Gold edged down on Friday and was heading for its biggest monthly loss since September as European shares traded near seven-year highs and upbeat US data supported expectations of a rate hike by the Federal Reserve this year.
Royal Bank of Scotland (RBS) will shrink investment banking operations drastically, pulling out of 25 countries across Europe, Asia and the Middle East and allowing the state-controlled lender to refocus on lending in Britain.
Germany's Lufthansa said it will not pay a dividend for 2014 after its results were hit by the sale of an IT unit, an increase in pension liabilities and losses from fuel hedging activities.
Some analysts had already said Luft
Gold inched up on Friday as the dollar softened, but was heading for a third week of losses on expectations of higher US interest rates and hopes of a deal between Greece and its creditors.
Spot gold rose 0.2 per cent to $1,224.50
Gold edged down on Friday as the impact of a firmer dollar more than offset lower European equities ahead of keenly awaited US employment data, and looked set to post its biggest weekly loss in almost two months.
A strong US jobs
Tata Motors, India's biggest automaker by revenue, posted a fall in quarterly profit, missing analyst estimates, due to losses in its domestic business, unfavourable foreign exchange rates and a dip in sales at its Jaguar Land Rover unit.
Bahrain’s national carrier Gulf Air slashed its losses by a third last year compared to the previous year, it has been revealed.
The government-owned carrier lost BD63 million ($166 million) last year, compared to BD89.5 mil
Gold rose as lower European shares boosted demand for assets perceived as safe, but the metal looked set to post its third straight weekly loss, weighed down by a strong dollar.
Spot gold was up 0.3 per cent to $1,185.70 an ounce
Gulf countries could lose at least half their oil revenues or around $350 billion a year as crude prices plunge, according to senior analysts.
The GCC states, which pump about 17.5 million barrels per day, are
Brent crude oil fell on Monday to a five-year low below $68 before recovering most of the losses as investors looked for a price floor after Opec's decision last week not to cut production.
US crude and Brent have fallen for f