Slowdown in economic growth of China in second quarter

Note: This section contains information in English only.
Source: BBC
During the last three years China has faced the record slow growth of the economy because of the declined investments and lower export demand from the US and European consumers. Compared to the same time interval in 2011 from April to June the GDP of China grew by 7.6%, which is 8.1% smaller than in the first quarter. As China makes approximately 20% of the world's economy the slowdown in its economic growth may cause the global slow-up in recovery process. For 2012 experts shortened the predicted growth to 7.5%.
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Fri, 13 Jul 2012 08:39:03 GMT

Yen - the best performer among developed-nation currencies

On Friday morning in London the Yen was trading at JPY 96.73 per EUR which is fairly close to its record high JPY 96.43 recorded on June 1 2012. This week Japanese national currency gained 1.2% against its European counterpart. Though the Yen also rose against the US Dollar by 0.5% this week . In the morning the conversion rate was JPY 79.31 per USD.

Thu, 12 Jul 2012 16:18:00 GMT

German stocks slide after FOMC minutes

DAX Index dropped on Thursday by  1.14% to 6,380.50. Fading easing hopes after FOMC minutes pushed down the Germany's blue chip index. Consumer goods sector dropped by 1.12%. Henkel, Adidas and Beiersdorf fell by 0.02%, 1.85% and  0.17%, respectively. Meanwhile, financial institutions plunged, with shares of Commerzbank and Deutsche Bank decreasing by 1.45% and 0.95%. Utility companies declined as well.

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