Gold was little changed around $1,571 a n ounce on Wednesday after falling in the previous session on worries that a global economic slowdown triggered by a worsening debt crisis in Europe could prompt investors to turn to the safety of the U.S. dollar.
Inflation fears helped gold stretch its winning run to an 11th year in 2011, but investors now feel uneasy about deflation after recent reports showed signs of slowing global economic activity, already dented by the debt crisis in Europe.
City Union Bank Q4 net up 14.58% at Rs 82.48 cr
Private sector City Union Bank (CUB) today reported a 14.58 per cent jump in net profit at Rs 82.48 crore for the fourth quarter ending March 31, 2013, from the year-ago period.
At its mee
KL shares close higher Monday
Share prices on Bursa Malaysia closed higher on active buying interest of selected heavyweights and lower liners, dealers said.
The barometer index, the FTSE Bursa Malaysia KLCI (FBM KLCI)
NBK: GCC outlook positive despite oil price drop
The fall in oil prices to below $100 per barrel over the past few weeks has triggered some concerns over the potential impact on the Gulf region’s economy, said a recent report from NBK.
Bahrain real GDP grows 3.9pc in 2012
Bahrain's real gross domestic product (GDP) is estimated to have expanded 3.9 per cent last year from the 1.9 per cent growth seen in 2011, according to a new report.