INVESTMENT

Mixed Data Sparks Doubts on Economic Momentum

U.S. consumer spending growth slowed in October and business capital investment plans were weak, raising questions about expectations for solid economic performance in the fourth quarter.
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Former CEO of Olympus Corp Woodford is seen through a space between the television camera crew at Narita International Airport

Olympus ex-CEO lands in Tokyo for showdown

Former Olympus Corp CEO turned whistle-blower Michael Woodford touched down back in Tokyo on Wednesday for a meeting with investigators probing one of Japan's biggest accounting scandals and a showdown with the board that threw him out.
Wind power

Renewable Energy Becoming Cost Competitive, IEA Says

Renewable energy technology is becoming increasingly cost competitive and growth rates are in line to meet levels required of a sustainable energy future, the International Energy Agency (IEA) said in a report on Wednesday.
Former CEO of Olympus Corp Woodford is seen through a space between the television camera crew at Narita International Airport

Olympus ex-CEO lands for showdown, says police can

Former Olympus Corp CEO turned whistle-blower Michael Woodford touched down back in Tokyo on Wednesday for a meeting with investigators probing one of Japan's biggest accounting scandals and a showdown with the board that threw him out.
Former CEO of Olympus Corp Woodford is seen through a space between the television camera crew at Narita International Airport

Olympus Ex-CEO Woodford: Tokyo Police Can Get to Truth

Former Olympus Corp CEO Michael Woodford said on Wednesday that Tokyo police were best able to get to the truth behind one of Japan's biggest accounting scandals, as speculation mounts of possible links to organised crime.
The Bank of Korea, South Korea's central bank, for the second time this year, raised its holdings of gold in November as part of measures to diversify its portfolio of foreign exchange reserves. In a statement on Friday, the Bank of Korea said it purchase

Gold Rebounds Amid U.S., Eurozone Debt Crisis

Gold prices have recouped its losses as the failure of the U.S. congressional committee to reach a deal on reducing the budget deficit and the ongoing eurozone crisis brought back the bargain hunters.
Man looks at an electronic board displaying stock prices outside a brokerage in Tokyo

Global Stocks Hit 6-Week Low

World stocks hit their lowest in six weeks on Wednesday and crude prices fell after and manufacturing in regional heavyweight Germany contracted for a second straight month in November, and at a faster rate, as export demand slumped.
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China Factory Activity Slumps to 32-Month Low

Chinese factories battled with their weakest activity in 32 months in November, a preliminary purchasing managers' survey showed, reviving worries that China may be skidding toward an economic hard landing and compounding global recession fears.
California Republican gubernatorial candidate Meg Whitman speaks to supporters during her election night loss in Los Angeles

Whitman's top job: restore HP credibility, jumpstart growth

Hewlett Packard's new Chief Executive, Meg Whitman, passed her first test with investors, calming nerves and assuring Wall Street that the technology giant will be disciplined with its investments and focused on core operational improvements.
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Peru OKs Newmont Mining's Environment Plan for Conga

Peru's government said on Tuesday the environmental impact plan for Newmont Mining's $4.8 billion Conga gold project was basically sound, seeking to reassure neighbors that the proposed mine would not pollute their water supplies.
Netflix

Netflix Shares Hits 52-Week Low as Wheels Come Off Web 3.0 Party Wagon

The collapse in Netflix's valuation is part of a wider wave of grievous losses being felt by shares of companies focused on virtual commerce. After riding a surge of investor enthusiasm to valuation peaks in mid-summer,companies like Netflix and Travelzoo had nowhere to go but down. Short-sellers, chomping at the bit to make bets against the stocks' heady fundamentals, are not exactly helping.
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Anglo Asian Mining Sees Gosha Mine Output by '13

Anglo Asian Mining plans to produce first gold from the Gosha mine in Azerbaijan in the first half of 2013 after the successful launch of production at the neighbouring Gedabek mine, the company said on Wednesday.
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Canada oil sector must keep cleaning up act: Prentice

The U.S.-imposed delay of TransCanada Corp's Keystone XL oil pipeline shows Canada's energy industry cannot relax efforts to improve its environmental record, a former top minister in Prime Minister Stephen Harper's government said on Monday.

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