Crocodile Gold Corp reported a quarterly loss, hurt partly by higher costs, and lowered its production forecast for 2011.
Stocks rose at the open on Friday as debt-laden Italy moved to implement tough austerity measures crucial to avoid a euro zone meltdown.
Oil -- the lifeblood of the global economy and a critical factor in the growth of U.S. gross domestic product -- is set Friday to close its longest stretch of weekly gains in more than two years, a counterintuitive trend that belies certain economic fundamentals.
Zambia's new government unveiled an expansive 2012 budget on Friday, with big increases in social spending and farming subsidies to be paid for by a rise in mineral royalties and a debut $500 million Eurobond.
Chinese banks wrote 587 billion yuan ($92.5 billion) of new loans in October, much more than expected and a sharp jump from September, evidence of selective policy easing by the government to keep the world's second-largest economy on an even keel.
Stocks were poised for a higher open on Friday as debt-laden Italy moved to implement tough austerity measures crucial to avoid a euro zone meltdown.
Gold producer Centamin Egypt Ltd said it plans to set up a new parent company, to be redomiciled in Jersey, that it hopes will attract further international investor interest.
Canadian gold miner IAMGold is on the lookout for acquisitions and could put itself up for sale, its chief executive said on Friday, adding economic uncertainty could drive bullion above $2,000 per ounce.
Italy's parliament is rushing through austerity measures demanded by the European Union to avert a euro zone meltdown, after U.S. President Barack Obama ratcheted up pressure for more dramatic action from the currency bloc.
Gold is returning to its traditional role as a safe-haven investment and starting to break its recent link with the stock market, UBS strategist Edel Tully said Friday.
The UK economic outlook for 2012 does not look bright.
Diplomatic deadlock is curbing China's will to provide cash to help end the euro zone crisis after Europe spurned the simplest of Beijing's three key demands, two independent sources have told Reuters.
Cyprus said on Friday it would help its Greek-exposed banks to boost their capital if their own efforts fall short, but acknowledged that its capacity to assist was constrained by the country's own fiscal difficulties.
Stock index futures rose on Friday with markets hopeful that debt-laden Italy will implement tough austerity measures crucial to avoid a euro zone meltdown.
Stock index futures rose on Friday with markets hopeful that debt-laden Italy will implement tough austerity measures crucial to avoid a euro zone meltdown.
Stock index futures pointed to a higher open on Wall Street on Friday, with futures for the S&P 500 up 0.6 percent, Dow Jones futures up 0.4 percent and Nasdaq 100 futures up 0.7 percent at 0924 GMT (4:24 a.m ET).
Gold prices edged up Friday as a bump in sentiment about the Eurozone crisis encouraged a move into stocks and the continent's single currency.
The astronomically-high levels of interest short-sellers are giving shares of Groupon puts the company among the top 10 publicly-traded firms 'shorts' are betting against. That, most definitely, can't be good for Groupon.
Chinese banks wrote 587 billion yuan ($92.5 billion) of new loans in October, much more than expected and a sharp jump from September, evidence of selective policy easing by the government to keep the world's second-largest economy on an even keel.
Asian shares rebounded on Friday and the euro clawed higher, with European stocks also expected to make gains after brighter corporate news lifted U.S. stocks and debt-laden Italy was able to fund itself at a bond auction.
Spanish telecoms giant Telefonica stuck to shareholder return targets on Friday, despite a challenging operating environment which saw profit fall a more-than-expected 69 percent in the first nine months of the year.
European shares rose on Friday while the euro held onto modest gains as investors bought beaten-down riskier assets, with markets focused on whether debt-laden Italy could implement tough austerity measures crucial to avoid a euro zone meltdown.
Asia Pacific countries pressed Europe on Thursday to act more forcefully to quell its debt crisis, setting the tone for a summit overshadowed by growing alarm over the fallout from euro-zone upheaval.
Sitting in China's copper and steel warehouses is a hidden risk to the world's second-largest economy -- banks' indirect exposure to a property market that is showing signs of stress.
Sitting in China's copper and steel warehouses is a hidden risk to the world's second-largest economy -- banks' indirect exposure to a property market that is showing signs of stress.
Treasury Secretary Timothy Geithner pressed Europe on Thursday to act more forcefully to quell its debt crisis, setting the stage for an Asia-Pacific summit overshadowed by euro-zone upheaval.
IntercontinentalExchange Inc on Thursday added its voice to an anguished chorus of commodity traders calling for MF Global's bankruptcy court to release billions of dollars in cash frozen in their accounts.
Lenders plan to meet Japan's scandal-hit Olympus Corp as early as next week to negotiate more security over their loans as the company moves to the brink of delisting from the stock market, the Nikkei newspaper said Friday.
Despite recent bankruptcy filings by Alabama's Jefferson County and Pennsylvania's Harrisburg, heading to court for debt relief is expected to remain a last resort for financially stressed local governments.
Italy moved closer to a national unity government on Thursday, following Greece's lead in seeking a respected veteran technocrat to pilot painful economic reforms in an effort to avert a euro zone bond market meltdown.
