U.K. banking sector faces unemployment problem

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
It is expected that the four biggest banks of the U.K. will cut approximately 189,000 jobs by the end of the year 2013 and that would lead to the lowest employment level in nine years. Royal Bank of Scotland Group Plc, HSBC Holdings Plc (HSBA), Lloyds Banking Group Plc (LLOY) and Barclays Plc (BARC) are predicted to employ 606,000 people all over the world by the end of this year, compared to 795,000 employees in 2008, which was the highest employment rate.
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Tue, 28 May 2013 15:02:41 GMT

Gold falls after US Dollar gains ahead of US report

Gold fell in London after a stronger US Dollar curtailed demand for the alternative investment and on speculation the US economy is expanding. The US Dollar added 0.4% versus a six-currency basket amid speculation the Fed may reduce QE measures. Gold futures dropped 1% to $1,380.60 an ounce this morning in London.

Tue, 28 May 2013 15:00:33 GMT

European stocks climbed 0.8% today

The Stoxx Europe 600 index has climbed for a second consecutive day, advancing 0.8% to 306.62 so far today. Share prices increased after a drop last week, which was caused by speculations about an early end of the Fed's QE and an unexpected contraction in Chinese manufacturing. Bearish momentum seems to have reached its peak as bulls are coming to

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