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Paul Dykewicz

Gold Advances for Fifth Straight Week

Gold hit its highest price in two months on Friday as the U.S. dollar fell and a global flight from emerging market assets pushed global stock markets toward their worst week so far in 2014.

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KKR, BlackRock, Funds in Talks to Buy Stake in China Huarong

KKR & Co (KKR) and BlackRock Inc (BLK) are among leading global investors in talks to buy a stake in China Huarong Asset Management Co Ltd. as the bad debt manager seeks to raise more than $2 billion, sources familiar with the matter told Reuters.

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Contagion Spreads in Emerging Markets as Crises Grow

The worst sell-off in emerging-market currencies in five years is starting to show ill effects from the Federal Reserve’s tapering of monetary stimulus, amid political and financial instability.

Wall Street Slides on China Data, Earnings

U.S. stocks fell on Thursday, with the Dow Jones industrial average recording its third consecutive day of losses, after weaker-than-expected manufacturing data in China and lackluster U.S. corporate earnings.

China’s Lenovo to Buy IBM Server Unit for $2.3 Billion amid Slump

International Business Machines Corp. (IBM) agreed to sell its low-end server business for $2.3 billion to China’s Lenovo Group Ltd. (992) as a way to decrease its reliance on computer hardware.

McDonald’s Reports Reduced Visits in Quarter, Expects Weak January

McDonald’s Corp (MCD.NYSE) reported weaker-than-expected quarterly sales at established restaurants on Thursday as fewer diners visited the fast-food chain.