Japanese consumer sentiment almost unchanged in April

Note: This section contains information in English only.
Source: Reuters
Japan's consumer confidence was little changed last month, indicating that the country's economic recovery is stable, reported Cabinet Office. Its sentiment index that tracks opinion on jobs and income eased down to 40.0 last month as compared to 40.3 in the preceding month. However, consumers still are not confident in robust economic growth as reading below 50.0 indicates pessimism.


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Tue, 15 May 2012 06:44:23 GMT

Gold is sliding on Euro Zone's political instability

Gold futures dropped in Asian hours on Tuesday as political instability in Greece continued to lend support for the US Dollar. COMEX gold for delivery in June traded at 1,557.25 US Dollars per troy ounce on the New York Mercantile Exchange, declining by 0.24%. Meanwhile, COMEX silver July contract attained 28.173 US Dollars per troy ounce, tumbling by 0.63%.

Tue, 15 May 2012 06:22:23 GMT

Moody's cut credit rating of 26 Italian banks

Mood's has lowered the credit rating of 26 Italian banks, citing that the county's financial sector is becoming more vulnerable to crisis and impacts of the budget reductions. The largest Italian banks as Unicredit and Intesa Sanpaolo were also downgraded from A2 to A3. Ten banks were downgraded to junk status. All banks were put on negative watch, implying that

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