Showing posts with label RTTNews Forex Market Update. Show all posts
Showing posts with label RTTNews Forex Market Update. Show all posts

Thursday, August 23, 2012

RTTNews Forex Market Update


Economic News August 23, 2012

China's leading index improved in July, reflecting a strong increase in loans, the Conference Board said Thursday. (Aug 23, 2012) Full Article

Switzerland's merchandise trade surplus increased markedly in July, data released by the Federal Customs Administrations showed Thursday. (Aug 23, 2012) Full Article

U.K. mortgage approvals increased more than expected in July, data from British Bankers Association showed Thursday. (Aug 23, 2012) Full Article

UK's high street sales decreased modestly in August, contrary to economists' forecast for an increase, data from a survey by the Confederation of British Industry (CBI) showed Thursday. However, retailers expect sales to rise slightly in September. (Aug 23, 2012) Full Article

Germany's Finance Minister Wolfgang Schaeuble said on Thursday that allowing more time to Greece to implement economic reforms is unlikely to solve the country's problems. In an interview to SWR Radio, Schaeuble said,"More time is no solution to the problems." (Aug 23, 2012) Full Article 

First-time claims for U.S. unemployment benefits unexpectedly showed a modest increase in the week ended August 18th, according to a report released by the Labor Department on Thursday. (Aug 23, 2012) Full Article

Forex Top Story

China's manufacturing sector contracted in August at the fastest pace in nine months suggesting that producers are struggling with strong global headwinds, a closely watched survey showed Thursday. (Aug 23, 2012) Full Article 

Singapore's annual inflation slowed at a faster-than-expected pace in July, due to more moderate increases in costs of accommodation, private road transport and oil-related items, latest data showed Thursday. (Aug 23, 2012) Full Article 

The German economy expanded for the second straight time during the quarter ended June as robust growth in exports and domestic spending offset contraction in investment, data from Destatis showed Thursday. (Aug 23, 2012)Full Article 

Economic growth in Mainland Norway slowed in the second quarter, following a faster expansion in the first quarter, latest data showed. (Aug 23, 2012) Full Article 

The Eurozone private sector contracted for the seventh successive month in August indicating that the economy is moving firmly into a recession. Output as well as new orders continued to shrink as a combination of austerity and financial market tension dampen both domestic and foreign demand. The composite output index rose marginally to 46.6 from 46.5 in July, flash estimate from Markit Economics showed Thursday. (Aug 23, 2012) Full Article 

Commodities

The price of gold advanced to a four-month high Thursday morning as the U.S. dollar was moving lower after the minutes from the recent Federal Reserve meeting raised hopes for further stimulus measures. (Aug 23, 2012) Full Article 

The price of crude oil was steady near $98 Thursday morning amid speculation that central banks will opt for further stimulus measures to support their sagging economies. (Aug 23, 2012) Full Article 

Political News

Using the uniform for partisan politics erodes the trust the American people have in their military, says Gen. Martin E. Dempsey, Chairman of the U.S. Joint Chiefs of Staff. (Aug 23, 2012) Full Article 

The governing Democratic Party of Japan (DPJ) has urged the government to restart the offline nuclear reactors after ensuring stricter safety measures so as to meet the po

Quickly responding to Egypt's request for a $4.8 billion loan, the International Monetary Fund (IMF) has announced that its technical team will be arriving in Cairo early next month to work with the authorities on their program and discuss possible forms of financial support from the global lender. (Aug 23, 2012) Full Article

The African Union (AU) and Senegal on Wednesday signed an agreement to set up a special court to try former Chadian dictator Hissène Habré. (Aug 23, 2012) Full Article

European Union Foreign Policy Chief Catherine Ashton is traveling to Pretoria to take part in the 11th Ministerial political dialogue between the EU and South Africa, which is mourning for 44 people killed in clashes at the Marikana platinum mine last week. (Aug 23, 2012) Full Article 

Currency Alerts

The U.S. dollar declined against most major currencies in the Asian session on Thursday as traders sold the currency in reaction to minutes of the Fed's most recent policy meeting. (Aug 23, 2012) Full Article

The euro remained firmer against its major rivals in early European deals Thursday (Aug 23, 2012) Full Article
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Tuesday, August 14, 2012

RTTNews Forex Market Update

Economic News August 14, 2012

Unemployment in Estonia decreased to the lowest level since 2008 in the second quarter, data released by Statistics Estonia showed Tuesday. (Aug 14, 2012) Full Article

