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Source: Reuters Published: February 23, 2012 00:25
Japan’s government saw nothing strange in recent currency moves that saw the yen hit a six-month low versus the dollar and a three-month low versus the euro, a senior official at the Ministry of Finance said yesterday.
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Source: AFP Published: February 23, 2012 00:25
Brussels is proposing to freeze 495 million euros ($654.9 million) in EU funds destined for Hungary in 2013, the European Commission said yesterday, the first time it has ever taken such a measure.
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Source: Reuters Published: February 23, 2012 00:25
Fitch cut Greece’s long-term ratings yesterday to its lowest rating above a default, becoming the first ratings agency to make the widely expected downgrade after the country announced a bond exchange plan to ease its massive debt burden.
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Source: Agencies Published: February 23, 2012 00:25
India launches energy index
S.Africa set to slow to 2.7%
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Source: Global Times Published: February 23, 2012 00:10
China’s manufacturing activity is still declining, even though a gauge of the sector rose to a fourth-month high in February, HSBC Holdings PLC said yesterday, indicating that businesses are facing challenges amid the uncertain global economy.
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Source: Global Times Published: February 23, 2012 00:05
China’s inflation rate is expected to decline to 2 percent in 2012, giving more room for monetary policy easing, according to Stephen Green, regional head of research at Standard Chartered Bank’s Greater China division.
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Source: Xinhua Published: February 22, 2012 15:52
Greece's new bailout plan will help the country avoid a debt default in the short term but will do nothing to cut debt or grow the economy, according to an Italian scholar.
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Source: Xinhua Published: February 22, 2012 13:26
Australia's economic outlook improved slightly in December 2011, but the growth rate of future economic activity remains subdued, according to a survey released on Wednesday by Westpac Banking Corporation and the Melbourne Institute.
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Source: Xinhua Published: February 22, 2012 09:56
The Chicago Fed National Activity Index (CFNAI) decreased from 0.54 points in December 2011 to 0.22 points this January, although the index's three-month moving average still posted a year-long high, according to data released Tuesday by the Federal Reserve Bank of Chicago.
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Source: Reuters Published: February 21, 2012 23:40
Eurozone finance ministers sealed a 130-billion-euro ($172 billion) bailout for Greece yesterday to avert a chaotic default next month after forcing Athens to commit to unpopular cuts and private bondholders to accept deeper losses.
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