Japan will reward purchasers of construction bonds with gold coins

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Source: Commodityonline
© Scanpix/reuters

The sign that gold is accepted as currency and effective promotion tool is that Japanese government plans to reward purchasers of its reconstruction bonds with coins made of gold. The government will provide 15.6 gms golden coins to investors buying over 10 million yen of funds aimed at supporting rebuilding programme after the earthquake.

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Wed, 07 Dec 2011 14:22:08 GMT

Airlines will face weak demand

Airlines will face weak demand from the European market in 2012 due to turmoil across the spreading debt-crisis that may pull the industry into losses, reported the International Air Transport Association. The industry income prospects are lowered from $4 billion to $3.5. The losses can amount $8 billion being the highest since 2008 crisis.

Wed, 07 Dec 2011 14:58:11 GMT

UK Manufacturing output drops in October

UK industrial output declined more than was previously predicted by economists as escalating European debt crisis hurt demand for UK's export goods. Factory output lost 0.7% compared to September which is the biggest drop since April, said Office for National Statistics today. On yearly basis, however, manufacturing output added 0.3%.             

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