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Rising gold price in Singapore helps burnish mining stocks

Singapore / DPA The surging gold price has lifted gold mining stocks in Singapore. The precious metal has jumped almost 20 per cent in price since the end of last year to trade above US$1,250 per ounce in recent weeks. Of the three gold miners listed on the Singapore Exchange, two have bucked the bearish tide across the wider market ...

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Corporates in line for ECB funding

Paris / AFP The European Central Bank’s plan to buy corporate bonds to help the eurozone economy is boosting the private-sector debt market which promptly responded with a new record-sized company bond. With interest rates near or below zero and few other monetary policy tools left in its arsenal, the ECB announced earlier this month that it would begin buying ...

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‘I quit over welfare plan, not EU vote’

Bloomberg Iain Duncan Smith, who resigned as U.K. work & pensions secretary last week, denied accusations that his move was aimed at undermining Prime Minister David Cameron amid Conservative Party divisions over the European Union. Duncan Smith told BBC Television’s “Andrew Marr Show” on Sunday he quit solely because the government’s tax and welfare changes are unfair. “This is not ...

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