The Czech economy moved deeper into recession in the second quarter, the preliminary estimate published by the Czech Statistical Office showed Tuesday. (Aug 14, 2012) Full Article

Romania's economy posted modest growth in the second quarter, recovering from contractions recorded in the previous months, preliminary data released by the National Institute of Statistics showed Tuesday. (Aug 14, 2012) Full Article 

Unemployment in Portugal increased to a record high in the second quarter, as the labor market has been hit by the deepening economic recession, data released by Statistics Portugal showed Tuesday. (Aug 14, 2012) Full Article 

U.S. retail sales posted an unexpectedly strong rebound in July despite a contraction in June that was worse than initially reported, according to figures released Tuesday by the Commerce Department. Overall U.S. retail sales were up 0.8 percent in July to a seasonally adjusted level of $403.9 billion, a notably stronger growth than the 0.3 percent predicted by most economists. However, June retail sales figures which had initially shown a 0.5 percent decline, were revised even further dow (Aug 14, 2012) Full Article

Forex Top Story

Members of the Bank of Japan's monetary policy board feel that Japan's economy will return to a moderate recovery path, the minutes from its July 11-12 meeting revealed on Tuesday. (Aug 14, 2012) Full Article 

House prices in the U.K. declined to the lowest in a year in July, while sales plunged to near four-year low, a survey by the Royal Institution of Chartered Surveyors (RICS) revealed Tuesday. (Aug 14, 2012) Full Article 

India has little scope for any kind of fiscal or monetary response to counter future economic crises triggered by global factors, Reserve Bank of India Go

Confidence among Australian businesses rebounded in July after deteriorating steadily over the previous two months, a survey by the National Australia Bank (NAB) showed Tuesday. (Aug 14, 2012) Full Article 

The German economy grew more than expected in the second quarter, supported by domestic consumption and net exports. Meanwhile, the French economy stalled for a third successive quarter due to weak demand both at home and abroad. (Aug 14, 2012) Full Article

India's wholesale price inflation slowed more than expected in July as inflationary pressures subsided with weak economic activity. (Aug 14, 2012) Full Article 

British inflation bounced back unexpectedly in July as the impact of heavy summer discounting earlier than usual this year started to fade. (Aug 14, 2012) Full Article 

German investor confidence unexpectedly declined for the fourth straight month in August to its lowest level so far this year on increasing concerns over economic slowdown and the consequent weakness in exports. (Aug 14, 2012) Full Article 

The Eurozone economy contracted for the second time in three quarters as expected, despite the two biggest economies of the region showing some resilience, lifting possibilities of a recession going forward, official data showed Tuesday. (Aug 14, 2012) Full Article

Commodities

The price of gold was steady Tuesday morning as the euro continued to strengthen after economic growth data out of Europe. (Aug 14, 2012) Full Article

The price of crude oil was ticking higher Tuesday morning amid a generally weak U.S. dollar and on hopes for further stimulus measures from the ECB. (Aug 14, 2012) Full Article

Political News

Foreign Ministers of the Organization of Islamic Cooperation (OIC) who met in the Saudi port city of Jeddah on Monday ahead of the Mecca Islamic solidarity summit agreed to expel Syria from the 57-member pan-Islamic body in protest against the Assad regime's "unrelenting bloodbath" against its own people. (Aug 14, 2012) Full Article 

U.S. Special Envoy to the Organization of Islamic Conference (OIC) Rashad Hussain will attend the Fourth Extraordinary Session of the Islamic Summit Conference as an observer. (Aug 14, 2012) Full Article

A senior aide to Syrian President Bashar al-Assad has flown to China to hold talks with the Communist nation's Foreign Minister on the current crisis in that Middle East Country, media reports citing officials said on Tuesday. (Aug 14, 2012) Full Article

Japan and North Korea have agreed to hold talks later this month over the repatriation of the remains of Japanese who died on the Korean peninsula around the end of World War II. (Aug 14, 2012) Full Article

South Korean President Lee Myung-bak said on Tuesday that Japan's emperor should sincerely apologize for his country's colonial rule of the Korean peninsula if he wanted to visit South Korea. (Aug 14, 2012) Full Article

Analyst Currency Comments

Westpac analysts noted that trading in the Asian forex market remained quiet on Tuesday as the market awaits key data from Europe and U.S. later in the day. (Aug 14, 2012) Full Article 

Currency Alerts

The yen slipped against other major currencies in the early Asian session on Tuesday after the release of Bank of Japan's July meeting minutes. (Aug 14, 2012) Full Article

