Diamond producer De Beers expects global demand growth for rough diamonds to set a new record this year on the exceptionally strong performance of its key U.S. market and robust demand in China and India, the head of the company's distribution arm has said... more
Oil prices will soar above $130 a barrel by late 2011, a new Reuters poll found, and one in five traders said they expected oil to hit $150 this year, levels some economists say could trigger recession... more
De Beers, the world's largest diamond producer, returns to a profit as production rose 34% in 2010 amid a strong recovery in diamond prices, although it remains cautious about the market this year... more
The world’s biggest diamond miner, De Beers, has held talks with its 45% shareholder Anglo American over the London-listed minerals giant taking a bigger stake in the group... more
London’s leading shares resumed their unusual summer rally after an early-morning wobble today, and were heading for a tenth straight day of gains... more
What a difference a year makes. Twelve months ago, the optimists were still hoping that the credit crunch, like the First World War, might be over by Christmas. Now things look very different.... more
Stobart Group, famed for its Eddie Stobart green lorries with girls’ names, is clearly delighted to have bought Southend Airport for
£21 million... more
Credit crunch: Bank of America’s $50 billion (£28 billion) early-morning takeover of Wall Street investment bank Merrill Lynch creates the world’s biggest financial services group... more
Afternoon:
8°c
