China growth forecast to slide more

Note: This section contains information in English only.
Source: Bloomberg
World's second biggest economy is set to slowing growth in Q3, as a Central bank adviser forecasts a 7.4% growth this quarter. S. Guoqing, a member of PBC monetary committee, expressed worries that the sliding consumer and producer prices may potentially harm ROI of production companies, thus reducing the inflow of FDI in future. The economy grew 7.6% in Q2, while Beijing holds the forecast GDP growth at 7.5% in 2012.
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Mon, 23 Jul 2012 11:46:28 GMT

Italian stocks slump on EU turmoil

Italian stocks are set for a historically low close due to European stock sell-off caused by re-emergence of Greek euro-exit talks and turmoil in Spanish banking sector. FTSE MIB (Milan) has lost 4.16% since the opening bell, driven by finance equities. Intensa SpA has lost 8.96% and UniCredit SpA - 4.76%, being the biggest contributors to the slump. Meanwhile, EUR/USD

Mon, 23 Jul 2012 10:55:31 GMT

Spain's GDP drops 0.4%

Spain's central bank announced that countries GDP dropped 0.4% in the quarter ending June after contracting by 0.3% in the first quarter. GDP decreased by 1% in comparison to the same quarter last year. Domestic demand fell by 1.2% in the recent quarter and by 0.5% in the first quarter this year. Last week Mariano Rajoy announced fourth round of tax increase and

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