The euro has extended its Asian session gains against most major currencies on Tuesday after the releases of the preliminary second quarter GDP reports from France and Germany. (Aug 14, 2012) Full Article 

The euro paused its Asian session rally on Tuesday in early deals after a report showed that eurozone's economy contracted in the second quarter. (Aug 14, 2012) Full Article

The Japanese yen fell across the board in early New York deals Tuesday as an unexpected rebound of U.S. retail sales increased investors appetite for risk. (Aug 14, 2012) Full Article

General News

U.N. Secretary-General Ban Ki-moon has expressed concerns over the delay in the selection of a new Somali Parliament, and urged the council of elders entrusted with the responsibility to resolve their differences on the issue before a deadline set for the country's transition process ends later this month. (Aug 14, 2012) Full Article 

Turkey has collected TL 5.325 million ($2.962 million) in aid for the persecuted Rohingya Muslims in Myanmar. (Aug 14, 2012) Full Article 

The Swedish government has warned its citizens in Belarus "to be particularly careful and cautious when traveling and staying in the country." (Aug 14, 2012) Full Article

Kenyan authorities have found the wreckage of two Ugandan military helicopters which went missing two days ago in a remote mountainous region in Kenya, media reports citing unnamed officials said Tuesday. (Aug 14, 2012) Full Article 

Three militants engaged in arms delivery were arrested in separate operations carried out by Afghan-NATO security forces in various parts of Afghanistan since Monday. (Aug 14, 2012) Full Article 

French payroll employment declined in the second quarter, flash esti
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Tuesday, August 7, 2012

RTTNews Forex Market Update


Economic News August  7, 2012

Sri Lanka's central bank on Tuesday decided to leave its key policy rates unchanged, saying an increase in inflation was due to adverse weather conditions and resulting disruptions to domestic food supplies. (Aug 7, 2012) Full Article

Switzerland's consumer prices continued to decline in July, but at a slower than expected pace, the Federal Statistical Office said Tuesday. (Aug 7, 2012) Full Article

Japan's Finance Minister Jun Azumi said Tuesday that the government will extend its dollar-loan program by six months through March 2013 in an attempt to deal with the strong currency. (Aug 7, 2012) Full Article

Sweden's central government payments showed a shortfall of SEK 2.2 billion in July, the Swedish National Debt Office said Tuesday. The deficit was line with the government forecast of SEK 2.3 billion. (Aug 7, 2012) Full Article

CRISIL on Tuesday downgraded India's growth outlook citing deficient rainfall and worsening Eurozone growth outlook. (Aug 7, 2012) Full Article

Forex Top Story

Retail sales in the United Kingdom rose unexpectedly in July as warm weather and Olympics boosted sales of food and drinks, a report from the British Retail Consortium (BRC) revealed Tuesday. (Aug 7, 2012) Full Article

The Reserve Bank of Australia decided to retain its benchmark cash rate unchanged at 3.5 percent for a second consecutive rate-setting meeting on Tuesday, saying it is too early to see the full impact of past policy easing. (Aug 7, 2012) Full Article

Taiwan's merchandise exports decreased for the seventh successive month in July as the global economic slowdown and debt worries in Europe continued to weigh on demand. (Aug 7, 2012) Full Article

Production in the British industrial sector shrank notably in June mainly due to extra holidays for the Queen's Diamond Jubilee celebrations, the latest figures from the Office for National Statistics showed Tuesday. (Aug 7, 2012) Full Article

The Italian economy remained stuck in recession in the second quarter as austerity measures weighed heavily on economic activity. (Aug 7, 2012) Full Article

German factory orders declined more-than-expected in June as both domestic and foreign demand deteriorated, raising fears that the economy shrunk in the second quarter. (Aug 7, 2012) Full Article

Political News

The defections of the Syrian Prime Minister and other top government officials in recent days show that the discredited regime of President Bashar al-Assad is "crumbling from within," the U.S. said late on Monday. (Aug 

Japan and China have agreed to launch 47 projects including the creation of a "smart city" as part of cooperation in promoting environment-friendly and power-saving projects in the context of China's increased energy needs. (Aug 7, 2012) Full Article

India's new Finance Minister Palaniappan Chidambaram has announced measures aimed at attracting foreign investments and allaying investor fears, including a review of the retrospective tax laws proposed in the 2012 Budget and easing the country's high interest rates. (Aug 7, 2012) Full Article

