Gold slides ahead of Greece's deal

Note: This section contains information in English only.
Source: Forexpros
Gold inched down, losing momentum created by the Fed's decision to keep low interest rates as investors focused on the Greek debt swap deal with private bondholders. COMEX gold April contract traded at USD 1,742.75 a troy ounce, on the New York Mercantile Exchange, easing down 0.01%.


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Mon, 30 Jan 2012 10:18:54 GMT

China's bank announced slower real estate loan growth

The PBOC reported that the loans to the real estate sector slowed in 2011 while proportion in the real estate loans in the overall lending also decreased. The country's banks saw CNY 1.26 trillion new loans last year as compared to CNY 2.03 trillion in the preceding year. New loans to property market amounted 17.5% of the total new loans

Mon, 30 Jan 2012 10:34:37 GMT

China faced the slowest expansion of auto sector in 2011

Chinese light vehicle sector faced 4.6% increase in sales in 2011, reflecting the lowest yearly growth rate for the last 10 years. However, the country managed to hold its position as a top vehicle market for the third year. Demand for commercial vehicles declined by 6.7% with sales amounting 4.6 million units while sales of passenger vehicles edged up 9.6%,

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