Economic News August 6, 2012
Japan's leading economic index declined for the third consecutive month in June, and the rate of fall exceeded economists' expectations, preliminary data released by the Cabinet Office showed Monday. (Aug 6, 2012) Full Article
Reserve Bank of New Zealand Governor Alan Bollard said Monday that the country may have to deal with private debt, accumulated in the last two decades, for quite some time. (Aug 6, 2012) Full Article
New car registrations in the United Kingdom increased for the fifth successive month in July, data released by the Society of Motor Manufacturers and Traders (SMMT) showed Monday. (Aug 6, 2012) Full Article
Eurozone investor confidence declined for the fifth consecutive month in August to the lowest level in more than three years, data released by think tank Sentix showed Monday. (Aug 6, 2012) Full Article
Production at small and medium manufacturing units in the United Kingdom decreased in the three months ended July amid weak domestic conditions and the Eurozone crisis, data from a survey by the Confederation of British Industry (CBI) showed Monday. (Aug 6, 2012) Full Article
Forex Top Story
Taiwan's inflation surged to nearly four-year high in July on higher food costs, limiting room for the central bank to ease monetary policy in response to flagging economic activity. (Aug 6, 2012) Full Article
Italian Prime Minister Mario Monti has warned Europe that the region is facing the threat of a psychological disintegration and urged all leaders to become more independent from their parliaments. (Aug 6, 2012) Full Article
Indonesia's economic growth accelerated unexpectedly in the second quarter on robust investment and spending, weathering the weak global demand. (Aug 6, 2012) Full Article
House prices in the United Kingdom decreased in July, after rising in the previous two months, as hosing market activity has been dragged by the economic downturn, data from Lloyds Banking Group's Halifax division showed Monday. (Aug 6, 2012) Full Article
After a spate of weak data points, the past week ushered in some good news for the economy. The economy added more jobs than had been expected, a regional manufacturing survey showed an unexpected increase and the Institute for Supply Management’s non-manufacturing sector survey painted a healthy picture of the
The Australia central bank is set to leave the key interest rate unchanged at 3.5 percent at its upcoming policy board meeting on Tuesday as it awaits the effects of the two consecutive rates cuts in May and June to filter through to real economy. (Aug 6, 2012) Full Article
Greece and its international creditors have agreed on the need to strengthen policy efforts and meet the country's bailout conditions and lenders are set to resume discussions with the new Greek authorities early September. (Aug 6, 2012) Full Article
Political News
Ensuring Taiwan's presence in the territorial dispute over the Senkaku Islands between Japan and China, its President Ma Ying-jeou has proposed a five-point peace initiative that includes cooperation in exploring and developing the vast resources in the East China Sea. (Aug 6, 2012) Full Article
A censure motion against Japanese Prime Minister Yoshihiko Noda is under the consideration of the country's largest Opposition party. (Aug 6, 2012) Full Article
Egypt closed the Rafah crossing with the Hamas-ruled Gaza Strip after an attack on a security checkpoint left at least 16 Egyptian border guards dead and seven others injured on Sunday evening. (Aug 6, 2012) Full Article
United States has urged the Bangladesh government to ensure transparency in the selection of a new Managing
Syrian Prime Minister Riad Hijab has defected to Jordan just two months after his appointment to the post, media reports citing unnamed sources said on Monday. (Aug 6, 2012) Full Article
Currency Alerts
The U.S. dollar and the Japanese yen that extended their Friday's decline against other major currencies in early Asian deals on Monday reversed direction shortly and resumed the uptrend in the subsequent hours despite lack of fresh trading cues. (Aug 6, 2012) Full Article
The euro showed mixed trading against its major rivals in early deals on Monday due to lack of fresh trading cues. (Aug 6, 2012) Full Article
General News
NASA's Mars science rover 'Curiosity' has landed successfully on the Red Planet's surface after a 352-million mile journey from earth that lasted eight months, the U.S. space agency confirmed early on Monday. (Aug 6, 2012) Full Article
At least three people have been injured after a bomb exploded in a building that housed Syrian state TV and radio in capital Damascus, the state television reported Monday. (Aug 6, 2012) Full Article
A Spanish judge has charged two Russians with links to the al-Qaeda terror network and possession of explosives, media reports citing officials said late on Sunday. (Aug 6, 2012) Full Article
A grandson of former U.S. President Harry S. Truman, who authorized the atomic bombings of Hiroshima and Nagasaki, attended a ceremony on Monday marking the 67th anniversary of the attack on the Japanese cities which brought the World War II to an end. (Aug 6, 2012) Full Article
The European Commission has responded to monsoon floods in the eastern Indian state of Assam by providing
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