Yellen: economy to grow in 2014, inflation to reach 2%

Note: This section contains information in English only.
Source: Bloomberg
Janet Yellen, the next Federal Reserve chairwoman, said to the Time magazine on Thursday that the U.S. economy will most likely increase the pace of growth during the current year, while the unemployment level will decline. The economy is predicted to grow about 3%, as the recovery is developing much faster than before. Moreover, the inflation is projected to rise to key level of 2%.
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Thu, 09 Jan 2014 15:07:10 GMT

Gold bounces off from longest retreat since November

Gold advanced for the first day this week in New York on bets that lower prices will boost metal's physical demand. The yellow metal for February delivery gained 0.3% to $1,228.80 an ounce as of 7:40 a.m. in New York, while bullion for immediate delivery advanced 0.3% to $1,229.84. Gold fell 28% previous year, making it the biggest annual retreat

Thu, 09 Jan 2014 14:40:05 GMT

European shares climb after ECB holds rates unchanged

European shares gained for a third straight day as the European Central Bank held its benchmark interest rate unchanged at its record low. The Stoxx Europe 600 Index rose 0.3% to 330.57 as of 1:38 p.m. London time and the gauge has advanced 1.1% since January 6. The equity-benchmark jumped 17% in year 2013 as world's central banks left their

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