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Gold has hit a series of historic peaks in recent days and weeks

Gold hits record high 1,180 dollars

Wednesday,25 November , 2009 -10:46 30

Gold prices soared to a record above 1,180 dollars here on Wednesday on the back of weak greenback, which makes the precious metal cheaper for buyers using stronger currencies, traders said Full Story


ABN Amro Group reports one billion euro loss

Wednesday,25 November , 2009 -10:46 19

This brought its losses for the year to September 30 to 3.6 bln euros, the bank said

Bank group ABN Amro reported a third quarter loss of a billion euros (1 Full Story

Australia to ride 'powerful' resources wave

Wednesday,25 November , 2009 -09:50 00

Australia is expecting an Asia-led boom in resources investment over the next five years

Australia is expecting an Asia-led boom in resources investment over the next five years, bringing "powerful and broad-ranging" economic benefits, according to its central bank Full Story

Chinese banks may need to raise billions: reports

Wednesday,25 November , 2009 -09:49 48

11 banks listed in Shanghai and Hong Kong might need to raise 326 billion yuan

Chinese banks may need to raise billions of dollars in the next few years as massive lending erodes their capital and leaves them vulnerable to bad debts, a pair of research reports has warned Full Story

Taiwan, US to resume trade talks next year: envoy

Wednesday,25 November , 2009 -09:49 37

Taiwan and the US are expected to resume their dialogue on a key trade and investment pact in the new year

Taiwan and the United States are expected to resume their dialogue on a key trade and investment pact in the new year, a US envoy was quoted as saying Wednesday Full Story

We're running out of gold: miners

Wednesday,25 November , 2009 -07:58 43

Almost everywhere, mineral deposits are being exhausted

Gold production will continue to fall, despite a brief boost in 2009 and soaring prices, as deposits are exhausted and new discoveries remain elusive, say miners Full Story

Zoellick warns of asset bubble risks

Wednesday,25 November , 2009 -07:58 32

World Bank President Robert Zoellick

The post-crisis world economy faces new risks from investment bubbles that risk plunging millions back into poverty, according to World Bank chief Robert Zoellick Full Story

BBC holds talks over floating commercial arm: report

Wednesday,25 November , 2009 -05:38 09

A BBC spokesman said there were no plans to sell Worldwide

The BBC has held talks with financial advisers about floating part of its commercial arm on the stock market, amid pressure over its market share and public subsidy, a report said Wednesday Full Story

Japan posts 9.1-billion-dollar trade surplus in October

Wednesday,25 November , 2009 -03:18 18

People cross the road in the Ginza shopping district in downtown Tokyo

Japan on Wednesday posted a trade surplus for the ninth straight month in October, as the world's number two economy gradually emerges from deep stagnation, thanks to recovery in the rest of Asia Full Story

IMF boosts lending scheme to 600 billion dollars

Wednesday,25 November , 2009 -02:09 31

The IMF said that a lending scheme to aid countries hit hard by the financial crisis has been increased to $600 billion

The International Monetary Fund said Tuesday that a lending scheme to aid countries hit hard by the latest financial crisis has been increased to 600 billion dollars Full Story

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