Posts Tagged ‘portugal’

Recently there has been much talk about the possibility of a war with Iran. And, as one can expect the main stream media is involved in a deliberate process of distorting the true facts, just as they were before the US invaded Iraq. Full story

Gold for December delivery rose $50.10, or 2.7%, to $1,879.30 an ounce in midday trade in New York — within striking distance of the metal's $1,891.90 settlement record set a week and a half ago. The jump comes after data showed the US added no jobs in August sparking renewed fears that the world's biggest economy is heading back into recession. Gold benefited because the ... Full story

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Gold rose for a second straight day as mounting government debt in Europe boosted demand for the precious metal as a haven. The euro declined against the dollar after Moody's Investors Service cut Portugal's credit rating to junk, renewing concerns Full story

Gold Bars * Portugal cut renews safety play, gold at 1-1/2 wk high * Early gold gains won on China, euro zone fears * Asian buyers return after prices dip below $1,500/oz * Next big technical target seen at $1,550/oz (Recasts, updates prices, market Full story

Read more : monetary base,gold money,silver,silver etf The end of June marks the end of QE2. So what does that mean for the US economy Full story

Last year Greece was in trouble. A year later the problem has deepened. While Greece may need up to 70 billion euros ($100 billion), on top of the existing EU-IMF loan, to keep from going bankrupt as it is unlikely to be able to return quickly to international borrowing markets sadly I think the country is doomed: Portugal, Ireland, and Spain are also drowning in ... Full story

By Portuguese bond yields fell after Portugal agreed a three-year 78-billion-euro ($116 billion) bailout with the European Union and IMF on Tuesday, becoming the third euro zone country in a year, after Ireland and Greece, to seek financial aid. Full story

LONDON (AFP) London shares steadied on Monday, as traders tracked the latest news over a possible EU-IMF bailout for Portugal, but safe-haven gold hit another record pinnacle. Full story

LONDON (AFP) Europe's main stock markets and the euro steadied on Monday, as traders tracked the latest news over a possible EU-IMF bailout for Portugal, but safe-haven gold hit another record pinnacle. London's FTSE 100 index gained 0.06 percent to Full story