US gold output slightly lower in October

Source: Commodityonline

US production of gold declined slightly in October to 20,500 kg from the revised September's figure. Daily October's production approached 661 kg as compared to 690 kg in September, reported the Institute U.S. Geological Survey. The average price per one ounce of gold was $1,668.70 in October, indicating 6% decline on a monthly basis.

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Fri, 06 Jan 2012 08:37:51 GMT

European markets decline on bank announcements about losses

European shares saw a drop on Thursday session as Deutsche Bank, UniCredit and Santander reported sharp losses. Stoxx 600 index gave up 0.9% or 2.23 points and closed at 247.39, French CAC 40 lost 1.5% or 48.74 points reaching 3,144.91. UK's FTSE 100 index tumbled 0.8% or 44.19 points at 5,624.26 while DAX 30 index experienced a smaller decline of 0.25% or 15.56 points to

Thu, 05 Jan 2012 16:20:03 GMT

RBS plans to lay off 10,000 employees

Royal Bank of Scotland Group PLC may reduce its payroll by 10,000 jobs in line with its strategy of investment banking sector contraction, reported Financial Times. Redundancies will focus on equities segment of investment division as it was unable to compete with major rivals in the sector. However, the bank's representative said that the number of 10,000 was exaggerated.

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