Barclays reports a 16% drop in its profit

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Source: Bloomberg
One of the oldest British banks Barclays Plc posted a 16% decline in its profit as investment bank unit's revenue fell. Lender's net income in 2011 tumbled to GBP 3 billion (USD 4.74 billion) compared to GBP 3.56 billion in previous year. Economists predicted a drop to GBP 3.27 billion. Revenue at bank's securities unit fell 22%. 
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Fri, 10 Feb 2012 11:11:57 GMT

Asian stocks decline on Greek worries

Asian markets traded mostly lower on Friday after international creditors rebuffed Greek austerity plan until it will be ratified by the parliament. South Korea's Kospi edged down 1%, Australia's S&P/ASX 200 dropped 0.8% and Hong Kong's Hang Seng Index tumbled 1.1%. Japan's Nikkei Stock Average fell 0.6% while China's Shanghai Composite was the only stock index that managed to end

Fri, 10 Feb 2012 12:32:19 GMT

Dollar strengthens on renewed Greek concerns

US Dollar climbed against Euro Zone currency as Europe's finance minsters refused to provide bailout funding for Greece as long as Greek officials implement the austerity plan. Greenback appreciated 0.2% to USD 1.3258 in London morning trade and strengthened versus Japanese Yen to JPY 77.64. Currently EUR/USD is trading at 1.3203.

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