India gold futures fell back on Tuesday afternoon to their lowest level in a week, following overseas trends, where fears of a possible credit rating downgrade for eurozone nations by Standard & Poor's weighed.
European stocks, bond futures, and the euro were sent reeling on Tuesday by the shock warning from Standard & Poor's that it might downgrade euro zone countries en masse if no credible plan to solve the debt crisis emerges at a summit later this week.
Crude oil prices declined in Asian trade on Tuesday, after credit ratings agency Standard & Poor (S&P), warned six triple A-rated Eurozone members they may suffer ratings downgrades, amid the continuing carnage of the Eurozone debt crisis.
Members of a neo-Nazi cell alleged to have killed at least 10 people in Germany between 2000 and 2006 had distributed an anti-Semitic version of the popular board game Monopoly called Pogromly, in which the playing field constitutes of Nazi symbols, German authorities said.
Asian stocks declined for the first time in a week, after credit ratings agency Standard & Poor (S&P) placed 15 Euro nations on review, for a possible downgrade.
It was a long time ago -- 70 years ago today -- but it's an event no one should forget: the start of the Battle of Moscow, 1941-42, during World War II. Roughly 1 million heroic Russians lost their lives in the bloodiest land battle in human history -- a battle that marked the beginning of the end for Adolph Hitler and for Nazi Germany.
Standard & Poor's is expected to announce later on Monday that it may downgrade the credit ratings of all 17 euro zone countries, two EU officials told Reuters.
As Oracle, SAP and IBM snap up rivals in business analytics software, Information Builders will stay independent, founding CEO Gerald D. Cohen told International Business Times.
Shares in Samsung Electronics Co Ltd rose more than 2 percent on Monday after Apple Inc's bid to halt U.S. sales of its Galaxy line of products was rejected, easing concern of slowing growth in its telecom business, which generates revenue of $13 billion per quarter.
Standard & Poor's has warned Germany, France and four other top-rated euro zone countries that they risk losing their AAA rating in the next 90 days as the region's debt crisis deepens, the Financial Times reported on Monday.
Growth in the U.S. service sector eased last month, and new orders for factory goods fell in October, tempering recent optimism that the U.S. economy may be poised for a more vigorous rebound.
The aforementioned designation suggests a 50 percent chance of a downgrade within 90 days.
The leaders of France and Germany said on Monday they would push for EU treaty change by March to introduce closer fiscal union and sanctions for countries flouting deficit limits in a bid to shore up confidence in the euro zone.
Stocks jumped at the start of what could be the most important week of the year for Wall Street as hopes grew that European leaders will find a solution to the region's debt crisis at a summit on Friday.
European stocks rose to a five-week closing high on Monday, after French president Nicolas Sarkozy and German chancellor Angela Merkel agreed on a range of measures to help resolve the Eurozone debt crisis.
Gold prices fell Monday after European leaders and Italy's new head of state produced specific plans for containing their sovereign debt crisis.
Stocks jumped at the start of what could be the most important week of the year for Wall Street as hopes grew that European leaders will find a solution to the region's debt crisis at a summit on Friday.
Following are highlights of a news conference by French President Nicolas Sarkozy and German Chancellor Angela Merkel following bilateral talks in Paris to hone joint proposals for more central control of euro zone budgets.
Growth in the U.S. service sector eased last month, and new orders for factory goods fell in October, tempering recent optimism that the U.S. economy may be poised for a more vigorous rebound.
Following are highlights of a news conference by French President Nicolas Sarkozy and German Chancellor Angela Merkel following bilateral talks in Paris to hone joint proposals for more central control of euro zone budgets.
Merkel said France and Germany are demanding structural changes which go beyond agreements.
He also suggested Kabul would need financial and other types of support for at least a decade beyond the withdrawal of foreign troops.
