Soros

Gold and silver go higher on physical buying

May 17, 2011 - 9:25am | Markets | News

On Tuesday precious metals gold and silver moved higher driven by light physical buying in Asia as investors scrutinize the currency market for direction.

The euro held steady above a seven-week low hit on Monday after euro zone finance ministers approved a three-year, 78-billion euro emergency loan program for Portugal, easing worries over the region's sovereign debt crisis.

"People don't have a clear idea where things will go from here, and are following the euro closely," said Peter Fung, head of dealing at Wing Fung Precious Metals in Hong Kong.

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"The economic freefall has been stopped...", Soros

May 11, 2009 - 4:29am | Analytics | News

According to the Reuters report, a billionaire investor George Soros stated on Monday that the US economic incentives are starting to work that led to the easing of the economic recession.

Soros expects the recovery to make up for around half of the current downturn and then he anticipates the move into stagnation. In spite of the fact dollar is still revealing weakness, he has a firm belief the US currency isn’t to lose much versus the euro, and he sees the buck to reverse the downtrend direction.

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How to recover U.S. economy? Speaks Soros

January 20, 2009 - 5:19am | News | Other themes

On Monday speaking to U.S. Conference of Mayors, hedge fund manager and billionaire philanthropist George Soros told that the bailout plan of the U.S. government to recover the country economy is necessary to the American people yet it cannot stop the economic decline. He noted that the funds are not enough to turn the situation into the right routine, adding that $350 billion remnant of the TARP will not be enough.

Bailout | Soros | TARP | U.S. economy

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