James Fontanella-Khan Spot News

- Gold sales cost Europe’s central banks $40bn
Bankers confident that their move into bonds will pay off (FT)

- Investors flock to traded funds
Investment vehicles make buying easier (FT)

- Beijing bets on bullion
Seeks to diversify its vast foreign reserves (FT)

- Retailers eye rich pickings in India market
India is the world’s largest consumer of gold (FT)

- Interactive graphic: Unstable gold
The volatile history of the precious metal (FT)

- Eon chief to step down in 2010
Bernotat plans ‘new professional challenges’ (FT)

- Eon, EDF said to consider swap of power capacity
Germany giant is looking to scale back to cut debt (Bloomberg)

- Oil groups to end 40-year exile from Iraq
Foreign oil groups are preparing to go back (FT)

- US’s Waxman to offer free pollution credits
Proposal seeks to establish a carbon-trading system (Bloomberg)

- Clearing move puts pressure on ore pricing
Ore market moving away from traditional pricing system (FT)

- Lex: Rio Tinto
Concessions are imperative to win investors approval (FT)

- Heritage soars 25% on Kurdistan find
New oilfield is set to yield more than 4bn barrels (FT)

- Total profits fall less than expected
French major reports 35% drop in Q1 net profit (FT)