Monti calls for easing EU budget goals

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Source: Bloomberg
© Scanpix/Reuters

Italian premier Mario Monti may push French President Nicolas Sarkozy and German Chancellor Angela Merkel to relieve euro zone budget targets and help stimulating growth. Monti is going to present his vision of way how to tackle debt crisis in today's talks in Strasbourg. Italian PM has emphasized that economic growth is one of the main determinants to stop expansion of debt woe.

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Thu, 24 Nov 2011 10:59:43 GMT

Property developers seek to sell assets

Hong Kong real estate developers seek to raise property sales because of credit-restriction in the country, reports Barclays Capital. The number of loans available in Hong Kong was also impacted by withdrawal of many European banks from the market. Essential contraction in credit availability forces property developers to boost sales in order to sustain the cash flow.

Thu, 24 Nov 2011 09:13:03 GMT

Gold futures decline in Asian trading

Gold futures for December delivery decreased by 0.4% to $1,695.90 an ounce on the New York Mercantile Exchange. The yellow metal's appeal as safer investment option has declined showing quite strong positive correlation with stocks and other commodities. Investors risk-aversion increased pushing the demand down after failed German auction impacting both US stock and gold market.

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