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Silver yesterday settled down -0.5% at 41760 as rupee strengthened slightly, recovering from it

Gold yesterday settled down -0.68% at 27856 dropped in quiet trading on Monday after signs of an impr

The board of directors of Japanese electronics giant, Sony have not accepted a suggestion by billionaire Daniel Loeb to sell stake in its entertainment business.

The board took a unanimous decision not to accept the suggestion indicating that the full ownership of the of the film and music units in an important element for the company, the Tokyo-based company said in a statement. Third Point LLC headed by Mr. Loeb has increased its stake to 6.9 per cent in Sony and has been asking the board to sell 20 per cent of its entertainment assets in an initial public offering.

US President Barak Obama is working on measures to ensure that the 30-year mortgages are widely accessible to the US public, which is not generally available in other countries.

Mark Carney, the governor of the Bank of England is set to unveil new guidance for setting interest rates on Wednesday.

The central bank under his leadership has indicated that the bowing costs will be maintained at lower levels until strong growth returns to the economy. Carney is aiming to convince investors and businesses that the interest rates will not be increased until the economy returns to a strong growth trajectory.

According to the latest figures released, the total retail sales in the UK have risen by an impressive 3.9 per cent during the month of July compared to the same month of the previous year.

The growth of 3.9 per cent is almost double the growth recorded in the July of 2012 and is the largest gain since 2006, according to the data released by the British Retail Consortium. The total Like-for-like sales in the country recorded a growth of 2.2 per cent in July, which is its highest since February this year.