Olympus met the deadline to escape delisting

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Source: BBC

Olympus, scandal camera producer in Japan, announced that it revised financial reports to avoid delisting from the Tokyo Stock Exchange. The company revised reports for the last five years three hours before delisting from the stock exchange. However, officials still can delist Olympus due to financial malpractice.

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Wed, 14 Dec 2011 08:23:58 GMT

Gold futures tumble on Fed decision

Gold futures fell during the electronic trade following US Fed decision not to inject additional funds into economy amid concerns over the euro-zone. The yellow metal futures for delivery in February lost $20.10 to $1,643 at the Asian afternoon trade, tumbling by 1.2% since opening.

Wed, 14 Dec 2011 08:20:55 GMT

US consumer confidence increased more than expected

US consumer confidence increased more than previously projected for the fourth month in line, according to industry data. IBD/TIPP Economic Optimism Index gained 2.2 points to 42.8 this month from 40.6 in November. Experts projected the indicator to add 1.9 points to 42.5 in December.

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