Bernanke: Fed to 'remain cautious'

Note: This section contains information in English only.
Source: BBC
Ben Bernanke, chairman of Fed, hinted that the central bank of the US is likely to continue its economy-stimulating measures, citing overall weakness of the US job market despite increased hiring in the last three months. He also claimed that Fed has to 'remain cautious', which was interpreted by many analysts as a sign of maintaining record low interest rates until 2014. The announcement spurred equity and commodity prices.
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Tue, 27 Mar 2012 06:44:37 GMT

Gold firms after Fed hinted on easing in the US

Gold prices increased at Asian trade on Tuesday, being supported by hints that Fed is likely to provide additional stimulus to the US economy as labour market remains weak. COMEX gold futures for delivery in June traded at 1,691.45 US Dollars per troy ounce on the New York Mercantile Exchange, gaining 0.19%.

Tue, 27 Mar 2012 09:27:13 GMT

Chinese firms' industries profits drop on exports

China's manufacturing companies experienced their first fall in profit in three years as lower amounts of exports and government's property curbs harmed earnings. The net income for period January-February declined annual 5.2% or CHY 606 billion (USD 96 billion). In contrast Chinese industrial firms' profits rallied 34.3% in the corresponding two-month period last year. 

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