Economic News November 21, 2012
A
leading index of Australia's economic activity recorded above-trend
growth for a second consecutive month in September, survey by Westpac
and the Melbourne Institute showed Wednesday. (Nov 21, 2012) Full Article
Japan's
exports and industrial production will likely continue to decrease for
the time being, while the overall economic activity is expected to
remain relatively weak, the Bank of Japan said in the latest monthly
report published Wednesday. (Nov 21, 2012) Full Article
Switzerland's
broad money supply aggregate expanded at a slower pace in October, the
latest figures from the Swiss National Bank revealed Wednesday. (Nov 21, 2012) Full Article
The
U.K.'s public sector net borrowing (PSNB), excluding the temporary
effects of financial interventions, rose to GBP 8.6 billion in October
from GBP 5.9 billion a year ago, reports said citing data published by
the Office for National Statistics on Wednesday. (Nov 21, 2012) Full Article
The
Organization for Economic Cooperation and Development (OECD) area
recorded steady economic growth in the third quarter, but the pattern
across member countries continued to be divergent, preliminary data
showed Wednesday. (Nov 21, 2012) Full Article
First-time
claims for U.S. unemployment benefits showed a notable decrease in the
week ended November 17th, according to a report released by the Labor
Department on Wednesday, although the data continued to reflect
distortions due to Hurricane Sandy. (Nov 21, 2012) Full Article
Forex Top Story
Japan
posted a merchandise trade deficit of 549.0 billion yen in October, the
Ministry of Finance said on Wednesday, reflecting the results of
slowing exports to China in a territorial island dispute. (Nov 21, 2012) Full Article
Eurozone
finance ministers on Tuesday failed to strike a deal on Greece,
delaying further the approval of the much-awaited EUR 31.5 billion-loan
installment despite fears that the country will run out of cash this
month. The Eurogroup will meet again on November 26 to complete "further
technical work on some elements of this package," Eurogroup President
Jean-Claude Juncker said. (Nov 21, 2012) Full Article
A
leading indicator of economic activity in China rose at a faster pace
in October, suggesting that a moderate rebound is underway, a report
from the Conference Board showed Wednesday. The leading index rose 1.5
percent month-on-month in October to 245.5, following a 0.2 percent
increase in September. Five of the six components contributed positively
to the index in October. (Nov 21, 2012) Full Article
Bank
of England policymakers decided to retain quantitative easing at GBP
375 billion through a split vote early November, as David Miles sought
an increase of GBP 25 billion citing the slackness in the economy, while
all other eight members assessed the current size as appropriate. (Nov 21, 2012) Full Article
Commodities
The price of gold was steady around $1,725 Wednesday morning as traders focus on Middle-East tensions and US fiscal cliff talks. (Nov 21, 2012) Full Article
The
price of crude oil was recovering from its previous session's steep
fall Wednesday morning as trader await cues from the official
inventories data from the EIA, due out later during the sessions. (Nov 21, 2012) Full Article
Political News
The
stage is set for yet another European Union summit, with the European
Council President Herman Van Rompuy calling on leaders for a concerted
effort to "lift Europe out of the crisis." (Nov 21, 2012) Full Article
Currency Alerts
The Japanese yen extended previous sessions' selling spree in early Asian deals Wednesday (Nov 21, 2012) Full Article
The
euro edged lower against its major rivals on Wednesday in Asia
following reports that showed the euro zone finance ministers deferred
decision on the next tranche of loans to Greece. (Nov 21, 2012) Full Article
The
yen recouped early Asian session losses across the board in late
trading Wednesday on increasing safe-haven flows into it following
reports that the euro zone finance ministers deferred their decision to
Monday on the next tranche of loans to Greece. (Nov 21, 2012) Full Article
In
the early European session on Wednesday, the Swiss franc climbed
against other major currencies after German Chancellor Angela Merkel's
comments that raising EFSF guarantees and lowering interest rates could
fill Greece's debt financing gap. (Nov 21, 2012) Full Article
General News
The
concentration of greenhouse gases like carbon dioxide, methane and
nitrous oxide in the atmosphere, responsible for global warming, reached
a new record high in 2011, according to an annual bulletin released
Tuesday by the World Meteorological Organization. (Nov 21, 2012) Full Article
Mohammad
Ajmal Amir Kasab, the lone surviving Pakistani gunman captured during
the terror attacks in the western Indian city of Mumbai that killed 166
people and injured 300 others nearly four years ago, was hanged to death
on Wednesday. (Nov 21, 2012) Full Article
Afghan and coalition security forces killed Taliban leader Saifullah during a security operation in Ghazni province on Tuesday. (Nov 21, 2012) Full Article
A
more than 50 per cent drop in new HIV infections has been achieved
across 25 low- and middle-income countries as they approach the 1000 day
deadline to achieve global AIDS targets, says a new United Nations
report, which shows that unprecedented acceleration in the AIDS response
is producing results. (Nov 21, 2012) Full Article
At
least 16 people were injured, some of them seriously, in an explosion
on a bus near military headquarters in Tel Aviv on Wednesday. (Nov 21, 2012) Full Article
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