The U.S. economy possibly grew at its slowest pace in the Q2

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Source: Bloomberg
The U.S. economy possibly grew at its slowest pace in a year in the Q2 due to job market concerns which forced Americans to reduce their spending due to limited corporate investment caused by the deepening Eurozone debt crisis and U.S. tax policy changes. Annual growth rate of GDP was 1.4%, following a rise of 1.9% in the beginning of the year. 
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Fri, 27 Jul 2012 07:02:39 GMT

Changsha Plans $130 Billion Investment to Boost China's Economy

Changsha, the central city of China, announced an $130 billion investment plan aimed at boosting national economy at the period amid its growth slows. The city is addressing banks to fund 195 projects, including subway lines and airport. Local governments are pushing efforts to support the economy, introducing measures such as tax cuts to boost consumption.

Fri, 27 Jul 2012 07:44:39 GMT

ECB is ready for decisive actions to save the Euro

ECB President Mario Draghi assured that the central bank is prepared to do everything that requires to save the Euro, indicating the bank might interfere in the bond markets as Spain's and Italy's bond yields are surging, hence threatening the existence of the monetary bloc. Following the statement financial markets surged. 

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