The top U.N. political envoy to Somalia has urged all concerned parties in the Horn of Africa nation to ensure that the country's political transition process is completed before a U.N.-set deadline expires in two weeks time. (Aug 7, 2012) Full Article

Russian prosecutors on Tuesday sought three years' prison for each of the three members of the feminist punk band Pussy Riot for singing a song derogatory to President Vladimir Putin at Moscow's main cathedral five months ago. (Aug 7, 2012) Full Article

Currency Alerts

The Australian dollar that recovered its early Tuesday Asian session's losses ahead of the Reserve Bank of Australia's meeting has extended its rally after the central bank announced its decision to retain benchmark cash rate unchanged at 3.5 percent. (Aug 7, 2012) Full Article

The yen slipped against other major currencies in early European deals on Tuesday as investors await the outcome of Bank of Japan's policy meeting that starts tomorrow. (Aug 7, 2012) Full Article

The pound gained ground on Tuesday following a report showed that the rate of the U.K. industrial production decline was weaker than forecast by economists. (Aug 7, 2012) Full Article

General News

Tuesday, the 11th day of the ongoing London 2012, promises to be another day of excitement as the 21 gold medals up for grabs through the day are expected to have a significant impact on the final medal table. (Aug 7, 2012) Full Article

The Human Rights Watch (HRW) has called on Texan authorities not to execute a man who has significant intellectual disabilities. (Aug 7, 2012) Full Article

At least 15 people have been killed and several others injured after unidentified gunmen opened fire on worshipers inside an evangelical church in central Nigeria, media reports citing local officials said late on Monday. (Aug 7, 2012) Full Article

NATO Secretary-General Anders Fogh Rasmussen has appointed Dutch Diplomat Maurits R. Jochems as the next NATO Senior Civilian Representative (SCR) in Afghanistan. (Aug 7, 2012) Full Article

The European Commission on Tuesday confirmed that it would provide an additional funding package to help the Yemeni people and the transitional government respond to the country's multiple governance challenges and address some of the grievances which led to protests that swept the Arab world in 2011. (Aug 7, 2012) Full Article 



 


Source: RTT News: Global Financial Newswires
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Friday, July 27, 2012

RTTNews Forex Market Update


Economic News July 27, 2012

The Swiss economic barometer improved in July, reinforcing confidence in a further expansion of the economy in the months ahead, the KOF institute reported Friday. (Jul 27, 2012) Full Article

Italy's business confidence among manufacturers dropped more than expected to 87.1 in July from 88.7 a month ago, the statistical office Istat said on Friday. The index was forecast to drop to 88.5. (Jul 27, 2012) Full Article

A leading indicator of the Eurozone economy declined for the third consecutive month in June amid continuing weakness in manufacturing and the service sector, data from a survey by the Conference Board showed Friday. (Jul 27, 2012) Full Article

The European Commission on Friday said its has temporarily approved a bridge recapitalisation provided by the Hellenic Financial Stability Fund (HFSF) in favor of four Greek lenders, while opening an in-depth probe into whether the measure is in line with EU rules. (Jul 27, 2012) Full Article

Germany's EU harmonized inflation remained unchanged in July, but was slightly below economists' forecast, data released by the Federal Statistical Office showed Friday. (Jul 27, 2012) Full Article

U.S. economic growth slowed in the second quarter of 2012, but still grew by more than most economists had predicted. According to figures released Friday by the Commerce Department, the U.S. gross domestic product grew at 1.5 percent in the second quarter. That marks a slowdown from the 2 percent growth posted for the first quarter, but a smaller contraction than most economists, who predicted just 1.2 percent growth for Q2, had expected. The first quarter data, furthermore, was revise (Jul 27, 2012) Full Article 

Forex Top Story

South Korea posted an unadjusted record current account surplus of $5.84 billion in June, the Bank of Korea said on Friday. (Jul 27, 2012) Full Article

Core consumer prices in Japan dipped 0.2 percent on year in June, the Ministry of Internal Affairs and Communications said on Friday. That missed forecasts for a flat reading following the 0.1 percent contraction in May. (Jul 27, 2012) Full Article

China's industrial firms reported a decline in their profits for the third month in a row as slowing economy dampened demand, the latest figures from the National Bureau of Statistics revealed Friday. (Jul 27, 2012) Full Article

French consumer sentiment deteriorated for the second straight month in July as households turned more skeptic about future economic and labor market conditions. (Jul 27, 2012) Full Article

