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Liberia tells the UN it lacks funds to fight blood diamonds

Liberia's questioned commitment to the diamond industry’s efforts to prevent blood gems trade has driven the US Agency for International Development (USAID) to threaten with cutting the program, but authorities says it insufficient funds and not lack of will what is stopping the country.

Gold hits 7-month high after QE3

Gold hit an intra-day high of $1.775 shortly before the end of the trading day – a 7-month high and up $240 from its 2012 lows struck in May.

Mini iron ore rally melts away

World number one producer Vale says the market will remain stuck in a period of significant volatility until China reduces its stockpiles.