27-05-2010: Gold prices fell for the first time today, after three days of rallying prices. In future trading, from the then price of 1209.70 dollar an ounce, the price of gold fell by 5.60 dollar, 0.5 percent. James Moore termed it “as profit taking emerged” the prices fell.
However, he also stated that the steady influx [...]
There was rise in the interest rates on positive data on durable goods orders and home sales in the bond market on Wednesday, raising the expectations about the U.S. economy.
The news from the Commerce Department, that the recovery process of the economy is very decent.
This helped investors to invest less worries, as a result stocks [...]
Apple overtook Microsoft, the computer software giant, on Wednesday to become the world’s most valuable technology company.
In the afternoon session in intraday trading, Apple shares rose 1.8 percent, giving the company a value of $227.1 billion where as shares value of Microsoft reduced to 1 percent, giving the company a market values of $226.3 billion.
Now [...]
The Global stock market on Tuesday witnessed a considerable fall with the eurozone debt fears becoming stronger. The Nasdaq and Dow Jones in the United States of America was down by 2.74% and 2.24%, respectively.
The FTSE dropped to 4,939.6 points and the Asian markets have fallen sharply.
The comments of the IMF, on Monday on Spanish [...]
UK’s economy seems to be recovering faster as the GDP growth is revised to nearly 0.3% within a span of three months. This gradual but phenomenal economic rise in first three months marks Britain’s economic recovery after having suffered the worst recession ever.
The industrial production has risen by 1.2 % in the first quarter, according [...]
The euro is the currency is not in danger remaining a credible threat has said, today, the President of the European Central Bank (ECB), Jean-Claude Trichet,for the German daily Frankfurter Allgemeine Zeitung.
“It is absolutely clears. Euro is not in danger. The movements on the market are always a combination of investor perceptions and influence of [...]
The head of the Spanish socialist government, Jose Luis Rodriguez Zapatero intends to increase taxes imposed on the country’s richest people, at an unspecified date after last week he announced austerity measures for the middle class.
Zapatero intends to increase taxes imposed on the richest people in ţarăSursa: Reuters
“Most citizens feel that this effort (deficit reduction) [...]
Yesterday Germany took by surprise the EU partners, prohibiting for indefinite term,the speculative practices of “short selling (short selling of securities) in government bonds.
Berlin said that the ban applied to domestic transactions, comes as a result of an “extraordinary volatility of Eurozone government bonds.
Massive transactions such as “short selling” threaten the stability of the German [...]
The Greek Secretary of the Tourism ministry in Athens resigned yesterday, reports AP.
The Greek Secretary of the Tourism ministry in Athens resigned after the press found out that her husband had a debt of five million euros to tax authorities
The reason was that the official’s husband a former actor and performer had huge debts to the IRS
Representatives of [...]
Greece has received today the first tranche of 110 billion loan needed to overcome the debt crisis faced by the Greek State, according to BBC.
“The first tranche of financial assistance for Greece will be transferred today (Tuesday) … and the International Monetary Fund transfer money at the same time.
The 20 billion euros tranche , consists of 14.5 [...]
Economy, immigration drive California governor race
Four Days on Profit Selling but Gold falls for the First Time
Eurozone debt leads to global stock market tumble
Britain’s Economy will grow faster than Germany and Japan
President of the European Central Bank says Euro is not in danger
Drastic measures for poor California
European countries’ rulers planns devalued Euro
Eurozone problems raise the price of gold
German exporters foresee bankruptcy for Greece
“Fat finger” could lead to tougher rules on Wall Street
Obama and Merkel have economy phone deals
