NEW DELHI (Reuters) – Indian billionaire Anil Agarwal often talks about his dream to turn his London-listed company Vedanta Resources into a global resources giant. He has already bought stakes in big mining companies, such as Anglo American Plc, and says he plans to spend at least $1 billion on investments in Africa.
Source: Deadly protests land a blow to Indian resources magnate Agarwal’s ambitions | Reuters
This week, Deutsche Bank was under pressure after a Bloomberg report said a small number of hedge funds were trimming their exposure at the German bank.
The stock initially dropped after reports surfaced, which suggested that 10 hedge fund clients are reducing their dealings with Germany’s biggest bank. But in a turn of events, shares of Deutsche Bank jumped 14% Friday after reports that the bank may be near a $5.4-billion settlement with the U.S. Department of Justice. If the reports are true, the settlement would be well below the reported $14 billion opening bid by the DOJ in its talks with Deutsche.
Source: Achtung Baby! | Kitco News
Gold and precious metals investors should not start the day until they have Kitco’s Global Trading Director Peter Hug’s opinion of the marketplace. Hug’s daily commentary highlights important events that happened overnight and important reports to come; he prepares investors for their day by providing important support and resistance price levels.
Source: No Good End In Sight | Kitco News