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London: Gold prices tumbled nearly 5% to a one-week low below $1,140 (Rs53,352) an ounce on Friday as investors, fearing debt default in Dubai, sought safety in dollars and cash. Other precious metals also slipped. Silver hit a...
By Scott Anderson BUFFALO, New York (Reuters) - Big discounts and a weaker U.S. dollar lured Canadians across the border to join domestic shoppers fishing for Black Friday bargains. But with discounts of nearly 50 percent...
By BRIAN BLACKSTONE Top European officials will press China this weekend to allow its currency to rise against the euro, amid political fears that the euro's strength could undermine Europe's recovery from its worst recession...
SEOUL, Nov 27 (Reuters) - The South Korean won ended local trade down 1.7 percent against the dollar on Friday, the biggest daily percentage loss in more than four months, as concerns about Dubai's debt problems sapped risk...
Headlines Currencies: Dubai triggers sell-off in CEE forex markets Fixed Income: Czech short rates ignore koruna’s weakening Czech Republic The Czech koruna eased significantly as threat of Dubai’s default hit all CEE...
On Thursday, trading was very nervous. The US Thanksgiving holiday only added to global market uncertainty. Headlines on Dubai World, the Dubai state holding that tries to reach a delay in its debt payments of Government caused...
Canada Afternoon: C$ Falls Hard On Risk Aversion Outbreak Wall Street Journal TORONTO (Dow Jones)--The Canadian dollar ended sharply lower Thursday, reversing the previous day's rally as the global investment climate turned...
Australian Stock Market Report - Morning International Business Times Australia Dubai has asked creditors of flagship companies, Dubai World and Nakheel, to agree to a freeze on debt repayments as a first step in restructuring...
The Reserve Bank of Australia is likely to make history next week by lifting interest rates for a third straight month, economists say. After more data showing Australia has avoided the worst of the downturn, 13 of the 14...
With the U.S. dollar continuing its downward spiral, some brokers are telling investors to look abroad for better returns. Who’s Talking: Fidelity’s Market Analysis, Research and Education Group The Gist: Foreign stocks have...
