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Chinese authorities probe fraud allegations against Silvercorp

Chinese law enforcement agents have informed Silvercorp Metals Inc . (TSX:SVM) (NYSE:SVM) that they have opened a criminal case and will try to trace anonymous fraud allegations against the company.

Prima Colombia announces permit delay

Prima Colombia Hardwood Inc . (TSX-V:PCT) has announced it has not received the cutting permits from the Colombian government it expected would be issued by the end of the year.

Text messages can be deceiving: UBC study

A University of British Columbia Sauder School of Business study involving simulated stock trades found that people are more likely to bend the truth when communicating via text message than by video chats, phone or face-to-face interactions.

Forest, paper companies post lower earnings in Q3

PwC ’s Global Forest and Paper Industry report showed Western Canadian forest and paper products companies posted net losses of $234.2 million in 2011’s third quarter. That’s a significant decrease from the $178.

Keg owner back at work after mugging

Keg Steakhouse and Bar owner David Aisenstat has recovered from a severe mugging during the summer and is back at work.

Twenty-nine per cent of employees expect Christmas bonuses

Despite a sluggish economy, 29% of Canadian employees expect a bonus in 2011, according to a BMO holiday survey conducted by Leger Marketing.

Peregrine to buy back BHP Billiton stake in diamond deposit

Peregrine Diamonds Ltd. (TSX:PGD) has entered into a binding agreement to buy BHP Billiton’s 51% share of the Chidliak diamond project.

Consumer prices comparatively lower in B.C.: StatsCan

Statistics Canada’s latest report on the Consumer Price Index shows B.C. has the lowest percentage change in the country for the 12 months ending in November.

Mining companies expect gold to hit $2K per ounce

PwC’s annual Gold Price Report shows 80% of mining companies expect the price of gold to continue to increase in 2012.

Terry McBride pulls back from Nettwerk

Vancouver music mogul Terry McBride has greatly reduced his workload at Nettwerk Music Group to focus more on his passions, the 51-year-old told Business in Vancouver last week.