Economic News October 3, 2012
Eurozone's private sector contracted at a slower pace than estimated earlier in September, a detailed result of a survey by Markit Economics showed Wednesday. (Oct 3, 2012) Full Article
Activity in the British service sector increased at a slower pace in September, and the rate of growth was below economists' expectations, data released by Markit Economics and the Chartered Institute of Purchasing and Supply (CIPS) showed Wednesday. (Oct 3, 2012) Full Article
Consumer confidence in India deteriorated the most on record in September as households turned more downbeat about both the current situation and the future of the economy, data from a survey by consumer confidence tracker BluFin showed Wednesday. (Oct 3, 2012) Full Article
Private sector employment in the U.S. rose by more than expected in the month of September, according to a report released by payroll processor Automatic Data Processing, Inc. (ADP) on Wednesday. (Oct 3, 2012) Full Article
The U.K. central bank is set to stick to the current level of quantitative easing and leave its interest rate unchanged at historic low as policymakers are likely to take note of the improvement in the economy. (Oct 3, 2012) Full Article
Forex Top Story
Australia posted a seasonally adjusted merchandise trade deficit of A$2.027 billion in August, the Australian Bureau of Statistics said on Wednesday. (Oct 3, 2012) Full Article
An indicator of China's service sector performance declined in September, suggesting a more moderate expansion of operating conditions in the sector, a survey by the China Federation of Logistics and Purchasing (CFLP) showed Wednesday. (Oct 3, 2012) Full Article
Shop price inflation in the United Kingdom edged down in September mainly due to falling prices of non-food articles, a report from the British Retail Consortium (BRC) showed Wednesday. (Oct 3, 2012) Full Article
The Asian Development Bank, or ADB, on Wednesday slashed its growth forecast for developing Asia, citing gloomier global prospects and weak domestic demand in the region's largest economies. At the same time, the lender stressed the need to unlock the potential of the service sector to boost economic growth. In the Asian Development Outlook 2012 Update, the bank cut the region's growth forecast for this year sharply to 6.1 percent from the 6.9 percent estimated in April. (Oct 3, 2012) Full Article
Eurozone retail sales increased for the fourth consecutive month in August, but the pace of growth remained weak. (Oct 3, 2012) Full Article
Commodities
The price of gold was steady near its seven-month high Wednesday morning as the U.S. dollar was little changed versus a basket of currencies ahead of private sector employment report from the ADP. (Oct 3, 2012) Full Article
The price of crude oil was moving lower Wednesday morning amid anxiety over Spain's bailout plan after Spanish Prime Minister Mariano Rajoy played down expectations of an immediate bailout for his debt-ridden nation. (Oct 3, 2012) Full Article
Political News
The remains of late Turkish President Turgut Özal have been exhumed on the orders of prosecutors as part of a belated investigation into allegation of foul play in his 1993 death. (Oct 3, 2012) Full Article
The United States, European Union and Russia on Tuesday hailed Georgia's Parliamentary elections, hours after partial results indicated that an Opposition coalition led by billionaire tycoon Bidzina Ivanishvili was ahead in winning parliamentary majority. (Oct 3, 2012) Full Article
Amnesty International has urged the government in South Sudan to take immediate action to end human rights violations including torture, shootings and sexual violence by its security forces engaged in a civilian disarmament campaign in eastern Jonglei state. (Oct 3, 2012) Full Article
U.S. military training for Iraqi security forces will continue uninterrupted despite failure of the Congress to approve money for it in a temporary spending bill now funding government operations, the Pentagon has said. (Oct 3, 2012) Full Article
Iran's currency, the rial, hit an all-time low against dollar on Tuesday and President Mahmoud Ahmadinejad blamed the decline on the "psychological pressure" caused by Western sanctions to deter the government from its nuclear program. (Oct 3, 2012) Full Article
Currency Alerts
During the early Asian session on Wednesday, the Australian dollar fell against its major opponents after a report showed that country's trade deficit widened more-than-expected. (Oct 3, 2012) Full Article
The New Zealand dollar declined against other major currencies in the Asian session on Wednesday as traders sold riskier assets in response to Spain's denial for an imminent bailout. (Oct 3, 2012) Full Article
General News
Japan has pressed into service an unmanned helicopter to measure radiation levels within a three-kilometer radius of the tsunami-wrecked Fukushima Daiichi nuclear power plant, where detailed studies have not been conducted since the accident last year. (Oct 3, 2012) Full Article
At least 22 people have been killed when a passenger bus plunged into a 250-meter deep ravine in northern Peru, media reports citing local officials said late on Tuesday. (Oct 3, 2012) Full Article
Authorities in Hong Kong have arrested seven people in connection with a deadly collision between two boats in which at least 38 people were killed, media reports citing officials said late on Tuesday. (Oct 3, 2012) Full Article
Palestinians face serious abuses in the Hamas criminal justice system, including arbitrary arrest, incommunicado detention, torture, and unfair trials, the Human Rights Watch (HRW) said in a report released on Wednesday. (Oct 3, 2012) Full Article
The number of Syrians who have sought refuge in neighboring countries of Jordan, Lebanon, Turkey and Iraq after fleeing violence at home has more than tripled since June to over 300,000, the U.N. refugee agency said on Tuesday. (Oct 3, 2012) Full Article
No comments:
Post a Comment