The unemployment rate in Spain climbed to a new record high in the second quarter of 2012 as recession and stringent austerity measures forced firms to shed more jobs. (Jul 27, 2012) Full Article

Italy's borrowing cost declined at its short-term bill auction on Friday after the European Central Bank chief vowed to take whatever action needed to protect euro. (Jul 27, 2012) Full Article

Commodities

The price of gold was firm near its monthly high Friday morning as the dollar was trading mixed ahead of economic growth data. (Jul 27, 2012) Full Article

The price of crude oil was ticking higher Friday morning as traders await cues from today's economic data. (Jul 27, 2012) Full Article

Political News

The United State says that Iran is not only not neutral in the Syrian conflict, but also an actor in the side of the Assad regime, which is "extremely dangerous." (Jul 27, 2012) Full Article

Japan's Economy, Trade and Industry Minister Yukio Edano on Friday called for restraint in restarting nuclear power plants in the country. (Jul 27, 2012) Full Article

Currency Alerts

The Chinese yuan advanced to a 4-day high of 6.3787 against the US dollar on Friday morning in New York as the ECB President Mario Draghi's euro supportive comments on Thursday spurred risk-appetite. (Jul 27, 2012) Full Article

The Australian and New Zealand dollars edged higher against their major opponents on Friday morning in Asia (Jul 27, 2012) Full Article

General News

In the light of escalated violence in the vicinity of several historic urban areas in Syria, the head of the United Nations agency tasked with safeguarding the world's cultural heritage has reiterated her appeal for all parties in the Syrian conflict to protect the Middle East country's cultural heritage. (Jul 27, 2012) Full Article

Chief of the U.S. Cyber Command says the United States is not adequately prepared for a serious cyber attack. (Jul 27, 2012) Full Article

Uranium resources and production are on the rise with the security of uranium supply ensured for the long term, according to a new report by the OECD Nuclear Energy Agency (NEA) and the International Atomic Energy Agency (IAEA). (Jul 27, 2012) Full Article

While there may be some extremists among the Syrian rebels, al-Qaeda is not establishing a strong footprint in that Arab country, says the Pentagon. (Jul 27, 2012) Full Article

Two service-members of the NATO-led International Security Assistance Force (ISAF) were killed in an improvised explosive device (IED) attack in Afghanistan's south on Thursday, raising the number of foreign casualties this year in the country to 260. (Jul 27, 2012) Full Article

Stocks To Watch

This railcar seller stock comes on our radar after it reported strong quarterly results and boosted its fiscal 2012 financial forecast. (Jul 27, 2012) Full Article
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Wednesday, July 25, 2012

RTTNews Forex Market Update


Economic News July 25, 2012

The Bank of Japan will not hesitate to implement additional monetary easing, if necessary, Deputy Governor Hirohide Yamaguchi said Wednesday. (Jul 25, 2012) Full Article 

Consumer Confidence in Italy improved from the previous month in July, contrary to economists' forecast for a modest deterioration, data released by statistical office Istat showed Wednesday. (Jul 25, 2012) Full Article

Thailand's central bank on Wednesday decided to keep its benchmark interest rate unchanged at 3 percent for the fourth time in a row, citing stable economic growth and moderation in inflationary pressures. (Jul 25, 2012) Full Article

The degree of net tightening in credit standards for loans to enterprises in Eurozone is likely to remain unchanged in the third quarter, the European Central Bank said in its quarterly Bank Lending Survey published Wednesday. (Jul 25, 2012) Full Article

Germany sold its 30-year debt at a record-low yield at an auction on Wednesday, in a sign that the safe haven demand has recovered. The safe haven appeal of German debt suffered a blow after Moody's downgraded the outlook of the triple A rated sovereign to 'negative' from 'stable' late Monday, pushing the country's 10-year yield higher yesterday. (Jul 25, 2012) Full Article

There are arguments in favor of providing a banking license to Europe's permanent bailout fund, European Central Bank Governing Council member Ewald Nowotny told Bloomberg in an interview. (Jul 25, 2012) Full Article

Forex Top Story

New Zealand posted a seasonally adjusted merchandise trade surplus of NZ$331 million in June, Statistics New Zealand said on Wednesday, representing 7.9 percent of exports. (Jul 25, 2012) Full Article

Japan posted a merchandise trade surplus of 61.7 billion yen in June, the Ministry of Finance said on Wednesday - bouncing into the black for just the second time in nine months. (Jul 25, 2012) Full Article

