UK is going to expel Iranian diplomats

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Source: BBC

The UK is going to expel Iranian diplomats after the British embassy was attacked in Tehran, announced William Hague, Foreign Secretary. Hundreds of people in Tehran stormed UK's embassy expressing their protest against sanctions imposed by UK over Iranian nuclear programme. The immediate closure of the embassy of Iran in London is ordered, the Secretary added.  

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Wed, 30 Nov 2011 17:32:30 GMT

Canadian stocks gain on actions of the global central banks

Canadian stocks have increased for third consecutive day as investors gain more confidence after the global banks decided to boost liquidity to financial system. Moreover, the higher than expected GDP growth in Canada contributed to market sentiment. GDP grew by 3.5% in Q3 as compared with 3% projected. Toronto's benchmark S&P/TSX Composite Index gained 2.3%, to 11,997.57. Canadian currency increased against USD by 1.5% to

Wed, 30 Nov 2011 15:09:23 GMT

Fed cuts interest rate on greenback swaps

Federal Reserve lowered interest rate on US dollar swaps to ease funding for European financials. Fed cut interest rate from 100 b.p. to 50 b.p. and extended the program to February 2013. Fed's action is an attempt to ease pressure in the world's markets and stimulate central banks' capability to back international financial system. Federal Reserve will cooperate with 5 leading banks including Bank

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