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Ivanhoe to swap coal unit for stake in Asia Gold

Ivanhoe to swap coal unit for stake in Asia Gold Ivanhoe Mines Ltd. (IVN.TO: Quote, Profile, Research) will exchange its coal division in Mongolia with Asia Gold Corp. (ASG.V: Quote, Profile, Research) for a majority stake in the small explorer, Ivanhoe said on Wednesday. Ivanhoe, currently with about a 47 percent stake in Asia Gold, will acquire 82.58 million common shares, which will boost its holding to 88.8 percent on a fully diluted basis. As part of the transaction, Ivanhoe has agreed to extend an interim working line of credit to Asia Gold of up to $10 million. The deal is subject to

Gold in Asia Falls as Dollar Gains on Prospect of Higher Rates

Gold in Asia Falls as Dollar Gains on Prospect of Higher Rates Gold in Asia declined as the U.S. dollar gained the most against the euro in more than two months yesterday, eroding the precious metal's appeal as an alternative investment. The U.S. currency rose on expectations the Federal Reserve may increase interest rates faster this year than the European Central Bank. Higher rates make holding gold less attractive because the metal has no fixed returns, unlike bonds. ``The hawkish comments coming out of the Fed that they are going to raise interest rates if inflation gets out of control

UPDATE 4-Europe gold below 18-yr high, profit-taking hits

UPDATE 4-Europe gold below 18-yr high, profit-taking hits LONDON, Nov 23 (Reuters) - Gold prices fell further away from an 18-year high in Europe on Wednesday as investors cashed in on hefty profits made this month ahead of a long holiday weekend in the United States. Asian investors earlier sold gold bars after the metal hit $495.35 an ounce on Tuesday -- its highest since Dec. 15, 1987. Spot gold fell to $488.60/486.40 an ounce by 1542 GMT, down from $494.00/494.75 late in New York on Tuesday. "It's run out of puff today," a senior trader said. "The market is quite

Indiantelevision.com’s Media, Advertising, Marketing Watch

Indiantelevision.com's Media, Advertising, Marketing Watch MUMBAI: The Promax&BDA 2005 Asia, which was held in Singapore on 28 and 29 November saw Channel [V] India and UAE based MBC Creative Services hogging the limelight with the maximum number of awards. Channel [V] bagged the gold and silver awards for the Best In House Station Image Promo for V Gyaan- Phart Silencer and V Gyaan- Seedha Sar respectively. It also bagged the gold for Best Comedy Promo for V Gyaan - Phart Silencer. The gold for the Best Interactive Promo went to Channel V's Scooty Get Colourful promo. On the other hand, the award for

Gold Trades Above $500 in Asia Amid Demand From Jewelers, Funds

Gold Trades Above $500 in Asia Amid Demand From Jewelers, Funds Dec. 23 (Bloomberg) -- Gold traded above $500 an ounce in Asia, after yesterday having its biggest daily gain in almost three weeks, amid buying from jewelry makers and as hedge funds sought alternatives to stocks and bonds. Gold for immediate delivery has gained 15 percent this year partly as funds and other large speculators boosted their holdings and purchases rose from jewelers, who account for 73 percent of global demand for the precious metal. ``There's a little bit of physical demand coming in now from the jewelers and they've