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Breaking News Fri, 30 Jul 2010
An unidentified man stands near a gas flare belonging to the Agip Oil company in Idu Ogba, Niger Delta area of Nigeria, Wednesday, Feb. 1, 2006. OPEC and the European Union agreed in Vienna Wednesday to maintain a close "energy dialogue," stressing the importance of working together to help stabilize and secure the world's oil markets. Edmund Daukoru, Nigeria's oil minister and president of the Organization of Petroleum Exporting Countries, met with Martin Bartenstein, the energy minister of Austria, which holds the EU's rotating presidency. In a statement, the EU presidency said both reaffirmed the need to stay in close touch on energy issues.
(photo: AP / George Osodi)
Trying to Spread Africa's Wealth
The New York Times
| NICE — In years past, Africa was always the outsiders’ cornucopia, the font of gold and diamonds, slaves and minerals, cotton and rubber and, more latterly, oil. | These days, the continent’s riches draw a new cast of prospectors and predators, but the question is the same: who b...
HQ of the Deutsche Bank (centre)
(photo: Creative Commons / mattingham)
Deutsche declines comment on talk of aluminium ETF plan
Mining Weekly
| LONDON – Deutsche Bank on Friday declined to comment on market talk that it will launch a physically-backed aluminium exchange traded product (ETP) by the end of this year. | Metal traders told Reuters this week that the German Bank was preparing to follow the world's top aluminium producer, Ru...
Market Report: Nerves jangle over report into Shire's ADHD drug
The Independent
| Shire lost ground last night amid nervousness about American studies looking into the safety of the company's attention deficit hyperactivity disorder (ADHD) drugs. | American regulators are looking to into concerns over potential heart risks from ...
The Web's New Gold Mine: Your Secrets
Wall Street Journal
By JULIA ANGWIN | Hidden inside Ashley Hayes-Beaty's computer, a tiny file helps gather personal details about her, all to be put up for sale for a tenth of a penny. | The file consists of a single code— 4c812db292272995e5416a323e79bd37—t...
Baja Mining gets key approvals for Mexico project finance
Mining Weekly
| TORONTO (miningweekly.com) – Vancouver-based Baja Mining has received credit approvals from two key lenders providing finance to build its Boleo copper/cobalt/zinc mine, the firm said this week. | Credit approvals were received from the Export-Im...
Beating the Herd on the Street
Wall Street Journal
By BEN LEVISOHN | The market has been behaving strangely recently, with stocks moving in virtual lockstep with one another. | But that isn't likely to last forever, and some investors are setting up trades designed to benefit when the market returns ...
Eco-disasters up by 98% in China
Gulf News
| Beijing: China, the world's largest polluter, said the number of environmental accidents rose 98 per cent in the first six months of the year, as demand for energy and minerals lead to poisoned rivers and oil spills. | "Fast economic deve...
Specialist Damen Watson, center, works at the post on the floor of the New York Stock Exchange that handles MasterCard
AP / Richard Drew
GLOBAL MARKETS-Stocks, dollar ease on weak U.S. durable goods
The Guardian
* World stocks dip, but on Wall St, Dow up at midday * Dollar drops vs yen after U.S. durable goods report * Bonds flat to down ahead of 5-year note auction * Oil drops below $77 a...
Arcelor Mittal steel mill in Galai With a GDP of around $264 billion and a GDP per capita (PPP) of $12,285[144] estimated for 2008, Romania is an upper-middle income country economy[145] and has been part of the European Union since January 1, 2007
Creative Commons / Helmi Sto Dromo
Arcelor makes Q2 net income of $1.7 billion
Herald Tribune
| BRUSSELS, Belgium - ArcelorMittal SA, the world's biggest steelmaker, said Wednesday a jump in sales and prices helped it generate net income of $1.7 billion in the second quarte...
Gold bangles-Metal-India
WN / Sayali Santosh Kadam
Gold tumbles again
The Times Of India
GOLD: Gold recovered a little from previous day losses rose above $1,160 an ounce in Europe today but could not hold at this level and again tumbled to 12-week low to 1156.90 as pr...
Metals
HQ of the Deutsche Bank (centre)
(photo: Creative Commons / mattingham)
Deutsche declines comment on talk of aluminium ETF plan
Mining Weekly
| LONDON – Deutsche Bank on Friday declined to comment on market talk that it will launch a physically-backed aluminium exchange traded product (ETP) by the end of this year. | Metal traders told Reuters this week that the German Bank was preparing to follow the world's top aluminium producer, Russia's UC RUSAL, which has said is considering an ...
Markets
German Chancellor Angela Merkel, left, listens as Chinese Premier Wen Jiabao speaks during a press conference at the Great Hall of the People in Beijing, China, Friday, July 16, 2010.
(photo: AP / Ng Han Guan)
China finds a friend in Germany
Asia Times
|      Jul 31, 2010 China finds a friend in Germany | By Jian Junbo | SHANGHAI - China and Germany are moving toward a closer and friendlier partnership, a process that seemed highly unlikely just three years ago and which could provide Beijing with an influential ally on the world stage. | In mid-July, German Chancellor Angela ...



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