Posted on July 13, 2012 12:18 pm GMT
Sterling has been rallying sharply against the dollar and the euro after the Bank of England announced its new lending plan that will boost credit by 80 billion pounds, in an effort to stimulate the sluggish UK economy. More and […]
Posted on July 13, 2012 9:28 am GMT
Euro is under pressure, hovering near a two-year low against the dollar after Moody’s ratings agency downgraded Italy’s government bond rating by two notches to Baa2 from A3 late on Thursday night. The agency also said that further downgrading is […]
Posted on July 12, 2012 12:55 pm GMT
Dollar extended gains against the euro after U.S. jobless claims data. The number of claims filed by Americans for initial jobless benefits fell more than expected last week, marking the lowest level in four years.
A report from the U.S. Labour […]
Posted on July 12, 2012 9:52 am GMT
Euro rises after a report from Eurostat showed that euro zone Industrial production in the 17 countries sharing the euro rose 0.6 percent in May from April. This beat expectations which were for growth to remain stagnant.
Europe’s largest economy, Germany, […]
Posted on July 12, 2012 7:36 am GMT
Euro tumbled to a five week low against yen on Thursday as safe haven flows increased on uncertainty about the EU’s progress in addressing its debt crisis. Also the Bank of Japan held its monthly policy meeting today and announced […]
Posted on July 11, 2012 12:17 pm GMT
Ex-Prime minister of Italy, Silvio Berlusconi is about to stage a political comeback by running for Prime Minister for a fourth time in Italy’s next elections. In November 2011, Berlusconi was ousted from office as his country’s economy was plunging […]
Posted on July 11, 2012 7:50 am GMT
The euro is under pressure as the launch of the euro zone permanent bailout fund has been delayed. The European Stability Mechanism (ESM) was supposed to begin operations on July 1st. However, it is faced with a road block after […]
Posted on July 10, 2012 9:20 am GMT
The British pound rallied after better-than-expected U.K. industrial output data soothed some concerns about slowing economic growth.
Data released from the U.K. Office for National Statistics showed that manufacturing output rose more than expected in May, increasing 1.2 percent after a […]
Posted on July 9, 2012 11:19 am GMT
The euro zone’s sentiment index fell in July to reach the lowest level in three years as the region grapples with the sovereign debt crisis.
The Sentix index dropped for the fourth straight month to -29.6, missing expectations by Reuters analysts […]
Posted on July 9, 2012 8:05 am GMT
Inflation data from China today showed consumer and producer prices fell more than expected in June, signalling declining demand for goods from the second-largest global economy and the likelihood of more growth-supporting policy measures from the Chinese government.
The National Bureau […]