Centamin's 20 per cent rise in shares since the overthrow of President Morsi in Egypt is perplexing, The Times' Tempus column noted. The Morsi government seemed to back the Egyptian miner and its asset, the Sukari goldmine. A lawsuit challenging its right to operate is still before the administrative court and there seems no reason why it should not be settled in Centamin's favour. "But the above suggests that any eventual government formed is unlikely to be much better for C [10 Jul '13]
The FTSE 100 put in a decent performance on Tuesday, jumping around one per cent as investors shrugged off gloomy comments from the International Monetary Fund (IMF) and instead focused on progress in Greece and a strong start to US corporate earnings season. [9 Jul '13]
Strong gains from mining and banking stocks ensured a strong open for the FTSE 100 on Tuesday morning as sentiment was lifted by improving hopes for the US economy and a bailout deal in Greece. [9 Jul '13]
Mining stocks were once again bearing the brunt of a fall in risk appetite on Wednesday as concerns over demand for commodities were sparked by some disappointing economic data from China. Anglo American, Glencore Xstrata, BHP Billiton, Vedanta and Antofagasta were among the worst performers. [3 Jul '13]
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