Australia awards military vehicle orders

Note: This section contains information in English only.
Source: Marketwatch

The government of Australia awarded several contracts of defense companies such as Rheinmetall AG, German defense firm. The country allocated 7.5 billion Australian dollars for the project aimed at increasing military vehicles by 7,500 to improve support of the armed forces. Australia also started discussion with Haulmark Trailers to provide 2,500 trailers for vehicles.

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Mon, 12 Dec 2011 08:09:46 GMT

Gold prices declined on the stronger USD

Gold prices decreased amid stronger US dollar that weighted down on dollar priced commodities. The USD index advanced to 78.76 from 78.622 at the North American trade on Friday. Gold futures for delivery in February decreased by $17.20 to $1,699.60 at the Asian trade, losing 1% since opening.

Mon, 12 Dec 2011 08:45:55 GMT

World-wide debt sales reach 6-year low on debt crisis

The Eurozone's debt turmoil has affected negatively the global financial markets, increasing borrowing costs and pushing down debt issuance. Gross debt release in overseas markets declined to $1.66 trillion during July-September period, the record low since 2005. The drop in debt issuance was mainly caused by buyers' demand for higher compensation for risk. 

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