Economic News October 10, 2012
People's Bank of China Governor Zhou Xiaochuan has opted out of the ongoing annual meetings of the International Monetary Fund and the World Bank, being held in Tokyo, reports said Wednesday. (Oct 10, 2012) Full Article
Germany's wholesale price inflation increased in September at the fastest pace since November 2011, data from Destatis revealed Wednesday. (Oct 10, 2012) Full Article
The developments in Eurozone still remained a major threat to the creditworthiness of Asia-Pacific sovereigns, Standard & Poor's said in a report on Wednesday. (Oct 10, 2012) Full Article
Italy's industrial production decreased at a slower rate than expected by economists in August, data released by statistical office Istat showed Wednesday. (Oct 10, 2012) Full Article
The Organization of the Petroleum Exporting Countries maintained its 2013 world oil demand growth forecast at 0.80 million barrels per day (mbd) and that of its world economic growth projection at 3.2 percent for 2013. (Oct 10, 2012) Full Article
UK Prime Minister David Cameron on Wednesday said the deficit reduction plan is not an alternative to a growth plan and the economic recovery is taking longer than expected. (Oct 10, 2012) Full Article
Forex Top Story
In the absence of decisive and urgent policy measures, banks in Europe may need to sell as much as $2.8 trillion to $4.5 trillion worth of assets through the end of 2013, the International Monetary Fund warned in its latest Global Financial Stability Report, published Wednesday. (Oct 10, 2012) Full Article
Confidence among Australian consumers improved marginally in October, a survey by Westpac and Melbourne Institute revealed Wednesday. (Oct 10, 2012) Full Article
France's industrial production growth accelerated in August, increasing hopes that the second largest Eurozone economy could escape a recession in the third quarter. (Oct 10, 2012) Full Article
Italy's borrowing costs increased at its treasury bill auction on Wednesday as investor confidence underpinned by European Central Bank's promise to buy bonds weakened gradually in the face of new uncertainty about Spain's bailout request. (Oct 10, 2012) Full Article
Commodities
The price of gold was little changed Wednesday morning amid global growth concerns after the recent warning from the IMF on world economic growth. (Oct 10, 2012) Full Article
The price of crude oil was ticking lower Wednesday morning after witnessing smart gains in the previous session on supply concerns. (Oct 10, 2012) Full Article
Political News
The European Union has voiced concern over the recent arrest of former Maldivian President Mohamed Nasheed for ignoring a court order, and said it is closely monitoring the political developments in the Indian Ocean archipelago. (Oct 10, 2012) Full Article
A senior U.N. official on Tuesday strongly condemned a targeted attack by Taliban gunmen on a teenage rights activist, widely known for advocating girls' education and highlighting Taliban atrocities, and two of her schoolmates. (Oct 10, 2012) Full Article
Israeli Prime Minister Benjamin Netanyahu has called for early general elections, following the failure of partners in his right-wing coalition government to reach an agreement on the country's annual budget. (Oct 10, 2012) Full Article
The European Union and the United States on Tuesday criticized the Kazakhstan government for the jailing of Vladimir Kozlov, leader of the Opposition Alga party, for alleged involvement in last year's deadly riots that left at least 15 people dead and scores injured in the former Soviet Republic's western oil-rich town of Zhanaozen. (Oct 10, 2012) Full Article
United Nations Secretary-General Ban Ki-moon on Tuesday called on the Syrian government to take the initiative in declaring an immediate unilateral ceasefire in the restive nation, and urged the Opposition to back the government initiative by ending all hostilities. (Oct 10, 2012) Full Article
Currency Alerts
The Australian dollar edged higher on Wednesday morning in Asia (Oct 10, 2012) Full Article
The New Zealand dollar traded higher against most major currencies in the European session on Wednesday as investors bought high-yielding currency amid positive economic reports out of Europe. (Oct 10, 2012) Full Article
General News
A court in Moscow is due to hear an appeal filed by three activists of the feminist punk band 'Pussy Riot' on Wednesday, just over a week after it adjourned the previous hearing following a dispute over the appointment of defense lawyers. (Oct 10, 2012) Full Article
The British police have arrested a man and a woman at London's Heathrow Airport on suspicion of involvement in terrorist activities abroad. (Oct 10, 2012) Full Article
The Nobel Prize in Chemistry for 2012 was jointly awarded to U.S. researchers Robert J. Lefkowitz and Brian K. Kobilka "for studies of G-protein-coupled receptors." (Oct 10, 2012) Full Article
Police in France have unearthed bomb-making materials and weapons hidden in a parking lot in an eastern Paris suburb during an investigation into a "dangerous" Islamist network, a state prosecutor said on Wednesday. (Oct 10, 2012) Full Article
No comments:
Post a Comment