Economic News September 25, 2012
Italy
saw its two-year borrowing costs decline at an auction on Tuesday. The
Italian Treasury raised EUR 3.937 billion from the sale of its zero
coupon bonds known as CTZ, which was close to the top target of EUR 4
billion set for the sale. The bond will mature in September 2014. (Sep 25, 2012) Full Article
European
Court Of Justice may soon be engaged to clarify the doubts regarding
the legality of the European Central Bank's recently announced
bond-purchase program, Germany's Bild reported on Tuesday. (Sep 25, 2012) Full Article
The
Funding for Lending Scheme was designed to support the economy and not
the banks, Bank of England policymaker Paul Fisher said Tuesday. (Sep 25, 2012) Full Article
Spanish
short-term borrowing costs increased at a debt auction on Tuesday as it
remains uncertain if the embattled country would seek a bailout for its
economy. The Spanish Treasury raised nearly EUR 4 billion from the sale
of its 3 and 6 month bills. The target set for the sale was between EUR
3 billion and EUR 4 billion. (Sep 25, 2012) Full Article
Hungary's
central bank slashed interest rates for the second consecutive month as
expected, on Tuesday. The Monetary Council of the Magyar Nemzeti Bank
cut the two week MNB bill rate by 25 basis points to 6.50 percent. The
decision was in line with economists' expectations. (Sep 25, 2012) Full Article
Forex Top Story
The
International Monetary Fund continues to forecast a gradual recovery
for the global economy, but the pace of growth is likely to be weaker
than projected earlier, weighed down by risks and policy uncertainty,
IMF Managing Director Christine Lagarde said Monday. (Sep 25, 2012) Full Article
The
South Korea government proposed higher spending in its 2013 budget
proposal to mitigate the impact of global slowdown and delayed further
its target of balancing budget to 2014. (Sep 25, 2012) Full Article
A
leading indicator for China's economic activity rose at the fastest
pace in seven months in August, raising hopes of a moderate rebound in
growth that slowed to a three-year low in the second quarter. (Sep 25, 2012) Full Article
Germany's
consumer confidence is set to remain unchanged in October, survey
results from market research group GfK showed Tuesday, which slightly
eased fears of the economy slipping into a recession. (Sep 25, 2012) Full Article
Political News
The
Western world has denounced the parliamentary elections in Belarus as
one that lacked international standards, freedom or fairness. (Sep 25, 2012) Full Article
The
United States said that it was saddened and outraged by the murder of
Honduran attorney and human rights defender Antonio Trejo Cabrera, and
urged the Honduran government to conduct a full and transparent
investigation into his death immediately. (Sep 25, 2012) Full Article
Iranian
President Mahmoud Ahmadinejad has called for a total structural
overhaul of the United Nations Security Council (UNSC) in order to
facilitate the observance of the rule of law in international
interactions. (Sep 25, 2012) Full Article
An
armada of 40 Taiwanese fishing boats entered what Japan claims its
territorial waters around the disputed Senkaku islands in the East China
Sea on Tuesday, and left the region after Japanese Coast Guard patrol
vessels fired water cannons at them when they ignored repeated warning
to clear the area. (Sep 25, 2012) Full Article
Currency Alerts
The NZ dollar edged up against its major opponents in the Asian session on Tuesday amid a gain in regional stocks. (Sep 25, 2012) Full Article
The euro showed mixed performance against its major rivals in early deals on Tuesday. (Sep 25, 2012) Full Article
The
Canadian dollar edged higher in early New York deals Tuesday following a
report showed that the nation's retail sales in July rose well-above
last month's reading. Canada's retail sales rose 0.7 percent to C$39.0
billion in July, led by higher sales at motor vehicle and parts dealers,
and general merchandise stores, statistics Canada said in a report
today. (Sep 25, 2012) Full Article
General News
As
many as 35 federal police officers have been arrested in Mexico for
suspected links with one of the country's most powerful drug cartels,
the Zetas. (Sep 25, 2012) Full Article
The
United States said that it was saddened and outraged by the murder of
Honduran attorney and human rights defender Antonio Trejo Cabrera, and
urged the Honduran government to conduct a full and transparent
investigation into his death immediately. (Sep 25, 2012) Full Article
The
United Nation's Broadband Commission for Digital Development has
released its first-ever country-by-country snapshot of the state of
broadband deployment worldwide. (Sep 25, 2012) Full Article
Twenty
people were killed after two carriages taking mine workers back to the
ground crashed in an illegally-run coal mine in China's north-west Gansu
province early on Tuesday, state media reported. (Sep 25, 2012) Full Article
Amnesty
International and Greenpeace Netherlands have demanded that the British
government open a criminal investigation into the dumping of toxic
waste by the multinational company (MNC) Trafigura in Ivory Coast in
2006, which resulted in over 100,000 people seeking medical assistance. (Sep 25, 2012) Full Article
A refurbished Soviet-era aircraft carrier was commissioned as China's first aircraft carrier on Tuesday. (Sep 25, 2012) Full Article
No comments:
Post a Comment