GERMANY

Gold, Silver Mining Stocks Vault Higher

IBTimes Logo
Gold and silver mining company shares jumped Monday as the price of the metals surged and the broader equity markets turned sharply higher on a pledge by leaders of Europe's richest countries to save the continent's banks.
More news
IBTimes Logo

Gold up More Than 2% on Hope European Banks Will be Protected

Gold rose more than 2 percent on Monday, lifted by weakness in the dollar versus the euro after France and Germany pledged to come up with a proposal to recapitalize euro zone banks, while traders remained cautious ahead of further details of the plan.
IBTimes Logo

Gold Price up Nearly 1% in Indian Trading

India gold rose nearly a percent on Monday afternoon, extending gains for another session, following a similar trend in overseas markets, although a rising rupee checked gains, dealers said.
IBTimes Logo

European pledge lifts Wall Street 2 percent

Stocks rose sharply in early trading on Monday after a renewed pledge by France and Germany to come up with a plan to resolve the euro zone debt crisis by month's end lifted sentiment.
French President Sarkozy and German Chancellor Merkel address a news conference at the Chancellery in Berlin

Germany, France Strategize to Stabilize the Euro

The leaders of Germany and France have promised to unveil new measures to solve the euro zone's debt crisis by the end of the month, as international pressure builds for bold steps from Europe to avert an economic backlash of global proportions. But they declined to reveal any details.
U.S. dollar and other currencies

European Banks and Dexia Breakup: The Scary Math Behind Them

On the heels of the French-Belgian bank Dexia breakup, German Chancellor Angela Merkel and French President Nicolas Sarkozy announced a promise to come up with a plan by month-end to recapitalize European banks and deal with Greece's debt burden
IBTimes Logo

Stock futures gain on French-German pledge

Stock index futures rose on Monday as a renewed pledge by France and Germany to come up with a plan to tackle the euro zone debt crisis by month's end lifted sentiment.
IBTimes Logo

Futures signal higher Wall Street opening

Stock index futures pointed to a higher opening for equities on Wall Street on Monday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 rising 0.9 to 1 percent.
A huge Euro logo is pictured past the headquarters of the European Central Bank (ECB) in Frankfurt

Euro Jumps on Franco-German Rescue Promise

The euro rose to its highest in more than a week versus the dollar Monday, supported by a renewed German and French pledge to unveil a comprehensive plan by the end of the month to rescue the region from a sovereign debt crisis.
French President Sarkozy and German Chancellor Merkel address a news conference at the Chancellery in Berlin

Sarkozy, Merkel Agree to Forge Euro Rescue Plan

The leaders of Germany and France have promised to unveil new measures to solve the euro zone's debt crisis by the end of the month, as international pressure builds for bold steps from Europe to avert an economic backlash of global proportions.
IBTimes Logo

Dexia agrees to Franco-Belgian rescue deal

Franco-Belgian bank Dexia agreed early on Monday to the nationalization of its Belgian banking division and secured 90 billion euros ($121 billion) in state guarantees in a rescue that could pressure other euro zone governments to strengthen their banks.
Canadian, Austrian gold coins

Gold Price Gains More Than 1% as Dollar Falls

Gold rose more than 1 percent on Monday as the dollar fell versus the euro after France and Germany pledged to strike a proposal to recapitalize euro zone banks, while traders remained cautious ahead of further details of the plan.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.