Out of bounds
Gold continues to rise for a third straight day
Gold rose for a third session on Friday, amid weak performance for Asian equities as some investors attracted to assets considered safe havens by political uncertainty in the United States, following an attack in Spain that killed 13 people.
The spot price of gold rose 0.3 percent to 1291.65 dollars an ounce by 0703 GMT, after rising for two consecutive days.
US gold futures, for delivery in December, jumped 0.5 percent to $ 1298.20 an ounce.
Silver rose 0.4 percent in spot trade to $ 17.07 an ounce, while platinum rose 0.7 percent to $ 979.45 an ounce
government approves the new investment law
The Egyptian cabinet approved on Thursday the new investment law, which aims to attract investors to the country again, to help the economy recover after the revolution of January 25, 2011.
The Egyptian Minister of Investment, Sahar Nasr, said that the law will be referred to the State Council, Be subject to final legal review before it becomes effective.
The law aims to reduce bureaucracy, especially for new projects, and provides more incentives for investors looking to invest in Egypt.
New incentives under the law include a 50 percent tax deduction on investments in undeveloped areas and government subsidies for the cost of connecting facilities to new projects.
Under the law, investors will recover half of what they paid to buy industrial land if production begins within two years. The law reinforces duty-free, private-sector free zones, a policy that delayed the passage of the law because of objections to tax revenues A time when the government pursues austerity policies. The Egyptian President, Abdul Fattah al-Sisi, signed the new investment law, which was long delayed, last June.
NEW YORK (
Reuters) - The solar eclipse is costing nearly $ 700 million to US companies
Adding the total solar eclipse next week to a list of things that distract workers, causing American companies loss of production in the hundreds of millions of dollars. US employers lost production losses estimated at about 694 million dollars in about 20 minutes estimated Challenger Gray & Christmas "that workers will cut from the day of their work next Monday to get out of their offices to follow the eclipse, which will take about two and a half minutes.
The Chicago vice president, Andy Challenger, said 20 minutes was a conservative estimate, noting that many people may take longer to do their own telescopes or glasses or even take a holiday that day.
"There are very few people who will not come out when there is a celestial phenomenon," he said. Challenger estimated the number of workers that day at about 87 million people.
On the occasion of CyberManday or Two Internet, a term for Monday following the Thanksgiving holiday in the United States companies incurred production losses estimated at about $ 450 million for every 14 minutes I spent in shopping and not at work.
Challenger said such events are likely to have a big impact on small businesses that, when their workers are absent, do not have enough coverage from their co-workers, especially in the now limited labor market, where skilled labor is difficult to find.
"When three or four people are absent from a 15-person office it becomes devastating," Challenger said.