Britain's deficit widened to a record-high

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Source: Telegraph

Office for National Statistics reported on Friday that the net borrowing of public sector increased to 14.41 billion Pounds in August, compared to the reading of 14.37 billion Pounds in the preceding month. The figure is the highest since 1993, when the records began, but lower than the analysts' forecast of 15 billion British Pounds.

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Fri, 21 Sep 2012 13:22:12 GMT

Gold extends gains on stimulus

On Friday, prices for gold were higher, following forecasts of analysts from Bank of America and Deutsche Bank AG that the commodity will hit a record high by the next year. Futures for gold were traded at $1,776.200 per once at 05:30 a.m. London time, which was a $6.00 or 0.34% increase for the trading session.

Fri, 21 Sep 2012 14:35:12 GMT

Japanese equities rebounded on strong utility firms

Japanese shares bounced off Thursday's lows on Friday, supported by  stronger utility sector. However, global growth concerns after weak PMI releases coupled with escalated territorial tensions with China continued to create heavy pressure on Japanese equities. The Nikkei 225 Index added 0.25% to end the week at 9,110.00. Seven out of ten sectors within the index rose. Utilities and oil

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