The low in interest rates has pushed the demand for gold as an investment at Deutsche Börse to a record high in the past year. 117.6 tons of the precious metal are now stored in the vaults of the stock exchange in Frankfurt, according to the company. Source: Wirtschaftswoche
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Speaking in an interview in the February issue of “Gold Investor” — a magazine issued by the World Gold Council, Greenspan argued that imbalances in the economic strength of eurozone nations make the continued function of the single currency area a major concern. Source: Business Insider
Le Pen’s promise to take France out of the euro zone might well devastate Russia’s economy and financial stability. Russia holds close to 40 percent of its foreign currency reserves in euros. President Vladimir Putin said his country is “not interested in the collapse of the euro zone.” Source: Bloomberg
Germany wants China to create a fairer business environment for foreign companies, especially German carmakers seeking to tap into Beijing’s drive for greener cars. German companies have long complained of obstacles to investment and acquiring local firms in China. Source: Reuters