Translate

Search This Blog

Search Tool




Oct 4, 2010

Gerald Celente Trends & Forecasts : Says It Like It Is! . Oct. 4th., 2010:

MarketWatch: Personal Finance Daily.-How the housing market is like a pet rock. Oct. 4th., 2010

MarketWatch
Personal Finance Daily
OCTOBER 04, 2010

Monday's Personal Finance stories:

Don't miss these top stories:

By MarketWatch





Pending home sales rose by 4.3% in August, the National Association of Realtors said on Monday, and the group's chief economist said that low mortgage interest rates are likely drawing some buyers into the market.

But despite cheap mortgages and cheap homes, the weak economy and lack of consumer confidence will probably keep pricing and sales "stuck in the mud" for the foreseeable future, said Mike Larson, real-estate analyst at Weiss Research.

Even if there has been somewhat of a stabilization in pending sales since the plunge experienced this summer due to the expiration of the home-buyer tax credit, there hasn't been substantial improvement in the housing market, he said.

In fact, in an emailed statement, he compared watching the housing market these days to watching a pet rock: "You keep hoping for it to sit up, roll over, or do something. But it doesn't. It just sits there marking time."

Read more personal finance news in today's pages, including more on pending home sales, a column from Andrea Coombes about what you need to know about ETFs and a Chuck Jaffe piece on mutual-fund tax reform.

The pace of the recovery in home sales depends on job creation and consumer confidence, Lawrence Yun, chief economist of NAR, said on Monday. But economists aren't expecting a decline in the jobless rate when the government releases its monthly report on Friday, meaning we could be watching this pet rock for a while longer.

Amy Hoak , Real Estate writer

ETFs: What you need to know

About $819 billion was invested in U.S. exchange-traded funds at the end of August. Was any of your money there? If not, you may be wondering if you're missing out.
Read story on what you need to know about ETFs.


Traveling while pregnant: tips to stay healthy

Most expectant mothers can travel safely up until the last few weeks of pregnancy, but before you plan that holiday trip to see family or a pre-infant romantic interlude with your husband, take steps to prepare for the unexpected, experts say.
Read story on tips for traveling while pregnant.


Fund investors miscalculate risk

A diversified investment portfolio is the best way to cushion stock-market risk, and loading up on bonds carries its own dangers, says MarketWatch columnist Chuck Jaffe. Interview by Sam Mamudi. Watch video on why fund investors miscalculate risk.

Fund shareholders could see tax relief

At a time when the government can't seem to make a decision about any key tax issue, U.S. lawmakers are on the verge of long-awaited mutual-fund tax reform that could be a real help to individual investors.
Read story on fund shareholders could see tax relief.

U.S.-stock-fund gains buoy investors

U.S.-stock mutual-fund investors got an unexpected surprise in September, helping them forget August's gloom and delivering quarterly gains across all major categories.Read about U.S. stock funds' strong quarterly gains.


Pending U.S. home sales up 4.3% in August

Sales of homes in the U.S. rose 4.3% in August, based on the number of contracts signed.
Read story on pending U.S. home sales rise.




Dollar up from 6-month low versus euro

The dollar rose against the euro and Japanese yen Monday, boosted versus the euro on renewed worries about the impact of the single-currency region's ongoing debt woes.
Read story on U.S. dollar up from six-month low.

New debit card to spell trouble for college kids?

With college students back on campus, many of them are carrying around special debit cards from Higher One. But just how much access should kids have to their student loans? John Wordock and Ann Cates debate this on MarketWatch News Break. Plus, another bank runs into trouble over foreclosures.
Listen to report on debit card trouble for college students.

CNBC : Evenining Brief : Commodities Rally Still Strong, Gold Will Hit $2,000: Rogers



LATEST STORIES


»click here to see the latest top stories from CNBC.com

All-New CNBC Original
CNBC 360 GOLDMAN SACHS: POWER & PERIL
Goldman Sachs has long been home to Wall Street’s best and brightest. Now, this storied institution has found itself the subject of public scorn. Join David Faber as he reports on the king of the financial world, and its tarnished crown. Premieres Wednesday, October 6 at 9:00PM ET/PT
»more info


LATEST VIDEO

»click here to see the latest top video from CNBC.com

RTTNews : Evening Market Wrap.- Stocks Fall Sharply To Open The Week - U.S. Commentary. Oct. 4th., 2010

