Economic News September 17, 2013.
China's
foreign direct investment grew only 0.62 percent in August from the
previous year, a report released by the Ministry of Commerce showed
Tuesday. (Sep 17, 2013) Full Article
The
International Monetary Fund completed its first review of Cyprus's
performance under a three-year bailout program. The completion of the
review enabled the disbursement of EUR 84.7 million. (Sep 17, 2013) Full Article
A
bank's capital base and its holdings of liquid assets are both
important in helping a bank to withstand certain types of shocks, the
Bank of England said in its Quarterly Bulletin on Tuesday. (Sep 17, 2013) Full Article
Europe's
new passenger car registrations declined in August reflecting downturn
across significant markets, the European Automobile Manufacturers'
Association reported Tuesday. (Sep 17, 2013) Full Article
The
Eurozone current account surplus decreased for the fourth consecutive
month in July, largely due to a sharp decline in income, the European
Central Bank said Tuesday. (Sep 17, 2013) Full Article
Hong
Kong's unemployment rate held steady for the second consecutive month
in August, data released by the Census and Statistics Department
revealed on Tuesday. (Sep 17, 2013) Full Article
Consumer
prices in the U.S. showed a modest increase in the month of August,
according to a report released by the Labor Department on Tuesday, with
the uptick in prices matching economist estimates. (Sep 17, 2013) Full Article
Forex Top Story
Members
of the Reserve Bank of Australia's monetary policy board would not call
it imminent, but they would not rule out the possibility of further
easing, minutes from the bank's September meeting revealed on Tuesday. (Sep 17, 2013) Full Article
Driven
by modest increases in transportation and clothing costs, U.K.
inflation slowed for the second consecutive month, as expected, in
August. In addition, factory-gate inflation fell markedly, indicating
easing inflationary pressures in the pipeline. (Sep 17, 2013) Full Article
German
investor confidence rose to its highest level in more than three years
during September, driven by increasing expectations of the economic
recovery gaining momentum amid an overall improvement in the Eurozone
outlook. The indicator of economic sentiment, which measures investors'
expectations about the German economy in six months time, rose for the
second straight month. (Sep 17, 2013) Full Article
Political News
China
on Tuesday announced the removal of Jiang Jiemin from his post as head
of the State-owned Assets Supervision and Administration Commission
(SASAC). (Sep 17, 2013) Full Article
A
senior Islamist opposition leader was sentenced to death by the top
court in Bangladesh on Tuesday for mass murder during the country's 1971
liberation war against Pakistan. (Sep 17, 2013) Full Article
French
Foreign Minister Laurent Fabius on Tuesday met with his Russian
counterpart Sergei Lavrov in Moscow where the two leaders acknowledged
their differences on Syria, but stressed the importance of moving ahead
with a U.N. resolution on placing Syria's chemical weapon stockpiles
under international control, French media reported. (Sep 17, 2013) Full Article
Currency Alerts
The
Japanese yen slipped against other major currencies in Asian morning
deals on Tuesday, as regional stocks rose ahead of Federal Reserve's
monetary policy meeting starting today. (Sep 17, 2013) Full Article
The
Australian dollar traded lower against its major counterparts in the
Asian session on Tuesday, as traders await the outcome of Federal
Reserve's monetary policy meeting beginning today. (Sep 17, 2013) Full Article
The
pound pulled back from its early highs against other major currencies
on Tuesday's early European session as reports showed that U.K. annual
inflation and producer price growth slowed in August. (Sep 17, 2013) Full Article
The
euro stabilized in early deals on Tuesday as Germany's ZEW economic
sentiment continued to improve in the month of September, signaling the
euro-area recovery is picking up. (Sep 17, 2013) Full Article
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