US Stocks Declined After S&P 500 Climb
The United States stock index futures have declined, a sign that the Standard & Poor’s 500 index will have a big climb within the week, due to investors looking at the Federal Reserve’s attempt to provide assistance for the economic recovery of the country. Bank of America Corp, the country’s largest bank, has decreased by 2.2% in Germany’s trading. Citigroup Inc was...
Bank of China Profit Up by 28%
Bank of China Ltd, the country’s leading lender in terms of assets, has reported that their first half of the year profit has moved up by 28% to a record high due to loans and fee incomes put together. Net income was up to 66.5 billion yuan or $10.4 billion compared to 52 billion yuan from the year before. The financial institution has also showed that there was a decrease in...
Japan Downgraded by Moody’s
The credit ratings of banks from Japan were slashed by Moody’s Investors Service due to anxiety over weak public finance that may lessen the capability of the government to provide assistance to lenders during times of crisis. Bank units of Mitsubishi UFJ Financial Group Inc, Sumitomo Mitsui Financial Group Inc, and Mizuho Financial Group were just three of the many banks that...
Gold Reaches $1,910: All Time High
Gold has moved up to its all time high of $1,910 many investors are not trying to move to the safe haven to protect their assets amidst the financial slowdown. Platinum is also at its highest in over three years. Bullion for immediate delivery moved up by 0.8% to 1,913.50 for every ounce prior to trading at $1,897.38 for every once before noon in Singapore. The precious metal has...
Asian Stocks Move Up as Export Industry Climbs
Stocks originating from Asia have risen for the first time in four days following the climb of exporters on prediction that the United States Federal Reserve is planning to have extra measure to boost the recovery of the world’s biggest economy. Samsung Electronics Co which is the biggest exporter of consumer electronics from South Korea has moved up by 2.5% in Seoul trading....
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Morgan Stanley Lowers Estimates for Global Growth
Morgan Stanley slashed its prediction for economic growth for the whole world this year because of “insufficient policy response” to the sovereign debt problems of the European region, lower confidence...
Singapore’s Export Industry Down by 2.8% in July
The export industry of Singapore declined the most since 2009 this month of July as sales of electronics went down, putting more anxiety over the country’s possibility to experience recession...
Asia Stocks Decline Due to EU Debt Problems
Stocks from various countries in Asia declined for the first time this week following a failure from the European authorities to give a specific direction to pull the region’s economy...
Gold Up on a High Again
The gold is now in a “bubble that is poised to burst” as investors go for it on a speculative demand, following a surge in prices this year, according to...
Swiss Government Analyze Franc’s Decline
The Swiss National Bank Vice President Thomas Jordan has announced that the central bank is looking at “a whole range of options” to avoid getting the franc from putting the...