Evening Market WrapMon Oct 4 17:01 2010  

Commentary

Oct 4, 2010 Stocks Fall Sharply To Open The Week - U.S. Commentary Stocks posted steep losses to open the week on Monday amid a correction following September's sizable run-up. Another round of mixed economic reports may also have contributed to the selling, as pending home sales beat expectations while data on factory orders disappointed. Full Article

Economic News

Oct 4, 2010 Pending Home Sales Increase For Second Straight Month In August With attractive affordability conditions inspiring some buyers to return to the housing market, the National Association of Realtors released a report on Monday showing that pending home sales increased by much more than expected in the month of August. NAR said its pending home sales index rose by 4.3 percent in August following a revised 4.5 percent increase in July. The index had been expected to edge up by 1.0 percent. Full Article
Oct 4, 2010 Factory Orders Falls Slightly More Than Expected In August Factory orders showed a modest decrease in the month of August, according to a report released by the Commerce Department on Monday, with the drop due in large part to a steep decline in orders for transportation equipment. Full Article

Corporate News

Oct 4, 2010 Sanofi-aventis Begins Hostile Bid For Genzyme - Update French pharmaceutical giant Sanofi-aventis (SNY) Monday said it has commenced a tender offer for all outstanding shares of biotechnology company Genzyme Corp. (GENZ) for $69 per share in cash. The offer, unanimously approved by Sanofi's Board of Directors, is scheduled to expire on December 10. The transaction is valued at $18.5 billion. Full Article
Oct 4, 2010 Microsemi Agrees To Acquire Actel For $430 Mln - Update Microsemi Corp. (MSCC), a manufacturer of analog mixed-signal integrated circuits, Monday said it entered into a definitive agreement to acquire Actel Corp. (ACTL) for $20.88 per share through a cash tender offer. The total transaction value is around $430 million, net of Actel's projected cash balance at closing. Full Article
Oct 4, 2010 Boston Properties To Acquire John Hancock Tower Real estate investment trust Boston Properties, Inc. (BXP) agreed Monday to acquire Boston's landmark John Hancock Tower for about $930 million in cash and debt from a partnership of Normandy Real Estate Partners and Five Mile Capital Partners. The iconic 62-story John Hancock Tower has 1.70 million of rentable square footage and is located in the heart of Boston's Back Bay neighborhood. The deal also includes an eight-level, 2,013 space parking garage. Full Article
Oct 4, 2010 Toshiba Introduces Glasses-less 3D TVs Japanese electronic devices maker Toshiba Corp. (TOSBF.PK, TOSYY.PK) Monday announced the introduction of the world's first LCD TVs that offer comprehensive 3D capabilities without any need for dedicated glasses. The company offers the new glasses-less 3D REGZA GL1 series in two models, 20GL1 with a 20-inch panel and 12GL1 with a 12-inch panel. Both TVs, which are specifically designed for personal use, will be available in Japan from December-end. Full Article

Political News

Oct 4, 2010 DNC Raises More Than $16 Million In SeptemberWhile Democrats have not received much good news regarding the upcoming midterm elections, Democratic National Committee communications director Brad Woodhouse said Monday that the party will report raising over $16 million in September, its biggest cash haul so far in the 2010 election cycle. Full Article

F & F I N : Reuters - Daily Investor Update.Wall Street falls as investors book gains. Oct. 4th., 2010






Wall Street falls as investors book gains
U.S. sues Amex; Visa and MasterCard settle
Housing shows stability but factory orders fall
Flash crash panel should review brokers: Gensler
Microsoft shares hit by Goldman downgrade
Obama says fiscal situation "untenable"
Senator Kaufman selected as new top TARP cop
Sanofi launches hostile $18.5 billion bid for Genzyme
BHP's Potash bid backed in report over Chinese foray
Super-rich investors buy gold by ton

NYT : Afternoon Business News .- Japan Recycles Minerals From Used Electronics. Oct. 4th., 2010



business:

Japan Recycles Minerals From Used Electronics

 
By HIROKO TABUCHI
Recent problems with Chinese supplies of rare earths have sent Japanese traders and companies in search of alternative sources.

Cisco Executive Expected to Lead Skype

 
By PETER LATTMAN and ASHLEE VANCE
Tony Bates is expected to assume the top job at Skype as its new owners continue to put their stamp on the fast-growing company after buying it from eBay.

