Front Page: Gold sales to fall due to restrictions, largest trader says

24th November 2011


BRICS

 

Zero-tariff policy gains wide acclaim

China's decision to grant zero-tariff status to some least developed countries has drawn positive responses from the international community. China Daily

 

Investor boost for Moscow Metro brings new line and less gridlock

For the first time Moscow Metro management is looking to attract private investors to build a new subway line in the east of the city. Russia Today

 

Food inflation falls to 9.01%

Food inflation fell sharply to single digit at 9.01 per cent for the week ended November 12 even as prices of most agricultural items, barring potatoes, onions and wheat, continued to rise, on an annual basis. Times of India

 

ANP determines suspension of Chevron's activities in Brazil

The board of the National Agency of Petroleum, Natural Gas and Biofuels (ANP) held a meeting on Wednesday and ordered the suspension of drilling activities in the Friar's Well, in the Campos Basin, and in Rio de Janeiro. Jornal Do Brasil

 

SA's economic ecovery remains slow – report

Business confidence eases slightly in the fourth quarter of this year, suggesting the economy's recovery will remain sluggish. Business Day

 

Developed Markets

 

Merkel ups heat on Greece, rebuffs Brussels

German Chancellor Angela Merkel stepped up the pressure on Greece on Wednesday to commit to reforms, and held to her tough stance against European Commission proposals to introduce eurobonds. The Local

 

BoG: Euro deal is our last chance

Greece's central bank was unusually blunt in its remarks about the state of the country's finances on Wednesday and gave the new government a blueprint for action. Ekathimerini

 

Consumer Confidence Rose to 6-Month High in November

Consumer confidence rose to its highest level in six months in November according to a monthly report by the Bank of Korea on Thursday. The Chosun Ilbo

 

Frontier Markets

 

S&P downgrades Jordan credit rating

Standard & Poor's on Wednesday lowered Jordan's long-term local-currency sovereign credit rating to "BB" from "BB+" expressing concern about the country's economy and political situation. Jordan Business News

 

Oman '12 budget foresees $3.1bn gap, spending up

Oman forecasts a fiscal deficit of 5.4% of GDP next year in its 2012 budget, a finance ministry official said yesterday. Gulf Times

 

Gold sales to fall due to restrictions, largest trader says

Vietnam's largest gold trader, SJC, is expecting sales to fall after the central bank introduces new restrictions on gold trading. Than Nien News

 

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