Portugal raise taxes to meet bailout requirements

Note: This section contains information in English only.
Source: The Guardian
Portugal decided to raise taxes to meet necessary requirements to receive an international bailout. Average rate of income tax will be increased by 2 percentage points from 9.8% currently to 11.8%. The government's measures, including income and property taxes hikes, a new tax on financial transactions and spending cuts, will amount to 3% of GDP next year.    
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Thu, 04 Oct 2012 08:27:05 GMT

Gold modestly higher as dollar rally ends

On Thursday, gold prices were higher, after traders started to sell the U.S. Dollar. On the NYMEX, December delivery futures for gold were traded at $,781.35 per troy ounce, which was a 0.09% increase for the Asian trading hours. Earlier it hit $1,780.55, which was a session low, and a session high of $1,782.15 per troy once.

Thu, 04 Oct 2012 12:02:49 GMT

Asian currencies rise to 7-month high on U.S. employment data

Asian currencies were close to 7-month high as data showed the U.S. employment increased more than economists projected, alleviating market concerns about global slowdown and boosting demand for riskier assets. The Taiwan Dollar gained 0.3% to NT$29.322 versus the U.S. Dollar, while the Philippines peso rose 0.1% to 41.555.The Malaysian Ringgit climbed 0.1% to 3.0575. 

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