World stocks climbed to their highest levels in more than 27 months on Wednesday as investors seized on indications of stronger growth in 2011.
US Treasuries steadied after dismal demand at an auction of five-year debt on Tuesday sent yields higher, boosting their relative value for some investors. The dollar fell against a basket of major curre
Business & Finance Club - Cairo : Egypt’s Industry and Trade Minister Rachid Mohamed Rachid said that the rate of industrial growth in Egypt reached 5.5% this year
Business & Finance Club - Bahrain (Manama) - Bahraini Minister of Industry and Commerce Dr. Hassan Abdullah Fakhro received the Finance Minister of the German
Business & Finance Club - New York : Children's clothing maker Gymboree Corp (GYMB.O) is selling itself to buyout firm Bain Capital Partners for $1.8 billion, it said on Monday, as
Germany plans 320 bln euros debt issuance in 2011
Business & Finance Club - Germany : Germany is planning to sell 320 billion euros worth of debt in 2011, a Finance Ministry spokesman said on Wednesday.
The planned debt would comprise some 57.5 billion euros in net new borrowing and 262.6 billion in follow-up financing, he added.
Germany originally planned to issue 343 billion euros in debt this year but that figure has fallen to 338 billion and could yet fall further as the government enjoys additional tax revenues from a stronger-than-expected economic recovery.
