Facebook's IPO to be the largest in internet firms history

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Source: BBC
Facebook determined the price for its share for its IPO at between 28 US Dollars and 35 US Dollars per share thus valuing Facebook at between 85 billion US Dollars and 95 billion US Dollars. The IPO is expected to be the biggest for the internet company, even larger than valuation of Google's of about 23 billion US Dollars in 2004.

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Fri, 04 May 2012 07:55:54 GMT

Gold futures rose in Asian trade

Gold prices increased during Asian trade on Friday ahead of the key labour data from the US later today. Broadly lower US Dollar also provided a lift for the yellow metal. COMEX gold futures for delivery in June traded at 1,636.80 US Dollars per troy ounce on the New York Mercantile Exchange, rising by 0.1% since opening.

Fri, 04 May 2012 07:03:54 GMT

ECB leaves the interest rate at 1%

The ECB left the core interest rate unchanged at record low level of 1% for the fifth month in a row in May. The bank also left deposit facility and marginal lending unchanged at 0.25% and 1.75%, respectively. The decision was widely expected. Traders await fresh comments from Mario Draghi regarding policies of the ECB aimed at struggling with persisting

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