Economic News July 18, 2012
The
French economy can grow at least 1 percent next year if the government
sticks to deficit reduction measures and reforms, European Central Bank
Governing Council member Christian Noyer said in a interview on
Wednesday. There should be a gradual recovery in the second half of this
year, which could help the economy to surpass the IMF's estimate of 0.8
percent growth in 2013, Noyer, who heads Bank of France told Europe 1
radio. (Jul 18, 2012) Full Article
Germany
sold its 2-year treasury notes at negative yield for the first time on
Wednesday as investors continued their flight to safety, reports said
citing Bundesbank data. (Jul 18, 2012) Full Article
Eurozone' construction production rebounded moderately in May, data released by statistical office Eurostat showed Wednesday. (Jul 18, 2012) Full Article
Spanish
banks' bad loans increased to 8.95 percent of total lending in May, the
Bank of Spain reported Wednesday. The bad-loan ratio rose from 8.7
percent in April. (Jul 18, 2012) Full Article
Housing
starts and construction permitting data for June painted a mixed
picture for the future of the beleaguered U.S. housing market, according
to figures released Wednesday by the Commerce Department.
Privately-owned housing starts for the month jumped a notable 6.9
percent to a seasonally adjusted annual rate of 760,000 above revised
figures for May. Furthermore, the May estimate was revised up to 711,000
from the 708,000 initially reported. Most economists had predicted a
jump in n (Jul 18, 2012) Full Article
Forex Top Story
Members
of the Bank of Japan's Monetary Policy Board felt that the Japanese
economy is picking up as domestic demand remains firm, minutes from the
bank's meeting on June 14 and 15 revealed on Wednesday. (Jul 18, 2012) Full Article
China's
employment situation may become more complex and severe, with the
economy growing at the weakest pace in three years, Premier Wen Jiabao
has warned. (Jul 18, 2012) Full Article
A
leading indicator for Australia's economic activity suggested that the
economic growth may improve in the second half of this year, though the
index currently remained below its long-term trend. (Jul 18, 2012) Full Article
Bank
of England policymakers raised the size of economic stimulus by GBP 50
billion this month through a split vote as two members opposed the move,
the minutes of the meeting revealed Wednesday. (Jul 18, 2012) Full Article
Unemployment
in the United Kingdom decreased between March and May despite
increasing evidence that the economy would have contracted for a third
successive quarter in the second quarter. (Jul 18, 2012) Full Article
Portugal
saw its borrowing costs for one-year funds decline at a debt auction on
Wednesday, even less than Spain, indicating that investor confidence
for the bailed-out nation has improved. (Jul 18, 2012) Full Article
Commodities
The
price of gold moved down Wednesday morning as the dollar was steady
after the Federal Reserve failed to hint on further monetary easing
measures. (Jul 18, 2012) Full Article
The price of crude oil was moving lower Wednesday morning as traders await cues from the official inventories data from the EIA. (Jul 18, 2012) Full Article
Political News
Israel's
Kadima party on Tuesday quit the coalition government of Prime Minister
Benjamin Netanyahu over a dispute on military conscription for
ultra-Orthodox Jews. (Jul 18, 2012) Full Article
North
Korea's young leader Kim Jong-un was on Wednesday awarded the title of
Marshal, the top commander of the Communist nation's 1.2-million-strong
Army. (Jul 18, 2012) Full Article
Syrian Defense Minister Gen. Daoud Rajha was killed in a suicide attack in Damascus on Wednesday, the state TV reported. (Jul 18, 2012) Full Article
Policy
chief of the governing Democratic Party of Japan (DPJ), Seiji Maehara,
on Wednesday reiterated his call to the government to hold talks with
the United States on reviewing the timetable for deployment of the
Osprey military aircraft in the country. (Jul 18, 2012) Full Article
Currency Alerts
The
yen gained ground in a relatively quiet Asian session on Wednesday as
the market adopts a risk-aversion tone after the Federal Reserve
Chairman Ben Bernanke gave no hints on stimulus yesterday. (Jul 18, 2012) Full Article
General News
India
has urged the United Arab Emirates to investigate the killing of an
Indian fisherman by sailors on board a U.S. Navy vessel that opened fire
on a fishing boat off Dubai on Monday afternoon. (Jul 18, 2012) Full Article
The
Tokyo Electric Power Company (TEPCO) began work to remove two unused
fuel rods from a storage pool of its tsunami-wrecked Fukushima Daiichi
nuclear power plant on Wednesday. (Jul 18, 2012) Full Article
The
route of the Russian ship purportedly carrying helicopter gunships to
Syria remained unchanged and the vessel is still headed to St.
Petersburg, a spokesman for Femco, the ship's owner, said on Wednesday. (Jul 18, 2012) Full Article
As
part of an effort to restore coral reefs, a team of 17 scientists from
the National Oceanic and Atmospheric Administration, or NOAA, has
collected around 50 metric tonnes of marine debris from
Papahanaumokuakea Marine National Monument in the Northwestern Hawaiian
Islands. (Jul 18, 2012) Full Article
Stocks To Watch
The
stock comes on our radar after reporting strong quarterly results. The
company seems well-positioned for international and brand expansions. (Jul 18, 2012) Full Article
No comments:
Post a Comment