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Gold prices dip as Spain downgrade hurts euro

Gold prices slipped back towards $1,550 an ounce on Friday, ending the metal’s three-session rally, as a ratings downgrade of debt-laden Spain pressured the euro, and consumers in major Asian bullion-buying centres shunned the precious metal.

Markets

Markets

Q4 figures give hope to Honda

Honda Motor said its full-year profit plunged 60.4 percent but it showed signs of recovery in the final quarter, bouncing back from the impact of natural disasters in Japan and Thailand.

Markets

Markets

Spain downgrade reinforces debt crisis fears

Spain’s economic problems were put in sharp relief Friday as figures showed unemployment is near 25 percent and a credit ratings agency hours earlier downgraded the country’s debt rating, warning it faces an uphill battle to get a grip on its finances.

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S&P downgrades Spain, calls for EU action

Markets

S&P downgrades Spain, calls for EU action

Standard & Poor’s on Thursday cut its credit rating on Spain by two notches, citing expectations the government finances will deteriorate even more than previously thought as a result of a contracting economy and an ailing banking sector.

Markets

Markets

Starbucks profit up, but Europe is a challenge

Starbucks Corp reported better-than-expected quarterly profit but global sales at established coffee shops fell short of analysts’ estimates due to weakness in Europe, sending its shares down five percent in after-hours trade on Thursday.

Markets