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Gold up on growth fear; defies firm dollarGold edged higher on Thursday on persistent worries about euro zone debt woes and slower global growth, defying a rebound in the dollar. The dollar index rose nearly 0.4 percent, after dropping to a three-week low in the previous session, More… |
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Brent crude slips on euro zone woes, firm dollarBrent crude fell 0.2 percent on Thursday, staying below $111 a barrel as ongoing concerns over Europe's debt crisis and a firmer dollar drew investors away from riskier assets like oil and into the safe havens of gold and the Swiss franc. More… |
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Swiss franc at record highs as safety soughtThe Swiss franc surged to new all-time highs against the euro and the dollar in volatile trade on Tuesday, while the Japanese yen held firm Investors unwound leveraged trades funded in the dollar and the yen as global stocks, as measured b More… |
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Gold nears record after US debt deal, Korea buyGold traded within sight of record highs on Tuesday after a last-minute deal to avoid an unprecedented US debt default and the first bullion purchase by Korea in 13 years, against a backdrop of growing economic pessimism. Gold defied the s More… |
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Economic woes hit markets worldwideWorld stocks ended lower yesterday as investors piled into safe havens on worries about sovereign debt crises on both sides of the Atlantic and after data showed meagre growth in the US economy. The Swiss franc, a traditional safe-haven cu More… |
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Dubai Holding unit repays $305m bondDubai Holding Commercial Operations Group (DHCOG), a unit of the conglomerate owned by Dubai's ruler, on Thursday said it had repaid a 250 million Swiss franc ($305 million) bond, maturing on July 14. "Dubai Holding Commercial Operations G More… |
