Economic News
The
message on the irreversibility of the euro is very important and
policymakers should be careful not to create uncertainty while speaking
out on the euro crisis, European Central Bank Governing Council member
Erkki Liikanen was quoted as saying. (Aug 29, 2012) Full Article
The
U.S. economy’s growth in the second quarter of 2012 was stronger than
initially reported, but still fell short of the growth level posted in
the first quarter. According to figures released Wednesday by the
Commerce Department, the U.S. gross domestic product was revised up to
1.7 percent growth, somewhat stronger than the 1.5 percent initially
reported. That revision, which the commerce department said came as a
result of a downward revision to imports and inventory investment
combine (Aug 29, 2012) Full Article
Norway's
central bank left the key interest rate unchanged for the fourth
consecutive session in August. The Norges Bank held the key policy rate
at 1.50 percent on Wednesday in line with economists' expectations. (Aug 29, 2012) Full Article
Forex Top Story
South
Korea had a seasonally adjusted current account surplus of 4.38 billion
in July, the Bank of Korea said on Wednesday - up from 3.68 billion in
June. (Aug 29, 2012) Full Article
The
Spanish region of Catalonia sought a financial rescue from the
government on Tuesday even as Prime Minister Mariano Rajoy repeated his
earlier remarks that the country will not request for a full-blown
international bailout. Catalonia, the most indebted of Spain's 17
autonomous regions, requested for a EUR 5 billion bailout from the EUR
18-billion rescue fund, set up by Madrid to support its debt-ridden
regions. (Aug 29, 2012) Full Article
Italy's
borrowing costs for six months declined sharply to its lowest level
since March at an auction on Wednesday as investor sentiment was boosted
by hopes that the European Central Bank will resume the purchases of
peripheral bonds that could bring down the country's bond yields. (Aug 29, 2012) Full Article
Germany's
inflation based on the EU measure of consumer prices increased at a
faster-than-expected rate in August, preliminary data released by
Destatis showed Wednesday. (Aug 29, 2012) Full Article
Commodities
The price of gold was little changed Wednesday morning as traders await cues from a key central bankers' meeting at the weekend. (Aug 29, 2012) Full Article
The
price of crude oil was ticking lower Wednesday morning as Hurricane
Isaac misses oil installations, hitting Louisiana. Also, traders await
cues from the official inventories data, due out later during the
session. (Aug 29, 2012) Full Article
Political News
A
French court has opened an inquiry into the 2004 death of Yasser Arafat
following claims by his spouse that the mercurial Palestinian leader
may have been poisoned. (Aug 29, 2012) Full Article
The
Japanese Embassy in Seoul has called on Japanese citizens to exercise
caution against anti-Japan activity in South Korea through an advisory
posted on its website. (Aug 29, 2012) Full Article
Embattled
Syrian President Bashar al-Assad says that his government needed more
time to "win the battle" against the rebel forces. (Aug 29, 2012) Full Article
A
censure motion against Japanese Prime Minister Yoshihiko Noda was
passed in the Opposition-controlled Upper House of the Diet (Parliament)
on Wednesday. (Aug 29, 2012) Full Article
Currency Alerts
The
Australian dollar was generally weak against other major currencies on
Wednesday in Asia as domestic equities fell on global growth concerns. (Aug 29, 2012) Full Article
The US dollar drifted higher against its major rivals on Wednesday in Asia (Aug 29, 2012) Full Article
The
pound traded higher against other major currencies in the European
session on Wednesday ahead of revised second-quarter U.S. GDP growth
numbers due shortly and Fed chairman Ben Bernanke's speech at Jackson
Hole on Friday. (Aug 29, 2012) Full Article
General News
A
car bomb at a funeral in the suburbs of the Syrian capital Damascus
killed 12 people and wounded nearly 50 on Tuesday, state media reported. (Aug 29, 2012) Full Article
India's
Supreme Court on Wednesday upheld the death sentence of Pakistani
national Mohammad Ajmal Amir Qasab, the lone surviving gunman of the
2008
A
terminal at Amsterdam's Schiphol International Airport was cleared of
passengers on Wednesday after discovering what was believed to be a bomb
dating back to World War II. (Aug 29, 2012) Full Article
At
least nine security personnel were killed and several injured as
heavily-armed militants attacked a security check-post in Baba Zayarat
No comments:
Post a Comment