Inflation in Australia slowed in the June quarter to reach its lowest level in 13 years, leaving more room for the central bank to ease monetary policy. (Jul 25, 2012) Full Article

The pace of economic activity in China has slowed amid intesifying downside risks, the International Monetary Fund said in a report on Tuesday. (Jul 25, 2012) Full Article

Moody's Investors Service on Tuesday cut the outlook on the triple A ratings of the Eurozone's bailout fund to 'negative' from 'stable', in yet another blow to the region's efforts to contain the escalating debt crisis. (Jul 25, 2012) Full Article

Confidence among German firms deteriorated for the third successive month in July to the lowest level in more than two years as heightened tensions surrounding the debt crisis weighed on business expectations, more notably in the manufacturing sector, results of a key survey revealed Wednesday. (Jul 25, 2012) Full Article

The U.K. economy contracted at the fastest pace in more than three years due to widespread weakness in construction, manufacturing and services output in the second quarter. The gross domestic product was down by a more than expected 0.7 percent sequentially, marking the biggest fall since the first quarter of 2009, preliminary estimate from the Office for National Statistics showed Wednesday. Economists expected a more modest 0.2 percent decline for the second quarter. (Jul 25, 2012) Full Article

Commodities

The price of gold was moving higher Wednesday morning as the euro spiked after reports quoted European Central Bank council member Ewald Nowotny as saying that there are arguments in favor of giving Europe's rescue fund a banking license. (Jul 25, 2012) Full Article

The price of crude oil was extending gains Wednesday morning as traders await cues from the official inventories data, due out later during the session. (Jul 25, 2012) Full Article

Political News

Vice-President John Dramani Mahama has taken over as Ghana's interim President following the death of President John Atta Mills due to throat cancer. (Jul 25, 2012) Full Article

Two former aides to South Korean President Lee Myung-bak have been arrested on court warrants as part of an investigation into bribe-taking from ailing savings banks. (Jul 25, 2012) Full Article

Former Finance Minister Pranab Mukherjee was on Wednesday sworn in India's new President. (Jul 25, 2012) Full Article

Myanmar Opposition leader Aung San Suu Kyi on Wednesday called for legislations to protect the rights of the country's ethnic minorities. (Jul 25, 2012) Full Article

Belarusian President Alexander Lukashenko, who is in the "black list" of the European Union, has been denied accreditation to attend the London 2012 Olympic Games opening in two days. (Jul 25, 2012) Full Article

A Philippine court on Wednesday ordered the release of former President Gloria Macapagal Arroyo on bail noting that the evidence presented against her in an electoral fraud case was weak. (Jul 25, 2012) Full Article

Currency Alerts

The Australian dollar strengthened to a 6- 1/2 -month high against the New Zealand dollar in Asian deals on Wednesday after a government report showed that Australia's consumer price index rose less than expected in the second quarter of 2012. (Jul 25, 2012) Full Article

The euro strengthened against most major currencies at 3 am ET Wednesday after reports quoted European Central Bank council member Ewald Nowotny as saying that there are arguments in favor of giving Europe's rescue fund a banking license. (Jul 25, 2012) Full Article

In early European deals on Wednesday, the U.S. dollar and the Japanese yen declined against their most major counterparts as investors reacted to European Central Bank council member Ewald Nowotny's comments that there are arguments in favor of giving Europe’s rescue fund a banking license. (Jul 25, 2012) Full Article

The British pound fell against other major currencies in the European session on Wednesday after a report showed that the country's economy contracted at a faster than expected pace in the second quarter. (Jul 25, 2012) Full Article

General News

Insurgent violence that left at least 100 people dead across Iraq on Monday poses a potential challenge to the Baghdad government, but U.S. defense officials believe Iraq's military is capable of handling it. (Jul 25, 2012) Full Article

A new decontamination device that can remove a large variety of radioactive substances, including strontium, has been developed for the tsunami-wrecked Fukushima nuclear power plant in Japan. (Jul 25, 2012) Full Article

One person was killed when a 6.4-magnitude earthquake struck off the west coast of Indonesia's Sumatra island on Wednesday morning, reports said. (Jul 25, 2012) Full Article

Ethnic violence in India's eastern state of Assam has claimed 32 lives so far on Wednesday since clashes between indigenous Bodo tribals and Muslim settlers broke out in Kokrajhar and Chirang districts four days ago. (Jul 25, 2012) Full Article

China plans to have a high-speed rail network covering almost all its cities with a population of more than half-a-million by 2015. (Jul 25, 2012) Full Article
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