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HSBC Shows Cost of Emerging Market Success

HSBC Holdings, Europe's biggest bank, said paying rising wages in Brazil, China and other emerging market is the price of avoiding the slowdown being felt by most of its rivals as it posted the largest 2011 profit by a western bank.
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European Stocks Gain on Greek Deal Optimism

European stocks opened on a positive note Wednesday, following gains on Wall Street overnight and in Asia on reports that Greece was close to reaching an agreement needed to qualify for a second bailout.
Gold

Randgold Resources Sees Growth Potential in Congo

Randgold Resources is pointing to Congo as the next area to fuel growth for the gold sector, eyeing prospects similar to those of booming West Africa as the miner nears production for Kibali, potentially one of Africa's largest gold mines.
FTSE rises as China data lift miners, UK data eyed

European Stocks Rise to Six-Month High

European stocks were up around midday on Friday, hitting a six- month high as investors cheered data that hinted the euro zone may avoid slipping back into recession, eclipsing a disappointing start to the earnings season.
Asian Stock Market

Asian Shares, Euro Fall Ahead of U.S. Jobs Data

Asian shares and the euro fell on Friday as debt restructuring talks between Greece and its creditors dragged on, undermining sentiment, and investors sat tight ahead of U.S. jobs data that will offer more clues on the health of the world's top economy.
Asian Stocks

Asian Shares Recover on Greek Debt Hope

Asian shares and the euro rose on Tuesday after Greek Prime Minister Lucas Papademos raised hopes that a deal would be reached this week to avoid a potentially chaotic debt default, but worries over Portugal's refinancing ability capped gains.
A Lloyds bank branch sign is seen in the City of London

FTSE Close Lower as Bank Shares Lead Retreat

Weakness in banks and commodity stocks dragged Britain's leading share index lower on Monday as the protracted search for a Greek bond deal and concerns about economic growth kept investors nervous.
Trader reacts at his desk in front of the DAX board at the Frankfurt stock exchange

European Shares Gain on Fed Promise of Low Interest Rates

European shares rose on Thursday, halting two-days of losses, after the U.S. Federal Reserve said interest rates would remain low for a considerably longer period than expected and it is ready to offer additional stimulus to boost economic growth.
Asian Stocks

Asian Markets Rise on Federal Reserve Rate Outlook

Equities, commodities and the euro extended gains Thursday after the U.S. Federal Reserve said it would keep interest rates low for a much longer-than-expected period, providing ample liquidity to help spur growth.
Asian Stocks

Asian Shares Rise as Focus Turns from Greece to Fed

Asian shares rose on Wednesday, underpinned by strong earnings from U.S. technology giant Apple, stabilizing European money markets and falling eurozone debt yields, with investors shifting their focus from Europe to the U.S. Federal Reserve.
The highest index on the DAX board is pictured at the Frankfurt stock exchange

European Stocks Hit Highest Level Since August

European stocks hit their highest close since early August on Monday, with euro zone banks gaining sharply following a report that France and Germany were calling for a relaxation of global bank capital rules to prevent a credit crunch.
Prokhorov

Prokhoroz Sees Nod for Gold Listing

Billionaire Mikhail Prokhorov, challenging Vladimir Putin for the Russian presidency, sees no risk to his vast business interests from his foray into politics and expects to list his gold business in London soon.
FTSE rises as China data lift miners, UK data eyed

Nord Gold to be Listed in London - Severstal

Russian steelmaker Severstal said on Monday that a planned London listing of its Nord Gold mining unit would proceed after investors representing 10.6 percent of the share capital in the business participated in a share swap.

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