INVESTMENT

Richard D. Kinder, Chairman and Chief Executive Officer of Kinder Morgan Energy Partners LP addresses the Reuters Energy Summit

Kinder Morgan's upsized IPO raises $2.86 billion

Pipeline company Kinder Morgan Inc sold more shares and priced them above the expected range, an underwriter said on Thursday, raising about $2.86 billion in the largest U.S. energy initial public offering since 1998.

Starbucks CEO invests in Groupon, gets board seat

Daily deals website Groupon said on Thursday that Starbucks Corp Chief Executive Howard Schultz had joined its board of directors and that his venture capital firm had taken a stake in the company.

China energy firms' gas acquisitions

PetroChina (0857.HK)(PTR.N) agreed to pay C$5.4 billion ($5.4 billion) for half of Encana's Cutbank Ridge shale gas project, marking the largest Chinese investment in a foreign gas asset.

Treasury intensely focused on China's yuan

The Treasury will remain intensely focused on correcting China's substantially undervalued yuan despite a decision not to name Beijing a currency manipulator, a senior Treasury official said on Thursday.
More news
Brazil's FM Mantega speaks during a news conference in Brasilia

Brazil doubles budgetary cuts

The Brazilian government plans to cut the federal budget by about $30 billion in 2011, which is more than double the budgetary cut last year, said a media report on Thursday.
diamond

Zimbabwe diamond, coal exploration fees soar

Zimbabwe has drastically increased exploration fees for diamonds and coal, in an effort to discourage companies from speculating on mining claims, state media reported on Wednesday.
Bond Yield Changes

Can 2011 be worse for bonds than 1994?

While 1994 was dubbed as the worst year for fixed income investors, we believe that the next twelve months could be even worse

House panel chief sees no future in new $53 bln high-speed rail plan

The White House unveiled plans to spend $53 billion over the next six years on bringing high-speed rail service to 80 percent of Americans within 25 years, though House Transportation Committee chairman John Mica and Railroads Subcommittee chairman Bill Shuster expressed reservations over its future benefit.
Retail Stocks

Inflation - Retail Friend or Foe?

Robert W. Baird forecasts inflation to upswing during the course of 2011, while inflation overall is expected to remain rather benign by historical standards. The brokerage said food and gasoline are among the items poised to see upward price pressure this year.
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ID theft down 28 percent in U.S. in 2010: Survey

The number of victims of identity theft dropped by more than a quarter in the U.S. last year, the largest annual fall on record, but individual victims lost more money on average than ever before.
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Canada finance watchdog sets Facebook/Twitter rules

Canadian regulators are proposing new guidelines to govern how investment dealers advertise and communicate with clients on popular social media such as Facebook, Twitter and blogs.
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Gold jumps 1 percent, speculators cover positions

Gold rose more than 1 percent on Tuesday to $1,367.60 an ounce as traders covering short positions in the New York futures market pushed spot prices through key resistance at the metal's 100-day moving average.
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Kenyan agricultural stocks to weather drought

High international commodities prices and a weakening shilling against the dollar are expected to cushion Kenyan listed agricultural stocks from inflationary pressures and the effects of a biting drought, analysts said.
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Kenya's Centum to tap booming property market

Kenya's Centum Investment Co is poised to tap the booming property market in east Africa to meet the growing demand of the bulging middle class, its chief executive officer said on Tuesday.
Port Louis

Ireland Blyth H1 pretax profit down 68 percent

Mauritian holding company Ireland Blyth said it still expected improved full-year results, when posting a 68 percent fall in first-half pretax profit on Tuesday.
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Pre-Market NASDAQ Movers (CNXT, HRLY, XIDE, VICL, MOTR, AEY, PNNT, BBEP, ALLT, GLUU)

The top pre-market NASDAQ stock market gainers are: Conexant Systems, Herley Industries, Exide Technologies, Vical, and Motricity. The top pre-market NASDAQ stock market losers are: ADDvantage Technologies Group, PennantPark Investment, Breitburn Energy Partners, Allot Communications, and Glu Mobile.
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Newmont sees African gold output doubling by 2015

Newmont Mining Corporation (NEM.N) expects to more than double its African gold production to 1.2 million ounces by 2015, driven by its projects in Ghana, a senior executive said on Tuesday.
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Gold edges up, shrugs off China rates

Gold inched higher on Tuesday as equities fell, the euro picked up and flows of metal out of exchange-traded funds stabilized, although a rise in Chinese benchmark rates limited gains.
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BG profits rise on higher prices, boosts div by 10 pct

British gas producer BG Group Plc posted a rise in quarterly profit helped by higher commodity prices and a lower exploration charge and the company lifted its full year dividend by 10 percent to 21.60 cents a share.

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