Greece economy continues contraction

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Source: RTTNews
Greece's economy shrank for the ninth consecutive time in the second quarter and tumbled deep in the recession, Hellenic Statistical Authority said on Monday. GDP dropped 6.2% on year, compared to a 6.5% fall in preceding quarter and economists' estimate of 7%. GDP, calculated in current prices, declined at increased pace of 6.6% year-on-year in the second quarter after a previous 6.1% drop.
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Mon, 13 Aug 2012 11:25:26 GMT

Norway retail trade decreases in June

Norway's retail sales declined in June, after climbing most of the months in 2012, reported by Statistics Norway on Monday. Retail sales turnover, excluding automobiles, fell a seasonally adjusted 1.4% on month in June. The drop was lead by 1.8% decline in grocery sales and 4.5% fall in petrol stations' sales.

Mon, 13 Aug 2012 12:58:35 GMT

Aussie Dollar falls amid flagging demand for risky assets

The Australian Dollar declined versus almost all of its major peers as global economic downturn curtailed demand for high interest currencies. The Aussie Dollar fell 0.2% to $1.0556 and dropped to 82.63 Yen. The New Zealand Dollar lost 0.2% to 81.17 U.S. cents and 0.2% to 63.53 Yen. 

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