Economic News October 15, 2012
Emerging economies have high growth potential, even though the ongoing slowdown in these economies has become protracted, Bank of Japan Deputy Governor Hirohide Yamaguchi said Monday. (Oct 15, 2012) Full Article
Singapore's private home sales rose sharply in September as demand surged after weak August sales, data released by the Urban Redevelopment Authority showed Monday. (Oct 15, 2012) Full Article
The British economy is likely to contract this year amid "deeply disappointing' trade figures, while consumer demand will bounce back stronger than expected, a report from Ernst & Young ITEM Club revealed Monday. (Oct 15, 2012) Full Article
Greek Prime Minister Antonis Samaras has said that his government expects to successfully conclude talks with the country's international creditors in time for the EU summit. (Oct 15, 2012) Full Article
The central banks that inject money into the system should ensure a timely exit from providing generous liquidity, German Finance Minister Wolfgang Schaeuble told Thailand's The Nation newspaper. (Oct 15, 2012) Full Article
U.S. economic growth is set to be tepid overall in 2012 and 2013, but the growth will slowly accelerate through 2013, according the latest survey from National Association for Business Economics, published on Monday. (Oct 15, 2012) Full Article
Forex Top Story
Inflation in China slowed in September led by a notable fall in food inflation, the latest figures from the National Bureau of Statistics revealed Monday. This gives ample room for policymakers to ease policy if the economy shows further weakness, reflecting tepid domestic as well as external demand. (Oct 15, 2012) Full Article
House prices in the United Kingdom increased in October, reversing much of the losses recorded in the summer, the latest survey by Rightmove showed Monday. (Oct 15, 2012) Full Article
India's headline annual inflation rate for all commodities, based on the new series of WPI (Wholesale Price Index), for the month of September rose to its highest level since November to 7.81 percent from the preceding month's 7.55 percent, due to higher fuel prices, prompting the Reserve Bank of India (RBI) to cut interest rate this month in its policy review. (Oct 15, 2012) Full Article
U.S. academics Alvin E. Roth and Lloyd S. Shapley have won the 2012 Nobel Prize in economic sciences. (Oct 15, 2012) Full Article
While the Federal Reserve Bank of New York released a report on Monday showing a continued contraction in New York manufacturing activity in the month of October, the pace of contraction slowed compared to the previous month. (Oct 15, 2012) Full Article
Political News
Libya's interim Parliament on Sunday elected Ali Zidan, a defector from the Moammar Qadhafi regime, as the new Prime Minister in a tightly-contested vote. (Oct 15, 2012) Full Article
The Israeli Cabinet of Prime Minister Benjamin Netanyahu on Sunday decided to hold the general election in January, nine months ahead of schedule. (Oct 15, 2012) Full Article
In the Lithuanian parliamentary election, the public have voted against the conservative government that cut their pensions and wages. (Oct 15, 2012) Full Article
Former Cambodian King Norodom Sihanouk died at a hospital in Beijing early on Monday at the age of 90, state media reported. (Oct 15, 2012) Full Article
The Philippines government and the country's largest Muslim rebel group on Monday signed a peace accord aimed at ending a four-decade-old conflict that has claimed at least 120,000 lives, reports said. (Oct 15, 2012) Full Article
Currency Alerts
The U.S. dollar climbed against other major currencies in the Asian session on Monday (Oct 15, 2012) Full Article
The euro edged higher in early deals Monday, paring most of its Asian session decline, as European bourses are trading green (Oct 15, 2012) Full Article
General News
The Pakistani Army has said that the teen rights activist Malala Yousafzai, who survived an assassination attempt last week, was on Monday sent to Britain for treatment as she needed "prolonged medical care." (Oct 15, 2012) Full Article
Japan on Monday resumed air service to Myanmar after more than a decade. (Oct 15, 2012) Full Article
Cattle farmers in Japan's Fukushima prefecture have resumed beef exports to the United States for the first time in 30 months. (Oct 15, 2012) Full Article
A 16-year-old Chinese boy was killed and more than 100 Chinese nationals were detained in the West African country of Ghana for suspected illegal gold mining, the Chinese Embassy in Accra said on Sunday. (Oct 15, 2012) Full Article
The British government's plans for a substantial extension of the use of secret evidence in the justice system have been heavily criticized in a new Amnesty International report published on Monday. (Oct 15, 2012) Full Article
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