore, Xstrata agree to $90 billion merger

Glencore and Xstrata agreed an all-share merger worth $90 billion on Tuesday in the industry's largest ever deal, creating a commodities powerhouse spanning mining, agriculture and trading.

UBS predicts poor Q1 over euro zone woes

Swiss bank UBS warned on its first-quarter performance when posting quarterly profit at the bottom end of expectations after a loss at its investment bank, amid uncertainty around the euro zone, Europe's banking system, and U.S. deficit issues.

Stock gains turn hedge fund losers into winners

Last year's hedge fund losers may be turning into winners again.

BofA investor lawsuit wins class-action status

Investors suing Bank of America Corp won class-action status for their lawsuit accusing the bank of fraudulently misleading them about the 2008 takeover of Merrill Lynch & Co and the size of Merrill's losses and bonus payouts.

Mortgage deal faces setbacks, again

A multi-state mortgage settlement in the works for more than a year will likely be pushed back again as dissident U.S. states continue to press specific concerns and ignore a Monday deadline to decide whether they will sign it.

Exclusive: Facebook governance a concern for Calif pension fund

Facebook's corporate governance rules, which give shareholders little say in how the social networking website would be run as a public company, are raising the hackles of one of the largest U.S. investors, the California State Teachers' Retirement System.

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