Greece's unemployment toped 20.7% in Q4

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Source: Reuters
Greek unemployment rate hit a new record in Q4, approaching 20.7%. The figure indicates that country economy experiences crisis while tight austerity measures are likely to push the county into even deeper recession. The jobless rate is expected to rise further in the following months, said Platon Monokroussos, EFG Eurobank economist. Young individuals were the most severally affected by the slowdown. Almost 40% of people aged between 15 and 24 are without job as compared to 28% in Q4 of 2010.


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Fri, 16 Mar 2012 11:38:30 GMT

Gold prices rose during the Asian trade

Gold prices were higher during the Asian session on Friday along with depreciating US Dollar. COMEX gold April contract traded at 1660.05 US Dollars per troy ounce on the New York Mercantile Exchange, growing by 0.03%. Meanwhile, COMEX silver April contract traded at 32.608 US Dollars per ounce, advancing by 0.36%.

Fri, 16 Mar 2012 11:01:42 GMT

Goldman Sachs: China's copper imports to tumble in the next months

China's copper imports are expected to tumble in the next few months while red metal's exports from the country are likely to peak over this period. The record high copper inventories at the Shanghai Futures Exchange warehouses would continue to weight down on the copper imports, said Max Layton from Goldman Sachs.

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