European stocks rise; Barclays in the spotlight

Note: This section contains information in English only.
Source: Marketwatch
Mining and drug stocks rallied, sending European stocks into positive area on Tuesday, whilst the departure of Bob Diamond, Barlays PLC Chief Executive Officer, put banks in focus. The Stoxx Europe 600 index increased by 0.5% with support of 1.7% Novo Nordisk AS benefit and 1.5% Rio Tinto PLC boost. Barclays' shares fluctuated but later finally gained 0.6%. The FTSE 100 index rose 0.2%; the German DAX 30 index advanced 0.6%.
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Tue, 03 Jul 2012 13:04:12 GMT

Gold flat after previous rally

Precious metals were flat on Monday after previous week's jump on the EU summit optimism. Weak US and China's PMI data, which boosted hopes for additional stimulus from the Fed, provided slight support for the commodity group.Gold was almost unchanged after previous rally as traders await fresh US data releases due on Tuesday. Weaker than expected economic news are likely

Tue, 03 Jul 2012 13:16:35 GMT

Greece in need of paying back suppliers

Charles Dallara, the managing director of IIF, reported that the Greek government  needs to focus on privatization, opening businesses and lower its impact on the economy. Greece still needs to return more than 6 billion Euros to their suppliers before they can focus on restoring  economy. The country needs to gain access to monetary funds to aid the economy, because

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