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Business News

Stock index futures dip ahead of payrolls (Reuters)

Traders work on the floor of the New York Stock Exchange, August 31, 2010. REUTERS/Brendan McDermidReuters - Stock index futures pointed to a slightly lower open on Wall Street on Friday, with futures for the S&P 500 down 0.21 percent, Dow Jones futures down 0.17 percent and Nasdaq100 futures flat at 0725 GMT (3:25 a.m. ET).


China approached Canadian fund on rival Potash bid (Reuters)

PotashCorp mill general superintendent Trevor Berg holds a handful of chicklet potash at a potash holding centre at the Cory mine facilities near Saskatoon, August 19, 2010. REUTERS/David StobbeReuters - Chinese and other investors have approached at least one big Canadian pension manager about a bid for Canada's Potash Corp to rival BHP Billiton's $39 billion hostile offer.


Canada's Goldcorp to buy Andean for $3.4 billion (Reuters) Reuters - Canada's Goldcorp Inc agreed to buy Argentina-focused gold miner Andean Resources Ltd for C$3.6 billion ($3.4 billion), trumping a competing offer from rival Eldorado Gold Corp.Heavy in dollars, China warns of depreciation (Reuters) Reuters - China on Friday offered a rare glimpse into its foreign exchange reserves, confirming that they are overwhelmingly allocated in dollars, while a central banker said the mountain of cash could face depreciation risks.Brazil oil firm Petrobras plans $65 billion stock sale (Reuters) Reuters - Brazilian state oil company Petrobras will sell up to $64.5 billion in new stock -- one of the largest in capital markets history -- to raise funds for the world's biggest oil exploration investment plan.