Google TV Announces Its Programming Partners

By CLAIRE CAIN MILLER and BRIAN STELTER
Google has been in talks with the major TV networks and the major cable and satellite distributors, but it announced only a few concrete partnerships on Monday.

Greece Presents Austerity Budget for 2011

By NIKI KITSANTONIS and DAVID JOLLY
The draft sent to Parliament promises to raise more tax revenue while ending public-sector salary cuts.

U.S. Reaches Deal in Credit-Card Antitrust Suit

By THE ASSOCIATED PRESS
The Justice Department has a proposed deal with two of three companies it sued for anticompetitive practices.

FINANCIAL AND FOREX INFO NEWS : WSJ | Markets | Stocks Slump Ahead of Earnings, Jobs Data

 FINANCIAL AND FOREX INFO NEWS

 

Stocks Slump Ahead of Earnings, Jobs Data

Stocks slumped broadly as investors bought up Treasurys and the dollar Monday, awaiting guidance from official jobless numbers and the start of corporate-earnings season later this week.
The Dow Jones Industrial Average fell 78.41 points, or 0.7%, to close at 10751.27, dragged down by a 6.5% tumble at American Express. The card company's steep fall came after the Justice Department filed a civil antitrust complaint against it, saying the rules it imposes on merchants that take its cards are anticompetitive. Rivals MasterCard and Visa settled their charges, limiting losses at those companies to 1% and 0.1%, respectively.
Microsoft was also a major weight on the market, shedding 1.9% after Goldman Sachs cut its stock-investment rating on the company to "neutral" from "buy," saying the tech giant must increase its dividend, develop a "coherent consumer strategy" and boost its cloud-computing business.
"On a day like today, where Microsoft gets downgraded by a major firm, investors are jittery, and they can move the markets up or down either way without a lot of volume," said David Roda, chief executive of Miami-based Roda Asset Management, pointing to low levels of market activity.
About 3.7 billion shares changed hands in New York Stock Exchange composite volume, well below the year's average of just under five billion.
Microsoft's drop, along with a 2.3% decline at Intel, pushed the technology-heavy Nasdaq Composite down 1.1% to 2344.52, while the Standard & Poor's 500-share index shed 0.8% to 1137.03.
Stocks had fallen even more steeply in earlier trading and were able to recoup some of the day's losses in the last minutes of the session.
[stocks1004] Reuters
Traders work on the floor of the New York Stock Exchange Oct. 4.
Traders said while there was no single catalyst for the market's declines, anxiety over European banks and the prospect of further stimulus from the Federal Reserve continued to simmer. Investors were also positioning for Friday's monthly jobs report.
"We're now in this limbo land where the Fed says it stands willing and able to step in, but the economic numbers that we're seeing, like today's, are not bad enough for the consensus to say this will probably stimulate Fed easing," said Mr. Roda, pointing to middling data from the U.S. manufacturing and housing sectors.
While the market's focus is turning to Friday's official jobless number, he said, "the consensus has come down so much that I don't think the number will be too far outside of expectations."
Investors were also looking to strong corporate earnings for confirmation of last month's strong rally, said Adrian Cronje, partner and chief investment officer at Atlanta investment firm Balentine. He is keeping a close eye on whether companies start spending cash from their record balances.
However, Alcoa, which kicks off the third-quarter earnings season on Thursday, fell 2.5% as the materials sector led the day's declines on the S&P 500.
Stocks down slightly, with investors waiting for big news later this week. Genzyme, Sara Lee are rising amid acquisition offers. Treasurys are up on European-related fears. George Stahl, Kristina Peterson and Paul Vigna discuss.
Deal news grabbed investors' attention again on Monday. French drug maker Sanofi-Aventis announced a hostile, $18.5 billion bid for U.S. biotech group Genzyme. Genzyme edged up 0.2%, while U.S. shares of Sanofi-Aventis fell 0.8%. Sanofi approached Genzyme during the summer, but its offer was rejected. Sanofi in a statement on Monday said its conversations with shareholders reveal they are "frustrated" with the U.S. group.
Meanwhile, shares of Sara Lee surged 7.2% after the company rebuffed an unsolicited proposal from Henry Kravis and KKR that could have led to a $12 billion leveraged deal.
In U.S. economic data, August factory orders dropped more than expected, but commercial airplanes drove the decline; excluding transportation, all other factory orders rose. Meanwhile, U.S. pending home sales rose in August more than expected.
As investors sold off stocks, demand for Treasurys increased, sending the yield on the 10-year note down to 2.48%. Crude-oil prices settled down 11 cents at $81.47 a barrel. Gold also edged down, though prices remain above the $1,310 an ounce mark.
The dollar strengthened against both the euro and the yen, pausing after a month-long slide that has dragged the greenback to its lowest point since the beginning of the year. The U.S. Dollar Index, which tracks the dollar against a basket of six currencies, added 0.5%, while the euro fell to $1.3681, down from $1.3784 late Friday in New York.
Write to David Benoit at david.benoit@dowjones.com and Kristina Peterson at kristina.peterson@dowjones.com

