Catalonia to ask for 5bn-euro bailout

Source: Marketwatch
On Tuesday, August 28, Catalonia has asked for a bailout of 5bn euros from the Spanish government. Catalonia represents one-fifth of the nation's economy.  In the meanwhile, Spanish economy contracted by 0.4% between April and June after a 0.3% drop in the first quarter. On the top of that, in June, Spain requested 100bn euros of loans from the Eurozone's bailout fund for its troubled banks.
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Tue, 28 Aug 2012 19:45:07 GMT

Natural gas pushed higher on Tuesday

Natural gas futures pushed higher on Tuesday, August 28, bouncing from an eight-week low, as the U.S. National Hurricane Center said that Isaac could become a hurricane. Soon after the news, natural gas futures with October contract inched 0.3 per cent higher to $2.682 a million British thermal units. Still gains were limited by growing concerns over the U.S. possible expansion of inventory levels.

Tue, 28 Aug 2012 19:23:07 GMT

Wall Street little changed on Tuesday

Wall Street was little changed on Tuesday, as investors awaited the release of U.S. economic reports later this day. The Dow Jones Industrial Average added 0.12%, to 13,139.81; the Standard & Poor 500 Index edged 0.14% higher, to 1,412.33, while Nasdaq 100 futures rose by 0.18%, to 3,078.79.

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