Instead, ING's Belgian insurance operations will be included in the European and Asian business, which is being readied for an eventual listing, the person told Reuters.
The property, developed by Helical Bar, comprises 101,516 sq ft of office space in the City of London.
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According to Artyom Biryukov, an analyst at HSBC, the central bank lost $4.2 billion from a negative reassessment of its gold position in reserves and another $6.6 billion from currency moves mostly in euro and sterling.
Buyers from the world’s second-largest economy accounted for 4.9 percent of sales in Chelsea, Kensington, Knightsbridge and Belgravia in the three months through September, down from 12.6 percent in the previous quarter,
As of right now, silver price is hovering right around the $35 per ounce price range, with a short-term forecast of $35-$40 through year-end, as well as a price above $50/oz by the end of 2012. This according to Thomson Reuters GFMS's Philip Klapwij
The gold bullion coin will feature a portrait of Sheikh Mohammed on one side, and on the other, an image of the Palm Jumeirah.
Investors do not want to hold money in banks these days, fearing a bank run. Moreover, the financial situation in the US is not getting better.