Economic News November 13, 2012
China's broad money supply increased at a slower pace in October, and the rate of growth was below economists' forecast, data released by the the People's Bank of China showed Tuesday. (Nov 13, 2012) Full Article
Australia's dwelling investment will pick up at a relatively moderate pace in the medium term, Reserve Bank of Australia's Jonathan Kearns said Tuesday. (Nov 13, 2012) Full Article
France's current account deficit decreased from the previous month in September, data released by the Bank of France showed Tuesday. (Nov 13, 2012) Full Article
Spain's harmonized inflation remained unchanged at 3.5 percent in October, final data from the statistical office INE showed Tuesday. (Nov 13, 2012) Full Article
Italy's EU harmonized inflation slowed as estimated earlier in October, final data released by statistical office Istat showed Tuesday. (Nov 13, 2012) Full Article
Forex Top Story
The house price balance in the U.K. reached the highest level in more than two years in October and buyer enquiries picked up on positive sentiment stemming from credit availability, a closely watched survey revealed Tuesday. (Nov 13, 2012) Full Article
Euro area finance ministers will hold an extraordinary meeting again on November 20 to finalize the payment of the next tranche of Greek aid, Jean-Claude Juncker, the head of Eurogroup said after chairing the meeting in Brussels late Monday. (Nov 13, 2012) Full Article
U.K. annual inflation accelerated more than expected on a surge in university tuition fees and food prices in October and drifted inflation away from the central bank's 2 percent target. (Nov 13, 2012) Full Article 
German economic sentiment worsened in November, reflecting investors' subdued expectations amid recessionary developments in the euro area, data from a survey by the Centre for European Economic Research showed Tuesday. (Nov 13, 2012) Full Article
Political News
Investment in defense and security remains essential despite the economic crisis, NATO Secretary General Anders Fogh Rasmussen told European and North American parliamentarians at the annual NATO Parliamentary Assembly in Prague on Monday. (Nov 13, 2012) Full Article
Former Tokyo Governor Shintaro Ishihara on Tuesday launched a new conservative party with the aim of forming a "third force" to run in the next general elections. (Nov 13, 2012) Full Article
Currency Alerts
The U.S. dollar and the Japanese yen strengthened against other major opponents in the early Asian session on Tuesday as Eurozone finance minsters kept Greece bailout on hold and worries about U.S. cliff intensified, prompting investors to seek safe-haven assets. (Nov 13, 2012) Full Article
The euro lost ground against other major currencies in Asia on Tuesday as sentiment worsened after the Eurozone finance minsters struggled to reach final agreement on granting next installment of bailout funds to Greece. (Nov 13, 2012) Full Article
The British pound outperformed against other major currencies in the early European session on Tuesday after the release of country's better-than-expected inflation data in October. (Nov 13, 2012) Full Article
The Switzerland currency drifted lower against most of its major counterparts on Tuesday (Nov 13, 2012) Full Article
General News
Undocumented foreign nationals in Libya are at risk of exploitation, arbitrary and indefinite detention, as well as beatings, sometimes amounting to torture, Amnesty International said in a new briefing Tuesday. (Nov 13, 2012) Full Article
US Defense Secretary Leon E. Panetta has ordered an investigation into alleged "potentially inappropriate communications" that top US Commander in Afghanistan Gen. John R. Allen had with a woman who triggered CIA director David Petraeus' resignation, reports said. (Nov 13, 2012) Full Article
Afghan and coalition security forces killed Taliban leader Mir Jan Lala during a security operation in Helmand province on Monday. (Nov 13, 2012) Full Article
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