NFA : Notice to Members .- Effective Date of Amendments to Bylaw 1301(b) - Assessment of Trades on Foreign Exchanges. Oct.th., 2010


F & F I N : U.S. Stock Markets At Close Snapshot




FROM: FOX BUSINESS


Index Last Change %Change  
DJIA 10,751.42 -78.26 0.72% Hilighted
Nasdaq 2,344.52 -26.23 1.11%  
S&P 500 1,135.92 -10.32 0.90%  
FOX 50 817.99 -6.01 0.73%  
DIJA Chart
 

Gold Mineweb : Physical gold storage space at a premium: old JP Morgan vault re-open. Oct 4th., 2010

Mineweb logo

GOLD     $1,316.00/oz

SILVER  $22.03/oz




 
 

TOP STORIES | Monday , 04 Oct 2010                                                     

Physical gold storage space at a premium: old JP Morgan vault re-opened

Banks are needing to re-open old, and build new, secure storage space for gold and other precious metals as physical investment demand continues to rise.    Monday , 04 Oct 2010

Indonesia reaches agreement with PTNNT on final Batu Hijau gold divestment

If all goes as well as the Indonesian government indicates, Newmont and Sumitomo will shortly complete their PT Newmont Nusa Tenggara divestiture requirements.    Monday , 04 Oct 2010

Central Banks - have they lost control of the Gold Market?

A brief recent history of Central Bank control of the gold market, how they lost it and whether they will regain it.    Saturday , 02 Oct 2010

Proposed Gammon Gold-Capital Gold merger concerns some shareholders

Vanquished would-be Capital Gold suitor Timmins Gold may not yet be out of the running if Gammon Gold detractors have their way.    Monday , 04 Oct 2010

Currency debasement still major force behind gold strength

While some analysts suggest that gold is reaching overbought levels others believe there are still a number of reasons to believe in gold strength    Monday , 04 Oct 2010

Mexican labour board rules strike at Gammon Gold's El Cubo mine illegal

While the Mexico's labour dispute authority ruled there was no legal basis for the strike, miners who have occupied the site, refuse to leave    Monday , 04 Oct 2010

Gold prices have further to climb?

There are not great fundamentals behind this market, but the currency war has taken over. Everyone is trying to devalue their currency and no one seems to win. That helps gold because it's the one currency that can't be devalued.    Saturday , 02 Oct 2010

Trapped Chilean gold/copper miners could be rescued this month

Chile's mining minister confirms rescue drilling ahead of schedule and the ordeal of the trapped miners could be ending before the end of this month.    Saturday , 02 Oct 2010
 

COMPANY RELEASES                                                     

Gold Fields launches debut US$ bond

Latest update on Gabriel's Rosia Montana gold project

Resource Capital Research - Equity Research Report: Junior and mid tier gold companies

MDN: strong gold potential at its Ikungu Project

Silvercorp Annual General Meeting Update

GATA : THE GATA DISPATCH.- Doubt growing about central bank gold reserves. Oct. 4th., 2010

Doubt growing about central bank gold reserves

3p ET Monday, October 4, 2010
Dear Friend of GATA and Gold:
In a wide-ranging interview about the financial markets, Robin Griffiths, market strategist for Cazenove Capital Management, tells Eric King of King World News that central banks probably don't have the gold they claim to have. The interview is 13 minutes long and you can listen to it here:
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/10/2_R...
Over at GoldSeek, market analyst Peter Degraaf writes that the U.S. gold reserve is probably largely sold or leased out. Degraaf's essay is headlined "Gold and Silver -- It Could Well Be A Whole New Ballgame!" and you can find it here:
http://news.goldseek.com/GoldSeek/1286203863.php
Back at King World News, gold-friendly commentary is offered from the dean of market analysts, Richard Russell, whose remarks are headlined "Rising Gold Signals Death Knell for U.S. Dollar":
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/10/4_Ri...
And Eric King's own commentary there finds "Strong, Steady Accumulation in Gold":
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/10/4_St...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

 Join GATA here:
The Silver Summit
Thursday-Friday, October 21-22, 2010
Davenport Hotel, Spokane, Washington
http://www.silversummit.com/

New Orleans Investment Conference
Wednesday-Saturday, October 27-30, 2010
Hilton New Orleans Riverside Hotel
http://www.neworleansconference.com/redirect.php?page=index.html&source_...

