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Gold rout mars investor appeal, catches out expertsEven the most fierce gold bulls must be feeling sheepish after bullion tumbled its most in 30 years, raising questions about gold's value as part of an investor portfolio. Most experts failed to see the collapse coming. A Reut More… |
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Gold hits 1-week low as funds sellGold hit its lowest in a week on Thursday, pressured by heavy fund liquidation a day after European Commission documents showed Cyprus must sell around 400 million euros' ($523 million) worth of gold reserves under its bailout. More… |
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Blame the Euro, not CyprusCo-CEO and co-founder of Saxo Bank, Lars Seier Christensen believes that the real problem is not Cyprus, it is the Euro, as he has written in his latest blog post. After a few disturbing weeks, I would like to wrap up my comments More… |
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Investors wary of 'slow panic' after Cyprus rescueWorld markets have reacted calmly to the twists and turns of Cyprus's financial rescue in the last fortnight but many investors fear the economic fallout is yet to come. They have sold Europ More… |
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Cyprus rules out leaving Euro zoneThe president of Cyprus yesterday said the risk of bankruptcy had been contained and the country had no intention of leaving the euro, in a speech laden with criticism of Europe's currency union for "experimenting" with the island& More… |
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Cyprus reopens banks under tight curbsCypriots banks reopen on Thursday with tight controls imposed on transactions to prevent a run on deposits after the government was forced to accept a stringent EU rescue package to prevent the country from going bankrupt. More… |
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Cyprus bank controls said to limit outflowsCapital controls to be imposed in Cyprus will limit foreign transactions and capital outflows but not movements of money within the country itself, the head of the Cyprus chamber of commerce said on Wednesday after meeting government officials. More… |
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Gold falls below $1,600 after Cyprus rescueGold fell on Tuesday as safe-haven demand ebbed after Cyprus clinched a last-ditch rescue deal, while the European Central Bank worked to allay anxiety that the bailout could have negative implications for other euro zone states. More… |
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Money fled Cyprus as president fumbled bailoutAs new President Nicos Anastasiades hesitated over an EU bailout that has wrecked Cyprus's offshore financial haven status, money was oozing out of his country's closed banks. In banknot More… |
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Gold slips to 1-week low on Cyprus dealGold fell to its lowest in a week on Monday, as investors unloaded safe-haven assets and sought equities after Cyprus struck a last-minute bailout deal with lenders. Some investors had picked up gold as the crisis in Cyprus had re More… |
