Indian equities drop on worldwide slow down

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Source: Bloomberg
© Scanpix/AP

Indian stocks reached their lowest value in two years amid investors' worries about struggling global economy and falling Rupee that could harm earnings. Indian benchmark Sensitive Index lost 2.3% in Mumbai trade today, while Rupee fell to record low the day before. Indian most valuable enterprise, Reliance Industries Ltd, experienced a decline of 2.3% on Wednesday. 

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Wed, 23 Nov 2011 16:51:18 GMT

Can gold be a solution for debt crisis?

As debt turmoil in Eurozone is being endured, discussions about alternative solutions start to spread. The latest of them offers to use gold for collateral. Jeffrey Nichols, American Precious Metals Advisors' manager reminded that countries in the past already have used gilt as collateral. Eurozone's banks currently hold about 64% of world's gold assets. 

Wed, 23 Nov 2011 14:51:43 GMT

US: growth of disposable income exceeds growth of spending

Consumer spending increased by 0.1% while disposable income rose by 0.4% indicating the decrease in proportion put aside as savings, reported the Commerce Department. The forecast made by Marketwatch was an increase in spending by 0.3% while income was estimated to grow by 0.2%. The savings rate decreased by 4.1% in Q3 as compared to an advancement of 5.1% in Q2.

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