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West Africa-focused Avocet Mining Aims for FTSE 250 in March

West Africa-focused gold producer Avocet Mining expects to enter the FTSE 250 index in the March reshuffle and tap investment from index tracking funds.

Google to invest $300 million in Hong Kong data center

Google Inc said it will invest $300 million in its Hong Kong data center, due to come online in early 2013 after the company broke ground on Thursday.

Wall Street falls after comments from ECB head

Stocks fell on Thursday after remarks from European Central Bank President Mario Draghi tempered hopes policymakers were priming a much-anticipated financial bazooka to tackle Europe's raging debt crisis.

Exclusive: EU bank capital hole deepens to 115 billion euros

Europe's banks are being told to increase their capital by a total of 114.7 billion euros, more than predicted two months ago, to make them strong enough to withstand the euro zone debt crisis, two financial sources told Reuters on Thursday.

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Ghana Gold Town Yet to See Gains

Tucked away in Ghana's southern Ashanti region, Obuasi has all the trappings of a gold-rush town, including a statue of a miner painted in gold and a huge conveyor belt crisscrossing the city centre. But while rows of neat miners' cottages show some local gain from a commercial mining industry dating back to the 19th century, many of its residents complain they have yet to feel the full benefit of the riches buried beneath their feet.

IBM ‘s DemandTec Buy to Contest Oracle, SAP

IBM, the No. 2 computer giant, said it plans to acquire e-commerce specialist DemandTec for $440 million to beef up its retail and marketing software services.

First Colombia Gold Closer to Owning South Idaho Silver Project

First Colombia Gold Corp. moved closer to gaining sole ownership of the 160-acre South Idaho Silver Project, the company said Thursday.

Teranga Gold Cuts 2011 Gold Production Estimate

Teranga Gold Corp. expects its fourth-quarter fold production to be lower than expected and more costly than expected, causing its full-year output to be 130,000 ounces to 135,000 ounces rather than the 140,000 ounces previously expected.

ECB cuts rates as France, Germany press for EU deal

The European Central Bank acted to soften a looming recession and avert a credit crunch in the debt-plagued euro zone by cutting interest rates on Thursday as European Union leaders prepared for a crucial summit.

Kirkland Lake Gold's 2Q Profit Rises

Gold miner Kirkland Lake Gold Inc posted higher second-quarter profit helped by a rise in gold production and prices.

Corzine apologizes for collapse of MF Global

Former MF Global chief Jon Corzine apologized to customers, employees and investors who have suffered because of the brokerage firm's collapse, but said he does not know where missing customer money is.

Stock futures flat as euro zone summit looms

Stock index futures were little changed on Thursday after investors pushed up stocks for three straight sessions, betting leaders come up with a solution to euro zone debt crisis at an upcoming summit.

Alibaba seeks $4 billion financing to buy stake held by Yahoo

Alibaba Group is seeking up to $4 billion in debt financing, sources familiar with the matter said on Thursday, in a deal expected to help the Chinese e-commerce giant buy back a 40 percent stake in the company owned by Yahoo Inc.

A trader reads a newspaper on the floor of the New York Stock Exchange in New York

Stock Futures Dip, Spotlight on European Summit

Stock index futures dipped on Thursday after three straight winning sessions as investors bet leaders at a euro zone summit will come up with a solution to the region's debt crisis.

Insight: Credit noose tightens slowly in central Europe

For Hungarian businessman Ervin Majdan, membership of the European Union used to be a one-way ticket to prosperity.

Gold, Currencies, Stocks Quiet Ahead of Critical Summit

Gold prices, like global stocks and major currencies, hardly moved Thursday as investors waited to see if Europe would manage to stanch its debt crisis and avoid a recession, or worse.

ECB to cut rates as focus on bond buys intensifies

The ECB is expected to cut rates and unveil a new package of bank aid on Thursday, with markets also watching for any hint it will intensify its bond buying support for the bloc's struggling periphery, setting the stage for a critical euro zone summit.

