Economy

Mining industry underperforms in 2011

Despite record profits at US$133 billion in 2011, market capitalization of global mining companies fell by 25%, says PwC.

By Staff |June 6, 2012

1 min read

Morning roundup: Facebook down 32%; Spain claims it won’t default

We’re committed to keeping you and your clients up-to-date with global industry news. Every morning, we offer articles from around the web. Here are some selections: Facebook down 32% Catch a falling star, and get your fingers burned. That’s apparently the lesson investors in the decade’s hottest IPO are learning, as Facebook’s stock drops 32% […]

By Staff |June 6, 2012

2 min read

Canada #1 for mining and metals deals

Canada has topped the global mining and metals sector as the target destination by total deal value in Q1 2012, says Ernst & Young.

By Staff |June 5, 2012

1 min read

Income gap and luxury markets expand

The Financial Times reports the worldwide market for luxury goods will hit $1.5 trillion this year -- about equal to the entire economic output of Spain or Australia -- as the number of wealthy grow in emerging markets like Brazil and China.

By Staff |June 5, 2012

1 min read