Gold Climbs after Yellen Walks Back Talk of Rate Hike

Gold prices climbed Wednesday, a day after the commodity finished lower on the back of comments from U.S. Treasury Secretary Janet Yellen, which were viewed as bearish for precious metals. Yellen, formerly head of the Federal Reserve, initially suggested in an interview published Wednesday that the Fed may need to raise interest rates to rise […]
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Software Firm SUSE seeks Valuation of nearly 7B in IPO

BERLIN Reuters Enterprise software company SUSE set the price range for its initial public offering in Frankfurt at 29 to 34 euros per share on Wednesday, implying a market capitalisation of between 4.9 and 5.7 billion euros 5.96.9 billion. SUSE, whose opensource software helps run applications on cloud servers, mainframe computers and devices at the […]
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GBP Climbs on BoE thoughts, RiskOff mood boosts CHF

Rates as of 0500 GMT Market Recap The main action yesterday was in stocks, which evidently didnt like the idea of higher interest rates. Speaking at an event, US Treasury Secretary Yellen said, It may be that interest rates will have to rise somewhat to make sure that our economy doesnt overheat, even though the […]
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