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- Investec full-year earnings fall
JOHANNESBURG, MAY 17 - South African investment bank and asset manager Investec posted a 25.9 percent decline in full-year earnings due to bad loans hitting its Australian unit and a weak performance by its investment banking arm. Investec, which is also listed in London, said diluted adjusted earnings per share totalled 30.1 pence in the year through March, compared with 40.6 pence a year earlier. Investec warned in March adjusted and headline earnings per share would decline as much as 27 percent. ...
- Gold Fields Q1 earnings fall, but beat forecasts
JOHANNESBURG, MAY 17 - Gold Fields, the world's fourth-largest gold producer, reported an 18 percent fall in quarterly earnings on Thursday, albeit above expectations, as output and the bullion price in South African rand both fell. The group stuck to its 2012 production target of 3.5 to 3.7 million ounces. The group's adjusted earnings per share fell 18 percent to 300 cents from 368 cents in the previous quarter, just above a Reuters poll of 7 analysts that had seen the number coming in at 273.7 cents. ...
- Gold up, comes off 4-1/2 month low; Greece weighs
SINGAPORE (Reuters) - Gold rose half a percent on Thursday as bargain hunters resurfaced after prices tumbled to another 4-1/2 month low in the previous session and the euro rebounded, but gains could be limited by fears of a deepening debt crisis in Greece. Investors have unwound their bullish bets in gold, cashing in the metal to cover for losses in other markets, after the turmoil in Europe raised the spectre of a recession that threatens to hurt the global economy. Gold added $8.29 an ounce to $1,546. ...
- Is it curtains for Afghanistan's fading silver screen?
KABUL (Reuters) - Clouds of hashish and cigarette smoke float across a screen showing a dancing Pakistani woman, who evokes yowls of excitement from the hundreds of Afghan men passing their time in one of the capital's rundown cinemas. Once a treasured luxury for the elite, Afghan film connoisseurs are deeply distressed by the dilapidated state of their cinemas, which reflect an industry on the brink of collapse from conflict and financial neglect. "Before our audiences were educated. ...
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