Russia ready to "destroy" US missile-defense

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP
Dmitry Medvedev, President of Russian Federation, required the military to be ready to "abolish" command ability of US missile defense system in the European region. Medvedev claimed country may also place strike missiles across its western and southern flanks as well as position them in Kaliningrad. Russia warned US that ignoring its objections may initiate new arms competition between both countries.


 

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Thu, 24 Nov 2011 07:17:41 GMT

US stocks fall on European worries

On Wednesday US market indexes closed at about 2% lower as weak German bond auction increased European yields. S&P 500 Index fell 2.2% or 26.25 to 1,161.79, Nasdaq Composite lost 2.4% or 61.2 points to 2,460.08 while Dow Jones Industrial Average declined 2.1% or 236.17 reaching 11,257.55. Phil Orlando, Federated Investors' strategist claims that investors' confidence of Europe's ability to tackle debt affliction is ruined. 

Wed, 23 Nov 2011 16:51:18 GMT

Can gold be a solution for debt crisis?

As debt turmoil in Eurozone is being endured, discussions about alternative solutions start to spread. The latest of them offers to use gold for collateral. Jeffrey Nichols, American Precious Metals Advisors' manager reminded that countries in the past already have used gilt as collateral. Eurozone's banks currently hold about 64% of world's gold assets. 

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