LONDON: Gold has failed to rally in the face of China's stock market crisis as investors, scorched by a brutal end to the market's 12-year bull run, chose cash and bonds for safety over bullion while they seek clarity on the timing of a U.S. rate increase. While at first glance, the failure of a "safe-haven" asset to respond may seem odd, this behaviour is by no means unusual. As a broad rule, bullion tends to benefit from stock market weakness as an alternative asset, but previous equity crashes show the initial price response can be to fall.
The once taboo subject of a Greek departure from the eurozone cracked in the past couple of weeks, primarily with threats to Greece.
Today the exit discussion dam broke wide open as Eurozone tells members to make contingencies for "Grexit"
Euro zone officials have told members of the currency area to prepare contingency plans in case Greece decides to quit the bloc, an eventuality which Germany's central bank said would be "manageable".
MILAN — Financial investors would prefer Italy avoided new elections, concerned they would just postpone economic reform and bring little hope of resolving a parliamentary deadlock, a survey by U.S. bank Morgan Stanley showed on Friday.
Only significant funding problems and a much deeper recession would reignite the sort of fear that pushed Italy’s 10-year bond yields above 6.5% in July, according to the survey of 317 market participants carried out this week.
Oslo (AFP) - Malala Yousafzai, the global icon of children's rights who survived a near fatal Taliban gun attack, becomes the youngest Nobel Peace Prize laureate on Wednesday, adding yet another distinction to a long list.
Oslo (AFP) - There was no clear frontrunner ahead of Friday's Nobel Peace Prize announcement, with a Russian opposition newspaper, Tunisia's democratic leadership, Pakistan schoolgirl Malala Yousafzai and Pope Francis among a record number of candidates.