Asian Development Banks lowers East Asia expected growth rate

Note: This section contains information in English only.
Source: BBC

The Asian Development Bank downgraded growth forecast for East Asia for 2012 citing recession in the developed economies such as US and Europe. The bank projects 14 countries in the Asia to expand growth by 7.2% as compared to 7.5% expected earlier. The decrease in growth forecast was caused mainly by low export prospects, the bank added.

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Tue, 06 Dec 2011 09:35:42 GMT

Bank of Japan faces surge in US dollar demand

Demand for one week Japan's US dollar loans have rocketed 25 times as six central banks reduced greenback borrowing costs, reported Bank of Japan (BOJ). Japanese central bank announced it has approved all the offers for one-week dollar loans amounting to $25 m, and will demand fixed rate at 0.6%. To compare, on November 29 BOJ provided same maturity dollar loans at 1.08% totalling $1m.

Tue, 06 Dec 2011 08:51:36 GMT

Halliburton vanished evidence of Gulf of Mexico spill

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