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  1. Amid global uncertainties, Swiss to vote on investing nation's wealth in 1,650 tons of goldFri, 28 Nov 2014 12:08:08 GMT
    In Switzerland, a campaign is on to protect the country's wealth by investing in gold - a lot of gold. In a test of their sense of financial security, the Swiss are being asked to vote on a proposal to make the central bank hold a fifth of its reserves in gold within five years. More...
  2. Housing investors plough on undeterredFri, 28 Nov 2014 10:03:20 GMT
    Demand for housing loans continues to grow in leaps and bounds, yet Australia's regulators appear in no rush to dampen the market. Reserve Bank of Australia figures show investor loans for housing grew by a solid one per cent in October, the fastest monthly increase in more than seven years. More...
  3. Trinamool slams SBIs 1bn loan to Adani groupFri, 28 Nov 2014 05:53:47 GMT
    The Trinamool Congress on Thursday objected to government-owned State Bank of India sanctioning $1 billion as loan to the Adani group's coal project in Australia and called it "crony capitalism". Gautam Adani signed a memorandum of understanding for a loan of up to $1 billion from the SBI for the mine, rail and port project in Queensland, which it aims to build by end-2017. More...
  4. Finance News Update, what you need to knowFri, 28 Nov 2014 01:39:15 GMT
    The Australian dollar is lower after the European Central Bank re-affirmed its commitment to jump start the region's economy. At 0630 AEDT on Friday, the local unit was trading at 85.48 US cents, down from 85.84 cents on Thursday. More...
  5. Indonesia Squeezing China as Bauxite Prices Climb: CommoditiesThu, 27 Nov 2014 21:24:44 GMT
    It's been 10 months since Indonesia banned exports of bauxite, used to extract aluminum, in a bid to transform its mining industry, and the global market is still struggling to replace the lost supply. Bauxite prices are up about 15 percent and aluminum is rallying the most since 2009, driving up costs for importers including the world's top buyer, China. More...
  6. Greece says under pressure for new austerityThu, 27 Nov 2014 17:15:07 GMT
    Greek officials an... ATHENS, Greece - A Greek official says the country is under pressure from rescue creditors to impose new austerity measures to resolve an ongoing budget disagreement worth a reported 2 billion euros . Christos Protopapas, a former union leader and Socialist labor minister, said Thursday that international lenders remained at odds with Athens over deficit projections in the 2015 budget. More...
  7. ECB's Draghi: Euro monetary union 'incomplete'Thu, 27 Nov 2014 13:00:45 GMT
    European Central Bank head Mario Draghi says the euro currency union remains "incomplete" and needs to be strengthened with better oversight of member countries' economic policies. Draghi said in the text of a speech Thursday in Helsinki that "for all its resilience, our union is still incomplete." More...
  8. Police with guns drawn chase bank robbery suspects in CalgaryThu, 27 Nov 2014 08:55:54 GMT
    A snowfall warning has been issued for Edmonton, St. Albert and Sherwood Park with 10 to 20 centimetres expected. After the city is pummelled by snow Wednesday night, frigid Arctic air will drop daytime highs into the -20 C range over the weekend, Environment Canada said on its website. More...
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