U.S. House to vote on debt limit rise

Note: This section contains information in English only.
Source: Bloomberg
Tomorrow, the U.S. House of Representatives plans to have a vote on the debt limit increase, while the deadline has already been passed on February 7, meaning that the Treasury started to implement special measures to prevent technical default. According to the plan, borrowing will not be limited, however, the Treasury will be allowed to issue bonds only until March 2015.
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Tue, 11 Feb 2014 10:52:03 GMT

Barclays profit misses estimates, 12,000 jobs to go

Barclays Plc, the second-biggest bank in the U.K., announced a decline in its year 2013 profit amid compensation and litigation charges. The pretax profit reached 5.2 billion pounds, down 26% from 7.05 billion pounds a year ago. Analysts expected the net profit to reach 5.4 billion pounds. Moreover, today the bank announced that up to 12,000 jobs will be cut

Tue, 11 Feb 2014 10:30:05 GMT

Gold rises as China's purchases increase

Gold futures increased on Tuesday continued to rally towards the strongest level since November after purchases from China accelerates extending last year's consumption and as investors expect further cuts of the U.S. stimulus measures. Bullion for settlement in February gained 1% to $1,287.81 an ounce, the most since November 18, and was last traded at $1,283.05 as of 1:03 p.m.

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