Economic News
The message on the irreversibility of the euro is very important and policymakers should be careful not to create uncertainty while speaking out on the euro crisis, European Central Bank Governing Council member Erkki Liikanen was quoted as saying. (Aug 29, 2012) Full Article
The U.S. economy’s growth in the second quarter of 2012 was stronger than initially reported, but still fell short of the growth level posted in the first quarter. According to figures released Wednesday by the Commerce Department, the U.S. gross domestic product was revised up to 1.7 percent growth, somewhat stronger than the 1.5 percent initially reported. That revision, which the commerce department said came as a result of a downward revision to imports and inventory investment combine (Aug 29, 2012) Full Article
Norway's central bank left the key interest rate unchanged for the fourth consecutive session in August. The Norges Bank held the key policy rate at 1.50 percent on Wednesday in line with economists' expectations. (Aug 29, 2012) Full Article
Forex Top Story
South Korea had a seasonally adjusted current account surplus of 4.38 billion in July, the Bank of Korea said on Wednesday - up from 3.68 billion in June. (Aug 29, 2012) Full Article
The Spanish region of Catalonia sought a financial rescue from the government on Tuesday even as Prime Minister Mariano Rajoy repeated his earlier remarks that the country will not request for a full-blown international bailout. Catalonia, the most indebted of Spain's 17 autonomous regions, requested for a EUR 5 billion bailout from the EUR 18-billion rescue fund, set up by Madrid to support its debt-ridden regions. (Aug 29, 2012) Full Article
Italy's borrowing costs for six months declined sharply to its lowest level since March at an auction on Wednesday as investor sentiment was boosted by hopes that the European Central Bank will resume the purchases of peripheral bonds that could bring down the country's bond yields. (Aug 29, 2012) Full Article
Germany's inflation based on the EU measure of consumer prices increased at a faster-than-expected rate in August, preliminary data released by Destatis showed Wednesday. (Aug 29, 2012) Full Article
Commodities
The price of gold was little changed Wednesday morning as traders await cues from a key central bankers' meeting at the weekend. (Aug 29, 2012) Full Article
The price of crude oil was ticking lower Wednesday morning as Hurricane Isaac misses oil installations, hitting Louisiana. Also, traders await cues from the official inventories data, due out later during the session. (Aug 29, 2012) Full Article
Political News
A French court has opened an inquiry into the 2004 death of Yasser Arafat following claims by his spouse that the mercurial Palestinian leader may have been poisoned. (Aug 29, 2012) Full Article
The Japanese Embassy in Seoul has called on Japanese citizens to exercise caution against anti-Japan activity in South Korea through an advisory posted on its website. (Aug 29, 2012) Full Article
Embattled Syrian President Bashar al-Assad says that his government needed more time to "win the battle" against the rebel forces. (Aug 29, 2012) Full Article
A censure motion against Japanese Prime Minister Yoshihiko Noda was passed in the Opposition-controlled Upper House of the Diet (Parliament) on Wednesday. (Aug 29, 2012) Full Article
Currency Alerts
The Australian dollar was generally weak against other major currencies on Wednesday in Asia as domestic equities fell on global growth concerns. (Aug 29, 2012) Full Article
The US dollar drifted higher against its major rivals on Wednesday in Asia (Aug 29, 2012) Full Article
The pound traded higher against other major currencies in the European session on Wednesday ahead of revised second-quarter U.S. GDP growth numbers due shortly and Fed chairman Ben Bernanke's speech at Jackson Hole on Friday. (Aug 29, 2012) Full Article
General News
A car bomb at a funeral in the suburbs of the Syrian capital Damascus killed 12 people and wounded nearly 50 on Tuesday, state media reported. (Aug 29, 2012) Full Article
India's Supreme Court on Wednesday upheld the death sentence of Pakistani national Mohammad Ajmal Amir Qasab, the lone surviving gunman of the 2008
A terminal at Amsterdam's Schiphol International Airport was cleared of passengers on Wednesday after discovering what was believed to be a bomb dating back to World War II. (Aug 29, 2012) Full Article
At least nine security personnel were killed and several injured as heavily-armed militants attacked a security check-post in Baba Zayarat
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