Gold rallied on Tuesday, pushing gold mining stocks as much as 11 percent higher, as investors switched into risk aversion mode.» Read More
Marc Faber is not exactly known for making rosy prognostications. But there's one sector he'd actually recommend buying right now.
Stocks closed near session lows Tuesday, with major averages logging their biggest declines since June, after two Federal Reserve Presidents said the central bank could begin tapering its easy-money program as early as September.
Stocks squeezed out small gains in lackluster trading Monday, with the S&P 500 closing at a new high, but a batch of mixed earnings reports and weaker-than-expected existing home sales kept a damper on gains.
Stocks held their gains Wednesday, extending their rally from the previous session, after the weaker-than-expected final read on first-quarter gross domestic product diminished worries that the Fed would rein in its stimulus measures in the immediate future.
Stocks finished modestly higher Friday with major indexes posting their third week in positive territory and the Dow and S&P 500 closing at new record highs.
Check out which companies are making headlines after the bell Tuesday:
The collapse in bullion prices may rekindle gold mining takeovers as Chinese companies and other investors step in to rescue small and mid-sized miners.
In an investor briefing to be distributed late Tuesday or Wednesday, John Paulson will reveal that his gold fund fell more than 10 percent for the first two months of this year, said people familiar with the numbers.
Australia's flagship carrier Qantas Airways said it has received compensation from Boeing for delays in deliveries of the grounded 787 Dreamliner jet.
Conflict in the West African state of Mali -- the continent's third-largest gold producer -- poses "manageable" risks for miners active in the country's south as Al Qaeda-linked Islamist rebels remain confined to strongholds in the north while former colonial power France continues its offensive against militant bases.
Hedge fund giant John Paulson's tough track record in 2012 is spilling over into the gold market because his rivals are going after him, an industry watcher told CNBC.
Bargain-hunting traders in the mining space have turned to Barrick Gold.
*RBC starts Air France KLM SA with outperform rating; price target. of 7 euros* RBC starts easyJet plc with sector perform rating; price target of 670 p. *RBC starts International Consolidated Airlines Group SA with.
----PREVIOUS ITEMS: Maybank remains keen on Thailand-The Star----.
*TD Securities raises Sun Life Financial price target to C $28 from. *TD Securities raises Manulife Financial price target to C $15 from. *TD Securities raises Industrial Alliance price target to C $28 from.
Oct 10- Industrial Alliance Insurance and Financial Services Inc:. *Canaccord raises IAG price target to C $29 from C $26. Reuters Station users, click. 1568.
*Canaccord Genuity raises IAMGOLD target price to $21 from $15; rating. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
Canadian markets offer more to the U.S.-based investor than the occasional high tech company such as Research In Motion. Here are five recent high performers.
*Tolima Gold Inc. and IAMGOLD Corporation enter option to form a joint venture to explore tolima's ancal project in the middle cauca gold belt in Colombia. *As consideration for granting of option, IAMGOLD has agreed to pay Tolima $1 million in 2 equal installments.
CANBERRA, Oct 9- Qantas Airways Ltd's chief executive said he was confident Australian regulators would approve a proposed alliance with Dubai's Emirates. Australia's biggest airline announced a 10- year alliance with Emirates last month that is currently under evaluation by the competition watchdog, the Australian Competition and Consumer Commission.