PORTUGAL

Euro zone policymakers and the head of the IMF warned of looming financial contagion on Wednesday unless a euro zone debt crisis is stopped in Greece, as nervous investors fled to the safe haven of the dollar.

U.S. stock index futures fell on Wednesday as investors continued to anxiously eye the Greek sovereign debt crisis and its potential contagion.

Global commodity prices dropped Tuesday as new doubts about Europe's ability to resolve the Greek debt crisis sparked a global flight from risky investments. Crude oil and other energy contracts tumbled, a day after oil hit an 18-month high. Prices for copper and other industrial metals also fell sharply. The declines in commodities were made worse by a spike in the dollar as investors sought safe places for their money. The rising dollar tends to sap demand from foreign investors for commoditie...

A tumble in global stocks spread to Asia on Wednesday as fears heightened that Greece's debt woes could spread to other countries, which pushed the euro down to one-year lows against the dollar.

Swiss bank UBS' top managers reported a sea change in client confidence that should stem outflows of client cash by the end of this year.

Greece has signed up to a package of austerity measures designed to cut its deficit by 11 percentage points between 2009 and 2014, an aim that will deepen the recession and could spark a social backlash. The measures agreed this weekend with the EU and IMF include more tax hikes and steeper cuts in wages and bonuses, in return for a record 110 billion euro ($146.5 billion) bailout. [ID:nLDE64107I] According to the aid plan, Greece will have to save an extra 30 billion euros on top of tough measu...

With bullion analysts predicting a rise in gold prices following the European crisis and the Chinese crackdown on realty, scrap gold sales are set to shoot up. Scarp gold sales are normally up at a time when the gold prices go up as several people rush in to book profits. In April, India witnessed a surge in sales of old gold jewellery after remaining more or less tepid since the beginning of the new year. A consumer who wishes to sell old jewellery to a scrap trader is a contributor to recycled...

UBS boss Oswald Gruebel predicted moderate asset withdrawals in the short term as the Swiss bank's forecast-beating quarterly results gradually start to boost client confidence and wealth advisors' morale.

Markets reacted skeptically on Monday to a record 110 billion euro ($145 billion) bailout for Greece, with investors doubting it would offer more than temporary relief to a euro zone shaken by divisions and saddled with high debt.

Markets reacted skeptically on Monday to a record 110 billion euro bailout for Greece, with investors doubting it would offer more than temporary relief to a euro zone shaken by divisions and saddled with high debt.

Those investors who were banking on the bad news from Europe to help gold prices rise may have to think twice. With several market analysts predicting a big bull run in bullion, investors have been rushing to gold as a safe haven following the disastrous news spread about the financial crisis in Spain, Portugal and Greece. And, this week more doomsday predictions cropped up about an imminent slump in China also.

Bullion and precious metal investors heaved a sigh of relief this week, following the decision of EU and IMF to bail out debt-ridden Greece. In fact, the Greek tragedy and the cascading impact on other European nations had hit the bullion market and palladium and platinum prices. With the Greek tragedy threatening to spread to other nations like Spain and Portugal, gold prices became unpredictable for investors and even the demand for platinum group metals (PGMs) showed a decline fearing that th...

France will increase its debt issue plans for 2011, 2012 and a part of 2013 to finance a loan package for Greece, Economy Minister Christine Lagarde said in a newspaper interview published on Monday.

The euro dropped on Monday and stocks fell on fears that a 110 billion euro bailout of Greece will face stiff political challenges, while fresh steps by China to cool its economy added to near-term uncertainty.

European nations aim to formally launch the biggest ever financial bailout of a country this week, hoping to calm markets wary that Greece's rescue may be the first of several, expensive measures to shore up other economies.

(Corrects fall in euro to more than 12 pct from 14 pct in paragraph 12)

Gold prices remained highly volatile in Asian trade Monday as bailout package for debt-laden Greece eased safe haven concerns. Gold for immediate delivery was seen trading at $ 1177.64 an ounce at 12.00 noon Singapore time while June gold futures was at $ 1178.25 an ounce at the same time.

The euro sank nearly 1 percent on Monday and stocks fell on fears that a 110 billion euro bailout of Greece will face stiff political challenges, while fresh steps by China to cool its economy added to near-term uncertainty.

Australia: The Australian Dollar fell on Friday's trading again on the back of weaker equity markets and talk increased that US investment bank Goldman Sachs might be the subject of a criminal prosecution by the US Justice Department in addition to the civil case recently brought by the SEC.

April's jobs report and a slew of other economic indicators may bolster U.S. stocks this week, but jitters over Greece's debt and investigations into Goldman Sachs will test the market's resiliency.

April's jobs report and a slew of other economic indicators may bolster U.S. stocks this week, but jitters over Greece's debt and investigations into Goldman Sachs will test the market's resiliency.