Posts Tagged ‘Year’

Republic Of Ireland Back In Recession

Republic Of Ireland Back In Recession

The Republic of Ireland dropped back into recession during the final three months of 2011, the latest official figures have revealed. The nation’s economy shrank 0.2% between the months of October and December last year, after it contracted by 1.1% during 2011’s third quarter. Recent data from the Central Statistics Office indicated that the weak [...]

Mexico’s Carlos Slim World’s Richest Man For Third Year In A Row

Mexico’s Carlos Slim World's Richest Man For Third Year In A Row

The Mexican telecoms mogul Carlos Slim has topped Forbes’ annual list of billionaires for the third year in a row. According to latest reports, his personal fortune stands at US$69 billion. Bill Gates, one of the co-founders of Microsoft (Public, NASDAQ:MSFT), is in second place with $61 billion, and investor Warren Buffett is in third [...]

Gold May Hit $2,300 Per Ounce This Year, US Gold Miner Says

Gold May Hit $2,300 Per Ounce This Year, US Gold Miner Says

Gold is likely to hit $2,300 per ounce during 2012, and may even pass the $3,500 an ounce mark within the next three years. This is according to the Chief Executive Officer (CEO) of US gold miner Alacer Gold Corp (Public, TSE:ASR). Ed Dowling told Bloomberg that concerns regarding sovereign debt, as well as higher [...]

Pakistan Plans To Phase Out Indian Import Restrictions By The Year’s End

Pakistan Plans To Phase Out Indian Import Restrictions By The Year’s End

Pakistan is planning to phase out restrictions on the majority of imports from India by the end of 2012, the country’s government has announced. The decision comes as part of a pledge made by Pakistan in 2011 to liberalise trade with its neighbour India. Many analysts and commentators say the move was expected, and that [...]

Growth In Indian Economy ‘To Fall Below 7%’ For 2011-12 Financial Year

Growth In Indian Economy 'To Fall Below 7%' For 2011-12 Financial Year

Economic growth in India is likely to drop beneath 7% for the 2011-12 financial year, according to recent statistics from the country’s government. A growth forecast made this month, which is a downward revision, reflects a slowdown in India’s agriculture, manufacturing, and mining sectors. But just shortly before the forecast however, Indian Prime Minister Manmohan [...]

Gold Forecasted To Peak At $2,000 During The Next Year

Gold Forecasted To Peak At $2,000 During The Next Year

Gold is predicted to hit a new record level above the $2,000 mark during this year, or early next year. But the new peak is expected to come as the precious metal comes towards the end of a decade-long bull run, according to gold experts. The metals consultancy GFMS believes gold is likely to break [...]

Gold Futures Weaken After Hitting A Six-Week Closing High

Gold Futures Weaken After Hitting A Six-Week Closing High

Gold futures dropped from a six-week closing high point during the course of Asian trading on Tuesday, spurred by the strength of the dollar and a loss of buying support from markets in China – Chinese markets stayed closed at the beginning of this week for the nation’s Lunar New Year holidays. Gold futures for [...]

UK Business Leaders Receive Knighthoods As Part Of Queens New Year’s Honours

UK Business Leaders Receive Knighthoods As Part Of Queens New Year’s Honours

A number of individuals in the UK business world have received honours as part of the British Queen’s New Year’s honours list. The Queen hands out honours to people who have achieved success in various fields at the start of each year. Business leaders who have been honoured this year include Andrew Witty, the chief [...]

Round-Up Of 2011: Key Events Of The Year

Round-Up Of 2011: Key Events Of The Year

Many would agree that 2011 has been an extremely eventful year, particularly in financial and political terms. This article gives a brief review of some of the key incidents of the year, many of which had links to the financial world. With regards to economy and business, serious economic problems continued in Europe and America, [...]

Global Markets Round Off A Tough Year, As Euro Ends 2011 At A Low Point

Global Markets Round Off A Tough Year, As Euro Ends 2011 At A Low Point

International stock markets finished a tough and wild year today. The FTSE 100 of the UK went down by 5.6% through the course of 2011, while markets in France fell by 18% over the year, and German stocks dropped by 15% through the period. US stocks however, saw an overall increase over the last 12 [...]