European stocks rally on Monday

Note: This section contains information in English only.
Source: Marketwatch
European markets closed higher on Monday as Greeks and private creditors continued to discuss debt swap and investors were hoping that both parties will reach an agreement about debt write down at around 70%. Stoxx 600 index added 0.5% to 257.01, Greek ASE composite rocketed 5.1% to 744.26 and French CAC 40 index gained 0.5%, finishing at 3,388.42. Meanwhile the UK FTSE index climbed 0.9% at 5,782.56 and German DAX soared 0.5% to 6,436.62.
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Tue, 24 Jan 2012 10:03:04 GMT

India will pay in gold for Iran's oil

India agreed with Iran to pay for oil purchases in gold rather than in the US Dollars, DEBKA reported. Paying in gold India allows Iran to bypass the forthcoming freeze of the central bank assets and oil embargo. India is the first buyer to pay in gold but experts predict China is likely to follow the trend. Both China and

Tue, 24 Jan 2012 09:32:55 GMT

Demand for green bonds from Sweden and Japan surges

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