G-7 to discuss Europe today

Note: This section contains information in English only.
Source: Bloomberg
Central bank governors and finance ministers representing Group of Seven nations prepare to discuss deepening European debt turmoil and threats to global economy. Members of Group of Seven are worried about unstable situation in world economy. G-7 discussions will take place around 2 weeks prior to the summit of G-20 in Mexico due June 18-19. 
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Tue, 05 Jun 2012 07:23:20 GMT

Gold rose on easing hopes

Gold advanced in Asian session on Friday on hopes that negative US economic data will prompt policymakers to consider next round of quantitative easing. COMEX gold August contract traded at 1,622.85 US Dollars per troy ounce on the New York Mercantile Exchange, climbing by 0.55%. Meanwhile, COMEX silver for delivery in July traded at 28.388 US Dollars per troy ounce,

Tue, 05 Jun 2012 09:13:19 GMT

Loonie hits 6-month low before central bank meeting

Canadian Dollar hit a 6-month record low ahead of Bank of Canada meeting due Wednesday. Policy makers are predicted to postpone higher interest rates. Canadian currency closed at CAD 1.0394 yesterday. Yields on 10-year bonds keep fluctuating close to record lows since 1950s as investors perceived country's assets as save haven. 

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