Gold edges up towards one-month high as economic fears remain
20 Oct 2014 | 2:41 am
By A. Ananthalakshmi SINGAPORE (Reuters) - Gold edged up on Monday towards a one-month high, recovering from earlier losses, as concerns about a slowdown in the global economy persisted despite strong U.S. data. Spot gold edged up 0.2 percent to $1,240.40 an ounce by 0701 GMT after earlier falling 0.3 percent. The metal has gained nearly 4 percent in the past two weeks and hit a one-month high of $1,249.30 on Wednesday. Japanese stocks led a rally in Asia on Monday, after solid U.S. ...
Japan stocks see biggest gain this yr, lead sharp Asia rebound
20 Oct 2014 | 2:31 am
By Lisa Twaronite TOKYO (Reuters) - Japanese stocks led a rally in Asia on Monday, after solid U.S. data and earnings calmed tumult in global financial markets and reassured investors worried about the health of the world economy. The Thomson Reuters/University of Michigan index of consumer sentiment was surprisingly strong in early October, rising to more than a seven-year high. Other data also showed new housing starts rose more than expected last month, suggesting U.S. economic growth was solid. The upbeat U.S. ...
South Africa's rand, govt bonds steady as market awaits budget
20 Oct 2014 | 2:24 am
JOHANNESBURG (Reuters) - South Africa's rand traded in a narrow range against the dollar on Monday, with domestic focus firmly on Finance Minister Nhlanhla Nene's medium term budget statement for an update on the health of the economy. Nene is likely to cut the GDP growth forecast for 2014, largely due to crippling wage strikes earlier in the year, and will probably predict a wider budget deficit than seen in February. The rand was at 11.0780 versus the dollar at 0646 GMT, little changed from Friday's close at 11.0800. ...
Japan minister's quitting a hitch, but won't affect reactor restart
20 Oct 2014 | 2:22 am
By Mari Saito and Kentaro Hamada TOKYO (Reuters) - Japan's plan to restart nuclear reactors shut down after the Fukushima disaster will not be affected by Monday's resignation of the industry minister, but Prime Minister Shinzo Abe is losing a convincing advocate of a move viewed mostly with suspicion. Forty-year-old Yuko Obuchi's resignation from the Ministry of Economy, Trade and Industry, six weeks after she was appointed, is the latest hitch in a process bogged down by documentation over safety standards, concerns about natural disasters and local opposition. ...
Polish president wants euro decision after 2015 vote: report
20 Oct 2014 | 2:20 am
WARSAW (Reuters) - Poland should decide on its path towards euro accession following parliamentary elections due in the autumn of 2015, President Bronislaw Komorowski was quoted as saying on Monday. The largest economy in Europe's emerging east is obliged by the terms under which it joined the European Union in 2004 to adopt the single currency at some point. The government has not set a target date, however, and says it will not do so until it has seen the final shape of new euro zone institutions. ...
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