Futures signal early dip

Stock index futures pointed to a dip at the open on Wall Street on Thursday, with futures for the S&P 500 down 0.16 percent, Dow Jones down 0.17 percent and Nasdaq 100 down 0.06 percent at 5:30 a.m. ET.

Stock futures signal early dip

Stock index futures pointed to a dip at the open on Wall Street on Thursday, with futures for the S&P 500 down 0.16 percent, Dow Jones down 0.17 percent and Nasdaq 100 down 0.06 percent at 5:30 a.m.

Hopes for ECB rate cut underpin world stocks

World stocks nudged up and the euro held its ground on Wednesday as a crucial period for the euro zone began, with investors expecting the bloc's central bank to cut rates and its leaders to agree a plan to solve the region's debt crisis.

Gold Recycling Rises in India Due to Price Rise

Gold recycling gained pace in India as consumers preferred to cash in on prices at a week high, which deterred physical traders from placing fresh orders as wedding buying tapered off.

European stocks rise ahead of ECB meeting

European stocks rose while bonds and the euro were mostly steady on Thursday ahead of a European Central Bank meeting that is expected to cut interest rates, the first act in two crunch days for efforts to quell the euro zone's debt crisis.

A man fills up the tank of a car at a petrol station in Tripoli

Crude Oil Prices up Ahead of EU Summit

Crude oil prices advanced in Asian trade on Thursday ahead of long-awaited crucial European Union (EU) summit on the regional debt crisis.

Japan: not aware of IMF $600 billion euro zone aid plan

A Japanese government official said on Thursday he had not heard of a reported $600 billion IMF lending facility to help the euro zone, although Japan would consider providing bilateral loans to the Fund if warranted by developments in Europe.

Many words, little action in consumer agency debate

The answer to the Final Jeopardy! question of who will be the first director of the Consumer Financial Protection Bureau will not become known on Thursday.

Analysis: Asia's economy heading for yo-yo year in 2012

Asia's economic growth looks set to stumble over the next few months, prompting a flurry of interest rate cuts and a spike in stimulus spending that may ultimately pave the way for a strong recovery in the second half of 2012.

MF Global trustee must prove disinterestedness

Bankruptcy Judge Martin Glenn said he needs more information from James Giddens, the trustee winding down bankrupt brokerage MF Global , to determine if Giddens has a conflict of interest in the case.

UAW won't name foreign auto organizing target

The United Auto Workers union has decided it will not identify an organizing target among foreign automakers with U.S. operations, a shift in strategy in a campaign that union leadership sees as central to its survival.

THQ cuts third-quarter sales forecast

THQ Inc cut its fiscal third-quarter sales forecast by 25 percent as the game maker said one of its products was not selling as well as expected, and its shares fell in after-hours trading.

Nokia looks to sell its luxury subsidiary: FT

Nokia is to sell its luxury subsidiary Vertu, as the Finnish handset manufacturer overhauls its business in an effort to compete with other smartphone makers, the Financial Times reported on Thursday.

Analysis: Wanted: Private equity high-flyers in growth areas

Private equity firms, facing shrinking asset values and tough financing conditions, are trimming staff in mature markets, but are also looking to hire in growth areas so that they deliver the returns investors seek.

France and Germany seek support for crisis plan

France and Germany are to sound out conservative European leaders on Thursday about their plan to defuse the euro zone's debt crisis, eager to rally support before a high-stakes EU summit.

U.S. targets mortgage servicers for poor performance

The Obama administration said on Wednesday it will keep the pressure on two big U.S. banks to help more troubled borrowers from losing their homes by withholding payments to the banks under a foreclosure-prevention program for the third straight quarter.

Wall St edges up with eyes on EU summit

Hopes the euro zone will figure out a solution to its ongoing debt crisis inspired enough buying to push stocks to a third day of gains on Wednesday in light trading.

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