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Analysts said Monday that the increase in oil prices will have no lasting impact on the global economy recovery, thus expecting the latter to be sustained. Light, sweet crude slightly dropped 42 cents to settle at $112.37 a barrel at late afternoon Singapore time in a global electronic trading session on the New York Mercantile [...]

Minmetals Resource, the Honk Kong unit of the largest metal trader in China, plans to purchase Equinox Minerals for $6.5 billion. Equinox is the biggest copper mine in Africa and Minmetals want to gain control to run the company with their supervision. According to the Hong Kong-based firm, they offer for C$7 per share, or [...]

Anglo Irish Bank verified on Thursday that they record a net loss worth $25 billion last year because the loan for property development gone terrible. The dying organization at the center of Ireland’s journey close to bankruptcy formerly disclosed its anticipated figures for 2010 last February 8 and the audited figures on Thursday enclosed only [...]