Gold futures recover after losses

Note: This section contains information in English only.
Source: Marketwatch

Gold futures increased slightly after sharp losses earlier this week caused by the surge in selling of precious metal by investors and turning to the USD as safer investment option. Gold for delivery in February added $10.90 an ounce to $1,588.00 in electronic trade, edging up 0.7% since opening, reported FactSet.

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Fri, 16 Dec 2011 09:33:53 GMT

Fitch downgraded six large banks

Fitch downgraded six global banks on the growing tensions in the financial markets. The downgraded banks are the Bank of America, Goldman Sachs, Barclays, BNP Paribas, Deutsche Bank and Credit Suisse. The so called вЂ?default ratings of the issuer', which imply the ability of the entity to comply with its financial obligations timely, were cut. The banks hold large amount of euro-zone's debt and the concerns

Fri, 16 Dec 2011 10:01:39 GMT

UK derivative law may be abandoned

EU leaders may abandon UK derivative legislation after PM Cameron's attempt to protect country's financial sector almost ruined EU summit, said 4 officials familiar with matter. Analysts suggest that possible crumbling of UK's derivatives could be a notice from EU officials that British veto alone cannot strengthen its financial system. 

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