Economic News August 15, 2012
The
non-performing loans ratio of Chinese banks remained stable in the
second quarter, the China Banking Regulatory Commission (CBRC) reported
Wednesday. (Aug 15, 2012) Full Article
Ireland's
first issue of sovereign annuity bonds underlines the improving
financing flexibility of the nation, Fitch Ratings said Wednesday. (Aug 15, 2012) Full Article
Greece
is set to seek an extension of the austerity programme agreed by it
with lenders, the Financial Times reported Tuesday citing a document. (Aug 15, 2012) Full Article
With
a continued drop in energy prices offset by higher prices for shelter
and medical care, the Labor Department released a report on Wednesday
showing that U.S. consumer prices unexpectedly came in unchanged in the
month of July. (Aug 15, 2012) Full Article
Conditions
for New York manufacturers have unexpectedly deteriorated in the month
of August, according to a report released by the Federal Reserve Bank of
New York on Wednesday, with the index of regional manufacturing
activity turning negative for the first time since October of 2011. (Aug 15, 2012) Full Article
Forex Top Story
Australia's
consumer confidence deteriorated in August despite interest rate cuts
and government pay-outs, a closely watched survey showed Wednesday. (Aug 15, 2012) Full Article
Singapore's
retail sales declined on a sharp contraction in automobile sales in
June, reflecting weak economic activity in the second quarter.
Nonetheless, the rate of decline slowed more than expected from the
previous month. (Aug 15, 2012) Full Article
Policymakers
of the Bank of England were unanimous in maintaining quantitative
easing at GBP 375 billion early this month, the minutes of the August
meeting revealed Wednesday. (Aug 15, 2012) Full Article
Malaysia's
economic growth unexpectedly accelerated in the second quarter, after
slowing in the previous two quarters, as robust domestic demand,
spending and investment, offset a further moderation in exports hurt by
falling global demand, latest data showed. (Aug 15, 2012) Full Article
Indicating
the remarkable resilience of the U.K. labor market amid a severe
recession, the number of Britons seeking jobless benefits unexpectedly
declined in July, apparently due to a temporary boost from the Olympics. (Aug 15, 2012) Full Article
Commodities
Gold was extending losses Wednesday morning as the U.S. dollar was steady ahead of inflation data, due out later today. (Aug 15, 2012) Full Article
The
price of crude oil was little changed Wednesday morning as traders
await cues from the official inventories data from the EIA. (Aug 15, 2012) Full Article
Political News
The
United States has accused Iran of building and training a Syrian
militia group as part of its efforts to bolster the tottering regime of
President Bashar al-Assad in the strife-torn Middle East nation, and
expressed concerns at the growing Iranian involvement in Syria. (Aug 15, 2012) Full Article
China
and North Korea have agreed to speed up the development of special
economic zones in the North set up by the two countries, media reports
said. (Aug 15, 2012) Full Article
Egypt's
new Defense Minister has pledged his commitment to the country's
long-standing military ties with the United States, U.S. Defense
Secretary Leon E. Panetta claimed at a press briefing at the Pentagon on
Tuesday. (Aug 15, 2012) Full Article
South
Korean President Lee Myung-bak on Wednesday urged Japan to take sincere
steps to resolve the long-standing grievances over Tokyo's wartime
sexual enslavement of Korean women, saying the act was a violation of
"universal human rights and historic justice." (Aug 15, 2012) Full Article
Australia's
Lower House of Parliament on Wednesday voted for a legislation that
re-opens offshore centers set up in the remote Pacific island state of
Nauru and Papua New Guinea for processing asylum claims. (Aug 15, 2012) Full Article
Currency Alerts
The
Australian and New Zealand dollars edged lower against their key
counterparts on Wednesday morning in Asia as traders fled from
risk-associated assets on global growth concerns. (Aug 15, 2012) Full Article
The pound erased some of its Asian session losses against other major currencies in early London/European deals Wednesday (Aug 15, 2012) Full Article
The
euro slipped against most major currencies in the European session on
Wednesday on reports that Greece wants two-year extension for its
austerity measures and Spain may request for a bailout. (Aug 15, 2012) Full Article
General News
Australia's
top court on Wednesday upheld a controversial law that makes it
mandatory for tobacco companies to have plain packaging for cigarettes
intended for sale in the country, dismissing a challenge from
international cigarette companies. (Aug 15, 2012) Full Article
Hundreds
of Greek Orthodox Christians gathered for the annual religious service
at the Sümela Monastery in Turkey's Black Sea coastal province of
Trabzon on Wednesday morning, marking the third religious ceremony to be
held at the monastery in the history of the Turkish Republic. (Aug 15, 2012) Full Article
Three
people were injured when a bomb exploded in a Syrian military compound
near a hotel used by the U.N. observer mission in capital Damascus on
Wednesday. (Aug 15, 2012) Full Article
At
least five people have been killed and nine others wounded after a unit
of Yemen's Republican Guards loyal to the son of the country's ousted
President Ali Abdullah Saleh attacked the headquarters of the Defense
Ministry in capital Sanaa on Tuesday, according to local media reports. (Aug 15, 2012) Full Article
In
a goodwill gesture on the occasion of India's Independence Day,
Pakistan has freed 55 Indian fishermen from a jail in the southern port
city of Karachi. (Aug 15, 2012) Full Article
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