Economic News August 21, 2012
India's consumer price inflation fell to 9.86 percent in July from 9.93 percent in June, the Central Statistics Office reported Tuesday. (Aug 21, 2012) Full Article
The People's Bank of China injected CNY 220 billion into the money market through reverse repurchase operations on Tuesday, reports said. (Aug 21, 2012) Full Article
Hong Kong's annual inflation slowed to the lowest level in two years in July, and was far below expectations, data released by the Census and Statistics Department showed Tuesday. (Aug 21, 2012) Full Article
U.K. manufacturers' order book balance decreased more than economists expected in August, the latest monthly Industrial Trends Survey by the Confederation of British Industry (CBI) showed Tuesday. (Aug 21, 2012) Full Article
The Danish government Tuesday appointed ATP chief Lars Rohde as governor of the country's central bank. (Aug 21, 2012) Full Article
Forex Top Story
The members of the Reserve Bank of Australia's monetary policy board said that the uncertainty emanating from Europe suggests that the global economy will remain fragile in the near term, minutes from the bank's August 7 meeting revealed on Tuesday. (Aug 21, 2012) Full Article
Moody's Investors Service said the fiscal adjustment programs and structural reforms being implemented in several Eurozone countries to correct external imbalances are only half-way done and may take many more years to complete. (Aug 21, 2012) Full Article
U.K. public finances unexpectedly resulted in a deficit in July due to decline in tax receipts as well as an increase in spending, the latest figures from the Office for National Statistics showed Tuesday. (Aug 21, 2012) Full Article
Bank of Japan Deputy Governor Kiyohiko Nishimura said on Tuesday that China is now entering the "danger zone", citing a combination of demographic change, a property price bubble, and a steep loan growth, which increases the risk of financial crisis in a country. (Aug 21, 2012) Full Article
Spain saw a steep decline in borrowing costs at an auction on Tuesday amid speculation that the European Central Bank would resume its purchase of peripheral bonds. Further, markets are also hopeful that a series of bilateral meetings between key Eurozone leaders may produce a lasting solution to the region's prolonged sovereign debt crisis. Despite the easing borrowing costs, the Spanish bond yields are uncomfortably high. (Aug 21, 2012) Full Article
Commodities
The price of gold was moving higher Tuesday morning as the U.S. dollar was paring its recent gains versus a basket of currencies. (Aug 21, 2012) Full Article
The price of crude oil was moving higher Tuesday morning amid speculation that the European Central Bank would opt for further policy measures to tackle the euro zone debt crisis. (Aug 21, 2012) Full Article
Political News
The United States has accused WikiLeaks founder Julian Assange of making "wild assertions" about it in an attempt to divert public attention from justice he faces in Sweden. (Aug 21, 2012) Full Article
U.S. President Barack Obama has said that he, senior coalition military leaders and their Afghan counterparts will continue intensifying measures to thwart the spate of insider attacks by people wearing Afghan military and police uniforms. (Aug 21, 2012) Full Article
In escalating tensions between Tokyo and Seoul over South Korean President Lee Myung-bak's recent visit to a disputed islet claimed by both, Japan on Tuesday announced the indefinite postponement of the annual Vice Ministerial-level meeting with South Korea scheduled for next week. (Aug 21, 2012) Full Article
Ethiopian Prime Minister Meles Zenawi, who has been ruling the East African country for the past two decades, died in a hospital abroad after weeks of illness. (Aug 21, 2012) Full Article
Hundreds of Ecuadoreans held a rally in the country's capital Quito on Monday in support of their government's decision granting political asylum to WikiLeaks founder Julian Assange that prompted a standoff with the United Kingdom, media reports said. (Aug 21, 2012) Full Article
Currency Alerts
In the early Asian session on Tuesday, the Australian dollar strengthened against other major currencies after the release of the minutes of the country's central bank meeting on August 7. (Aug 21, 2012) Full Article
The U.S. dollar declined against its major counterparts in Asian trading on Tuesday as investors bought risky assets on hopes for an action by the European Central Bank to contain the debt crisis. (Aug 21, 2012) Full Article
The euro was the clear outperformer among major currencies on Tuesday as investors continued to pin their hopes on policy action from the European Central Bank to bolster economic growth and help combat the region's debt crisis. (Aug 21, 2012) Full Article
General News
A Japanese woman journalist was killed in gunfire, allegedly from government troops, in the northern Syrian city of Aleppo on Monday. (Aug 21, 2012) Full Article
Japanese automaker Suzuki Motor Co.'s Indian subsidiary on Tuesday resumed operations at its car factory in Manesar in the northern Indian state of Haryana after a month-long shut down following violent clashes. (Aug 21, 2012) Full Article
Just two weeks after landing its Curiosity rover on Mars, the U.S. space agency NASA has announced a new mission, which will see another robot sent to the Red Planet in 2016. (Aug 21, 2012) Full Article
Militants have attacked the airplane of United States' Joint Chiefs of Staff Chairman Martin E. Dempsey while on a visit to Afghanistan. (Aug 21, 2012) Full Article
A spokesman for the European Union has put an end to the mystery regarding the place of death of Ethiopian Prime Minister Meles Zenawi. (Aug 21, 2012) Full Article
Stocks To Watch
This stock comes on our radar, after reporting year-over-year profit growth exceeding 200% for its latest quarter, fueled by stable lease demand for its new advanced technology aircraft. (Aug 21, 2012) Full Article
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