British notes climb on BoE bond purchase speculation

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

UK bills advanced on Tuesday fuelled by investor speculations Bank of England may expand asset purchases to stimulate economic recovery. The borrowing costs on 10-year benchmark gilts slipped 7 basis points to 2.26%. British pound strengthened 0.2% against Euro to GBP 0.8351. The Sterling was little changed against greenback at USD 1.5971.

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Wed, 28 Mar 2012 05:20:11 GMT

Deutsche Bank has become the biggest bank in Europe

Deutsche Bank AG, expanding assets while other financials cut their balance sheets, outperformed French BNP Paribas SA and has become the biggest publicly traded lender in Europe. Deutsche Bank's assets advanced 14% to EUR 2.13 trillion in 2011. The lender's shares lost 0.8% on Tuesday. Nevertheless Deutsche Bank stocks have gained 37% since December 2011.

Mon, 02 Apr 2012 09:10:13 GMT

Bernanke: Fed to 'remain cautious'

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

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