Economic News October 17, 2012
The
possibility of Spain requesting financial aid through a precautionary
credit line from the EUR 500 billion rescue fund, the European Stability
Mechanism, is currently under discussion, the Financial Times reported
Wednesday. (Oct 17, 2012) Full Article
Investor
confidence in Switzerland improved in October amid less pessimistic
view of the economy's prospects in the coming six months, a survey by
the Center for European Economic Research (ZEW) showed Wednesday. (Oct 17, 2012) Full Article
There
should be prudential regulation to cap banks' leverages and to maintain
them properly capitalized, Bank of England deputy governor Paul Tucker
said Wednesday. (Oct 17, 2012) Full Article
Hungary's
Economy Minister Gyorgy Matolcsy on Wednesday announced new fiscal
consolidation measures worth HUF 367 billion to bring the budget deficit
below 3 percent of gross domestic product in 2013. (Oct 17, 2012) Full Article
The German government on Wednesday lowered its 2013 economic growth forecast to 1 percent from 1.6 percent. (Oct 17, 2012) Full Article
New
residential construction in the U.S. showed a substantial increase in
the month of September, according to a report released by the Commerce
Department on Wednesday, with housing starts coming in well above
economist estimates. (Oct 17, 2012) Full Article
Forex Top Story
A
leading indicator of Australia's economic activity rose at a faster
pace than its long-term trend in August, for the first time in a year, a
survey by Westpac and the Melbourne Institute revealed Wednesday. (Oct 17, 2012) Full Article
Offering
some respite to the Spanish government that is under pressure to
officially request a European bailout, Moody's Investors Service on
Tuesday left its Spanish sovereign rating unchanged at investment grade,
but with a 'negative' outlook. (Oct 17, 2012) Full Article
Singapore's
non-oil domestic exports (NODX) unexpectedly contracted in September
due to declining demand for its electronic products, data released by
International Enterprises (IE) Singapore showed Wednesday. (Oct 17, 2012) Full Article
A
two-day summit of the European Union heads of States and Governments
will begin in Brussels on Thursday, with discussions focusing on the
Economic and Monetary Union. (Oct 17, 2012) Full Article
Thailand's
central bank on Wednesday decided to lower its key policy rate by a
quarter point as majority of members assessed that policy easing was
warranted to shore up domestic demand amid soft foreign demand. (Oct 17, 2012) Full Article
Jobless
rate in the U.K. declined unexpectedly in the three months through
August, to the lowest level in more than a year as the labor market
absorbed record number of workers during the Olympics, data from the
Office for National Statistics revealed Wednesday. (Oct 17, 2012) Full Article
Bank
of England policymakers unanimously decided to leave the current size
of asset purchases unchanged in early October, but they split over
whether to add more stimuli over the next month. (Oct 17, 2012) Full Article
Commodities
The
price of gold was extending gains Wednesday morning amid weak U.S.
dollar, with traders focus turning to developments in the euro zone as
the rating agency Moody's Investors Service left its Spanish sovereign
rating unchanged at investment grade, but with a 'negative' outlook. (Oct 17, 2012) Full Article
The
price of crude oil was ticking higher Wednesday morning as traders
await cues from the official inventories data from the EIA. Reports
showed the Spanish government is inching closer to officially request a
European bailout also lifted trader sentiment to some extent. (Oct 17, 2012) Full Article
Political News
The
United State has responded cautiously to Cuba's decision to scrap exit
permit as well as the Letter of Invitation for Cubans traveling abroad
from January 14. (Oct 17, 2012) Full Article
Russian
President Vladimir Putin sacked Regional Development Minister Oleg
Govorun on Wednesday and appointed Igor Slyunyaev in his place. (Oct 17, 2012) Full Article
Senior
officials from Japan, the United States and South Korea have agreed to
cooperate in dealing with North Korea's nuclear program and abductions
issue. (Oct 17, 2012) Full Article
Currency Alerts
The euro showed mixed performance against its major counterparts in early deals on Wednesday. (Oct 17, 2012) Full Article
The pound edged higher in early deals Wednesday (Oct 17, 2012) Full Article
The
U.S. dollar fell against other major opponents on Wednesday's European
session as stocks gained after Moody's retained Spain's rating at
investment grade and speculation grew of a Spanish bailout. (Oct 17, 2012) Full Article
General News
British author Hilary Mantel has won this year's Man Booker Prize for her tale of Tudor treachery, 'Bring up the Bodies.' (Oct 17, 2012) Full Article
Japanese
Defense Minister Satoshi Morimoto has termed "extremely heinous" the
alleged rape of a young Japanese woman in Okinawa by two U.S.
servicemen. (Oct 17, 2012) Full Article
The
European Commission has opened an in-depth investigation to examine
whether Italian measures to reduce taxes and contributions due by
companies in areas affected by natural disasters, mainly earthquakes and
floods, are in line with EU state aid rules. (Oct 17, 2012) Full Article
Afghanistan
has completed the targeted troop surge ahead of se
No comments:
Post a Comment