Spain's Santander shrugged off concerns of a debt crisis at home and showed its overseas expansion ambitions are still intact with the buyout of its Mexican division for $2.5 billion.
IBTimes had an interview with James Turk, Founder & Chairman of GoldMoney.com.
Who is your target audience?
We have around 15,000 clients all over the world, and they share one common aim. They want to protect their wealth from the turmoil of national currencies and the uncertainty surrounding the ongoing financial crisis. So they want to own gold and find GoldMoney a convenient, economical and most importantly, a safe way of doing that. There is over $1 billion of customer assets in GoldMoney...
Is platinum outperforming gold as far as hallmarking is concerned in the United Kingdom? It looks so. Recent data shows that demand for platinum hallmarking is surging while the same for gold is coming down.
Shares in British oil company BP fell 4.9 percent on Wednesday on concern over its dividend payment, as it continued battling to contain an oil spill in the Gulf of Mexico.
Japan's Hitachi Ltd said on Wednesday it still expects to win an order for a large train project in Britain, but it acknowledged that some modifications to the $11 billion deal were likely.
As driven by a late-rally in the Wall Street, WTI crude oil price ended the day with small gains. After market close, API's report showing a dip in crude inventory boosted the market further. However, we doubt if the strength can sustain as sovereign crisis in the Eurozone has shown intensified signs of contagion. Gold price retreated after hitting a new record at 1254.5. Yet, outlook is still bullish for the yellow metal as long as worries over deficits problems persist and uncertainty over glo...
Most Asian stock markets clawed back early losses on Wednesday and the euro stabilized as news of stronger-than-expected exports from China offset worries that Europe's debt problems will stifle demand for Asian goods.
What is your Prediction for Gold in 2010 and 2011
Many are projecting gold to perhaps double in the span of one to two years. I think this would only be the case under one or two very severe circumstances. The most prominent threats are that the euro is abandoned or substantially restructured or there are a series of prominent downgrades amongst the major economies.
The euro remained fragile on Wednesday, although it held above a recent four-year low on the dollar, and higher-risk currencies such as the Australian dollar gave back gains as Asian share markets fell.
The Australian Dollar climbed almost 1 cent during the local session yesterday despite a weaker than expected reading from the NAB Business Confidence Survey.
Yahoo Inc said it signed British soccer star David Beckham as a brand ambassador ahead of the World Cup tournament in a move to draw more users to the online media company's products.
McDonald's Corp reported a stronger-than-expected 4.8 percent rise in worldwide May sales at established restaurants, but said it expects a weak euro to take a bite out of full-year profits.
European Union finance ministers said on Tuesday they must do more to restrain spending and contain a debt crisis that threatens to spread to countries that do not use the euro such as Hungary and Britain.
European Union finance ministers said on Tuesday they must do more to restrain spending and contain a debt crisis that threatens to spread to countries that do not use the euro such as Hungary and Britain.
British telecoms group BT said it had made a new two-year pay offer to its workers in a bid to avert its first strike for more than two decades.
Employers in most economies are more likely to add workers than three months ago, including those in the United States, but big gains are limited to booming emerging economies like Brazil, India and China, according to a quarterly survey by Manpower Inc .
Finance ministers from the debt-stricken euro zone sought to restore financial markets' confidence on Monday by agreeing how to deploy a vast anti-contagion program if needed by struggling members.
The Australian Dollar opens lower against the greenback today at 0.8100. Support at US82 cents gave way yesterday very early in the local session as equity markets lost almost 3 per cent and the 16-nation Euro currency slid to new multi-year lows.
European finance ministers sought to calm nervous markets Monday by nailing down details of a massive financial safety net for the euro zone as Germany unveiled new budget cuts it hopes will set an example for its partners in the bloc.
British insurer Prudential's management sought to ease shareholder anger over its botched bid for AIG's Asian unit at a meeting on Monday, unveiling bumper sales and apologizing for the misadventure's huge costs.
British insurer Prudential's top bosses sought to ease shareholder anger over its botched bid for U.S. group AIG's Asian unit, publishing bumper sales and apologizing for the misadventure's hefty cost.
The euro sank to four-year lows on Monday and stocks and commodities fell as increasing market volatility prompted investors to shed even more risky bets.