* * *
Support GATA by purchasing a colorful GATA T-shirt:
http://gata.org/tshirts
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
http://www.goldrush21.com/
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
http://www.gata.org
To contribute to GATA, please visit:

http://www.gata.org/node/16

The Washington Post Afternoon Edition Most Read Articles: Oct. 4th., 2010

Washington Post

Most Viewed Articles on washingtonpost.com

1) Three men shot and killed in D.C. in separate incidents in 3 days

Three men were fatally shot in three incidents in the District over the weekend, D.C. police said.

2) Can CNN's new hour of politics succeed if the hosts won't bicker?

NEW YORK They are, somewhat self-consciously, an odd couple, the Northern pol and the Southern belle, the prosecutor and the journalist, the man trying to recover from disgrace and the woman graciously forgiving his sins.

3) Redskins' Donovan McNabb is the homecoming king in Philadelphia, but he wasn't alone

Donovan McNabb's strong performance in his return to Philadelphia was hardly a shock. But the Redskins' recovery - especially on defense -- a week after their dismal loss to the lowly Rams was fairly stunning.

4) Health care's second wind

The health care law's reality vs. its parody.

5) Interest-group spending for midterm up fivefold from 2006 many sources secret

Interest groups are spending five times as much on the 2010 congressional elections as they did on the last midterms, and they are more secretive than ever about where that money is coming from.

6) For Georgetown dean, Common Application is part of a larger admissions problem

Gone are the days when students aspiring to America's best colleges agonized over a stack of distinct but largely duplicative forms. This is the age of the Common App, an innovation that saves students time and has the happy side effect of swelling applicant pools, giving schools the illusion of...

7) As Emanuel returns home to run for mayor, some in Chicago say he has a lot to learn

IN CHICAGO On Thursday afternoon, Rob Halpin came to the door of the blue-shingled house he rents from Rahm Emanuel in the leafy North Side of Chicago and politely explained that he couldn't say anything about the outgoing White House chief of staff and incoming mayoral candidate.

8) Failing U.S. transportation system will imperil prosperity, report finds

The United States is saddled with a rapidly decaying and woefully underfunded transportation system that will undermine its status in the global economy unless Congress and the public embrace innovative reforms, a bipartisan panel of experts concludes in a report released Monday.

9) After buying historic home, Md. officials find it wasn't really Uncle Tom's Cabin

In 2006, at the height of the housing bubble, Montgomery County paid $1 million to buy a two-story colonial in North Bethesda with a log cabin jutting out on one side. The house had been on the market only a couple of months, but county officials felt compelled to act quickly: This might be their...

10) U.S. pays as Prudential invests troop death benefits

When Prudential Financial invests the death benefits owed to survivors of U.S. troops killed in battle, the money comes from a source with deep pockets: the federal government.

The Washington Post : Most Viewed Opinions Columns. Oct. 4th., 2010

Washington Post

Most Viewed Opinions Columns

1) Health care's second wind

The health care law's reality vs. its parody.

2) Engineering our own recovery

Almost all job growth comes from new businesses.

3) Glenn Beck is obsessed with Woodrow Wilson and hung up on Hitler. (I'm just saying.)

Glenn Beck, the conservative television and radio host, is an amateur historian. Very amateur.

4) Every war has its limits

Even 'winning' in Afghanistan would include some failures.

5) A new line on democracy

Obama undercuts his foreign policy narrative.

6) Right call on the Black Panthers

THE AMATEUR VIDEO shows two men dressed in the paramilitary-style uniform of the New Black Panther Party, standing outside a Philadelphia polling place on Election Day 2008. One of them wields a nightstick and, according to poll workers, periodically points the weapon at passersby and at times...

7) The Tea Party of big government?

