China's new loans increased in May

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Source: Marketwatch
China's financial institutions increased lending to 700 billion Yuan in May, reported China Securities Journal.  However, in April, new loans issued in China dropped from 1.01 trillion Yuan to 681 billion Yuan prompting the policymakers to facilitate new loan approvals.  Experts claim new loans are likely to continue growing and may approach 2.4 trillion Yuan by the end of Q2 due to faster approvals of investment projects funded by banks.


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Tue, 05 Jun 2012 07:23:20 GMT

Gold rose on easing hopes

Gold advanced in Asian session on Friday on hopes that negative US economic data will prompt policymakers to consider next round of quantitative easing. COMEX gold August contract traded at 1,622.85 US Dollars per troy ounce on the New York Mercantile Exchange, climbing by 0.55%. Meanwhile, COMEX silver for delivery in July traded at 28.388 US Dollars per troy ounce,

Tue, 05 Jun 2012 09:13:19 GMT

Loonie hits 6-month low before central bank meeting

Canadian Dollar hit a 6-month record low ahead of Bank of Canada meeting due Wednesday. Policy makers are predicted to postpone higher interest rates. Canadian currency closed at CAD 1.0394 yesterday. Yields on 10-year bonds keep fluctuating close to record lows since 1950s as investors perceived country's assets as save haven. 

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