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.
European finance ministers triggered a record 110 billion euro ($147 billion) bailout for debt-stricken Greece on Sunday after Athens committed itself to years of painful austerity.
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.
Greece committed itself to years of painful sacrifices to secure a massive European Union and IMF financial bailout on Sunday, and Germany's chancellor finally threw her full support behind the rescue.
Greece has sealed a deal with the European Union and IMF that opens the door to a multi-billion euro financial bailout and will require big sacrifices from the Greek people, Prime Minister George Papandreou said on Sunday.
Greece has sealed a deal with the EU and IMF that opens the door to a multi-billion euro financial bailout but will require major sacrifices from the Greek people, Prime Minister George Papandreou said on Sunday.
Greece has sealed a deal with the European Union and the IMF that opens the door to a multi-billion euro financial bailout of the heavily indebted euro zone member, a senior government official said on Sunday.
Greece appeared set to announce a deal with the European Union and the IMF for a multi-billion euro financial bailout on Sunday, a day after thousands protested in Athens against planned state cutbacks.
Greece hopes to secure a deal with the European Union and the IMF for a multi-billion euro financial bailout to be announced on Sunday, a day after thousands protested in Athens against planned state cutbacks.
Greece expects to conclude talks with European Union and IMF officials on a multi-billion euro financial bailout on Saturday, a government official said, while thousands protested in Athens against planned state cutbacks.
Stocks tumbled on Friday to close out the worst week since January as news of a criminal probe into Goldman Sachs unnerved investors already anxious about the prospects for heavy regulation from Washington.
Standard and Poor's starring role in the latest chapter of the European debt crisis has rekindled criticism on Wall Street about the role of rating agencies in credit markets.
U.S. stocks tumbled on Friday to close out the worst week since January as news of a criminal probe into Goldman Sachs unnerved investors already anxious about the prospects for heavy regulation from Washington.
Global equities rose and the euro held on to gains on Friday as Greece readied new austerity measures to secure a multi-billion-euro aid package that could be announced in coming days.
Global oil prices extended gains in Asian trade Friday mainly on encouraging reports of resurgence in global economy. Light sweet crude for June delivery was seen trading at $85.61 a barrel at 11.30 a.m Singapore time while Brent crude was at $87.12 a barrel at the same time in London.
Stocks rose on Friday and the euro steadied on hopes that a fractious European Union will agree on a bailout package for Greece within days as it struggles to keep the debt crisis from spreading to other weak countries. Shares were also buoyed by strong earnings reports from major U.S. companies, which pushed up Wall Street stocks and bolstered hopes that the world's largest economy was picking u...
Stocks rose on Friday and the euro steadied on hopes that a fractious European Union will agree on a bailout package for Greece within days as it struggles to keep the debt crisis from spreading to other weak countries.
U.S. stocks chalked up their best day in nearly two months on Thursday as investors welcomed a string of robust earnings reports, while Greece appeared close to a bailout deal, easing fears about a wider sovereign debt crisis.