The Tea Party may be the obstacle blocking the way toward a shrunken government

8) The Moynihan feast

On Jan. 9, 1969, Daniel Patrick Moynihan wrote a memo to President-elect Richard Nixon, on whose White House staff Moynihan was to serve. Moynihan wondered whether the disintegration of "private sub-systems of authority" presaged "the ultimate, destructive working out of the telos of liberal thou...

9) Why is he sending them?

What kind of commander in chief sends troops to war announcing a fixed date for their withdrawal?

10) A new beginning for Head Start

RESEARCH SHOWS that early-childhood education helps poor children succeed in school -- but only if it is of high quality. So the Obama administration is right to shake up how Head Start programs are funded . Instead of funneling money in perpetuity to programs with little or no regard to...

Mineweb: Top Stories .- Proposed Gammon Gold-Capital Gold merger concerns some shareholders

Mineweb logo

FEATURED PODCAST                                                     

Gold Fields, copper and the DRC

A look at copper's current strong performance, cashflows in the gold sector and the latest developments in the DRC
 

TOP STORIES | Monday , 04 Oct 2010                                                     

Proposed Gammon Gold-Capital Gold merger concerns some shareholders

Vanquished would-be Capital Gold suitor Timmins Gold may not yet be out of the running if Gammon Gold detractors have their way.    Monday , 04 Oct 2010

Physical gold storage space at a premium: old JP Morgan vault re-opened

Banks are needing to re-open old, and build new, secure storage space for gold and other precious metals as physical investment demand continues to rise.    Monday , 04 Oct 2010

Indonesia reaches agreement with PTNNT on final Batu Hijau gold divestment

If all goes as well as the Indonesian government indicates, Newmont and Sumitomo will shortly complete their PT Newmont Nusa Tenggara divestiture requirements.    Monday , 04 Oct 2010

BHP asks US courts to dismiss Potash Corp lawsuit

BHP argues That Potash Corp's lawsuit offers only implausible, uncorroborated and largely irrelevant speculation, drawn from material in the public record    Monday , 04 Oct 2010

Kumba iron ore workers begin wage strike - Union

More than 6000 workers at Kumba's Sishen, Kolomela, and Thabazimbi operations began a strike on Monday after pay talks collapsed    Monday , 04 Oct 2010

Central Banks - have they lost control of the Gold Market?

A brief recent history of Central Bank control of the gold market, how they lost it and whether they will regain it.    Saturday , 02 Oct 2010

Xstrata's bid for Sphere faces competition from Singapore-based firm - report

Sin-Tang Developments is planning to counter Xsrata's $416m offer for Sphere Minerals a newspaper reported on Monday sending Sphere's' shares up in anticipation of the higher bid    Monday , 04 Oct 2010

Iron ore contretemps in Guinea: Rio risks forfeit of Simandou

The Guinea government appears to be playing hardball with Rio Tinto over what the latter claims is the world's largest undeveloped iron ore deposit.    Sunday , 03 Oct 2010

Mexican labour board rules strike at Gammon Gold's El Cubo mine illegal

While the Mexico's labour dispute authority ruled there was no legal basis for the strike, miners who have occupied the site, refuse to leave    Monday , 04 Oct 2010

Trapped Chilean gold/copper miners could be rescued this month

Chile's mining minister confirms rescue drilling ahead of schedule and the ordeal of the trapped miners could be ending before the end of this month.    Saturday , 02 Oct 2010

Krakatau Steel could sell 3.1bn shares in November IPO

Indonesia's biggest steel maker is hoping to raise as much as $390m in the IPO    Monday , 04 Oct 2010

Indian supreme court allows Sterlite to re-open copper smelter

India's supreme court overturned a ruling by a lower court, allowing Vedanta's Indian unit to reopen the world's ninth largest copper smelter    Friday , 01 Oct 2010

DRC mining ban to be lifted by mid October

The DRC's mines minister said the Friday the country plans to lift its temporary ban on mining in its eastern provinces by the middle of the month after attempting to improve regulation of the sector    Friday , 01 Oct 2010

Gold Fields to issue $1bn bond to repay debt

The Gold miner said Friday it will raise $1bn to repay debt and for general corporate purposes by issuing ten-year bond    Friday , 01 Oct 2010

Weekend Top Story: Near-term commodities outlook no longer bullish; selective opportunities abound

Socgen maintains in its latest Quarterly Commodities Review that while a double-dip in the United States is unlikely, the market is focusing on the possibility of a slide back into recession    Thursday , 30 Sep 2010