Treasury: US to benefit from bailouts

Note: This section contains information in English only.
Source: BBC
The US is expected to profit from providing financial aid to the largest banks and large car producers during the peak of global crisis, according to the Treasury Department.  The bailouts of the banks are likely to provide a return of 2 billion US Dollars. The Treasury also added that despite improving economic outlook the country still has to put a lot of efforts to recover from the severest financial crisis since the Great Depression.


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Mon, 16 Apr 2012 08:24:14 GMT

Gold declined amid global economic concerns

Gold futures added to Friday's losses during Asian trading hours on Monday as rising yields of the Spanish sovereign bonds escalated global economic concerns and boosted demand for the greenback. COMEX gold for delivery in June traded at 1,650.65 US Dollars per troy ounce on the New York Mercantile Exchange, sliding by 0.58%.

Mon, 16 Apr 2012 11:57:07 GMT

US shares experienced a worst week in 2012

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