Jobless rate in Greece reached record high of 25.1%

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Source: BBC News
Greece unemployment rate reached a record high of 25.1% in July, while the jobless rate among young people hit 54.2%. According to Greece's statistical authority, 1.26 million Greeks were unemployed in July, with roughly 1000 jobs lost daily over the past year. With further austerity measures and another year of recession, the jobless rate may increase further. 
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Fri, 12 Oct 2012 09:59:11 GMT

Won rises on positive data from the U.S., which boosts demand for riskier assets

South Korea's Won rose and government bonds fell for a second straight day as data indicated the U.S. unemployment claims declined to the lowest level in four years, boosting demand for riskier assets. The won gained 0.3% to 1,111.30 per U.S. Dollar. The Bank of Korea cut its benchmark interest rate to 2.75% yesterday and lowered its forecast for economic

Fri, 12 Oct 2012 08:42:24 GMT

Aussie strengthens as commodity prices increase

The Australian Dollar strengthened, trading 0.1% from one-week high as commodity price gains increased demand for the nation's currency. The Aussie Dollar gained 0.2% to $1.0283 from $ 1.0264 yesterday, when the currency touched $1.0294, the highest level since October 2. It rose 0.4% to 80.69 Yen. The New Zealand Dollar added 0.3% to 82 U.S. cents and it bought

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