Gold futures advanced during Asian trade

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Source: Marketwatch
Gold futures gained during the Asian trading session following the news about Standard & Poor's downgrade of the Euro Zone countries. Gold's February contract traded at $1,640.40 an ounce during the Asian trade as compared to Friday's close of $1,630.80, on the New York Mercantile.
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Mon, 16 Jan 2012 07:57:23 GMT

Australia' home loans advance 1.4% in December

Australian home loans increased more than expected in December, according to official data. The number of home loans added 1.4% seasonally adjusted in December from 0.7% in November, reported Australian Bureau of Statistics. Experts predicted home loans to gain 1.0% in December.

Mon, 16 Jan 2012 07:48:05 GMT

Nigeria strikes: no agreement is reached

Negotiations between Nigerian trade unions and the government failed to reach an agreement on the end of oil subsidies. The removal of oil subsidies two weeks ago has led to soaring fuel prices, protests and more than a week- long strike. The strike has already cost the country billions of Dollars.

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