Petra Diamonds will be putting up a 507-carat egg-sized diamond on sale this week, which it discovered at its Cullian mine in South Africa. The company is expecting the 100-gram diamond to sell for around $25 million. Originally, analysts had placed the diamond price at around $20 million, but the rising rough diamond prices and higher buyer interest cited for the stone, could raise the diamond's sale price.
The euro languished near one-year lows against the yen on Friday, while commodities and Asian stocks struggled in tepid trade as worries about Greece and the health of the world economy took hold.
A bipartisan agreement on financial regulation reform was close at hand on Thursday in the Senate, with lawmakers working to overcome a key obstacle -- creating a new financial consumer watchdog.
JPMorgan Chase & Co's chief executive said he is in no hurry to raise the bank's dividend due to an economy that he warned could still be threatened by a double dip scenario.
Celebrity real estate developer Donald Trump, optimistic about a casino comeback, took the stand in U.S. bankruptcy court on Thursday to fight for control of the three Atlantic City hotel-casinos bearing his name.
The Federal Reserve expects the largest U.S. banks to make progress this year in overhauling their pay practices, while acknowledging that more dramatic changes may take longer to implement, a Fed official said on Thursday.
President Barack Obama made a last-ditch bid to save his stalled healthcare reform on Thursday, clashing frequently with Republican leaders at a bipartisan summit and moving no closer to a compromise.
Gap Inc posted a 45 percent rise in profit during its holiday quarter, helped by fewer discounts and improved sales in all divisions, and gave a 2010 profit forecast that beat Wall Street's estimates.
President Barack Obama and Republicans clashed frequently on Thursday at a summit on his stalled healthcare overhaul, battling over the size and cost of the proposal and moving no closer to a compromise agreement.
Securities regulators said on Thursday they are examining the potential abuses and destabilizing effects of credit default swaps, a financial instrument that can be used to speculate on an issuer's credit worthiness.
The White House said on Thursday it was still committed to banning risky trading by banks under the so-called Volcker Rule, after Federal Reserve chairman Ben Bernanke appeared to pour cold water on the idea.
The White House said on Thursday it was still committed to banning risky trading by banks under the so-called Volcker Rule, after Federal Reserve chairman Ben Bernanke appeared to pour cold water on the idea.
The Australian Dollar opens lower today at 0.8860. During the domestic session on Thursday the unit hit a high of 0.8950 after the announcement of a 5.5 per cent advance in local fourth quarter capital expenditure.
Stocks recovered most of their losses but ended lower on Thursday after weak employment and durable goods data added to recent worries about the strength of the economic recovery.
India's food inflation based on wholesale prices rose to 17.58 percent in the twelve months to February 13. According to official figures by country's commerce ministry, primary articles price index was up 15.84 percent for the same period while fuel price index was up 9.89%.
The first ever Africa-India Economic Mission on Agro-Industry to Hyderabad aims to foster partnerships between Africa and India in agricultural research, soil and water conservation and management, biofuels, fresh produce management, knowledge parks, seed value chain and equipment.
U.S. stocks recovered most of their losses but ended lower on Thursday after weak employment and durable goods data added to recent worries about the strength of the economic recovery.
Stocks recovered most of their losses but ended lower on Thursday after weak employment and durable goods data added to recent worries about the strength of the economic recovery.
Demand for a wide range of U.S. manufactured goods unexpectedly fell in January, while new applications for jobless benefits rose again last week, the latest data to suggest a step back in the economy's recovery.
U.S. regulators are probing how Wall Street firms like Goldman Sachs helped debt-stricken Greece arrange derivatives deals that critics say were used to disguise the size of its budget deficits.
U.S. stocks fell on Thursday but were off session lows after weak employment and durable goods data added to recent worries about the strength of the economic recovery.
A group of 15 U.S. senators on Thursday insisted that China's currency practices are effectively a subsidy, and urged Commerce Secretary Gary Locke to take action. There can be no doubt that China's policy of large-sale intervention in the exchange markets and the significant undervaluation of its currency acts as a subsidy to Chinese exports, the senators said in a letter.
The euro reversed losses against the U.S. dollar on Thursday and touched a peak for the session so far as U.S. stocks cut declines in afternoon trading. The euro hit a high of $1.3571 and was last changing hands at $1.3555, up 0.1 percent on the day, as the three main benchmark U.S. stock indexes pared declines.
Demand for a wide range of U.S. manufactured goods unexpectedly fell in January, while new applications for jobless benefits rose again last week, the latest data to suggest a step back in the economy's recovery.
Wall Street pared losses on Thursday as materials and healthcare sectors edged off session lows and worries eased about the strength of an economic recovery.
U.S. stocks suffered their biggest drop in three weeks on Thursday after weak employment and durable goods data added to recent worries about the strength of the economic recovery.
Whether it's a career or a meal, we want to choose. Exercising control feels good. It defines who we are. It's what creates our lives.
A fixed-income trading boom fueled profits across Wall Street last year and is sparking hiring this year, recruiters say, as banks hope for a repeat performance in 2010.
Apple Inc Chief Executive Steve Jobs holds his annual face-to-face meeting with shareholders on Thursday, and there will be no shortage of questions for a company famously stingy with information.
The U.S. stock market declined Thursday on news of Greece woes and a disappointing unemployment claims report.
