Connemara finishes gold deposit survey
CONNEMARA Mining has completed its airborne survey targeting gold deposits in the Wicklow/Wexford area. The survey is being processed by Terraquest in Canada. "Gold in the Wicklow hills has been known for over 200 years but finding commercially viable deposits is a far more complicated issue," said company chairman John Teeling. "Final results from Terraquest are due within six weeks."
Lloyds suspends traders amid probe
LLOYDS Banking Group, the UK's second-biggest government-backed lender, has suspended at least two derivatives traders in a probe of potential interest-rate manipulation. Foreign-exchange derivatives trader Alexandre Dube and interest-rate derivatives trader John Argent were sent home about two months ago.
New iPhone 'will have larger screen'
APPLE plans to use a larger screen on the next-generation iPhone and has begun to place orders from suppliers in South Korea and Japan. The new iPhone screens will measure four inches from corner to corner, it is believed. That would represent a roughly 30pc increase in viewing area, assuming Apple keeps other dimensions proportional.
US economy shows pick-up in growth
Groundbreaking for US homes rebounded in April and factory activity gained steam, suggesting a moderate pick-up in economic growth. Housing starts increased 2.6pc to a seasonally adjusted annual rate of 717,000 units.