Gold price falls to six-year low

Gold price falls to six-year low
… as a defensive asset that performs well in periods of economic turmoil but poorly in more stable, higher interest-rate environments, has been in steady decline since hitting an all-time high of $ 1,837 per troy ounce during the European sovereign …
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United Nations General Assembly adopts basic principles on sovereign debt
A draft resolution on “Basic Principles on Sovereign Debt Restructuring Processes” (A/69/L.84) was adopted by the General Assembly of the United Nations in New York at its Sixty-Ninth Session on 10 September 2015, with 136 member States voting for, six …
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recovery stymied by debt
The €78bn bailout Portugal secured from the EU and IMF in 2011 averted a looming sovereign debt crisis. After completing a tough three-year adjustment programme, Lisbon was able to resume financing its debt in the market in May 2014 and has since built …
Read more on Financial Times

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