New Zealand inflation rises slightly less than forecast in Q3

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Source: RTT News
© Scanpix/FP
Inflation in New Zealand increased in the three months ended in September compared to the Q2 missing preliminary economists' expectations, a data released by the Statistics New Zealand revealed on Wednesday. According to the data, consumer prices rose 0.9% in the Q3, while the figure was forecast to record 0.8% increase after it advanced 0.2% in the Q2.

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Wed, 16 Oct 2013 08:02:09 GMT

Australia's leading indicator slips in August

An economic activity leading index in Australia decreased in August signaling that the country's economy lost its momentum and this trend may continue, the Westpac and the Melbourne Institute reported on Wednesday. The report showed that Australia's leading index dropped 0.1% from 294.8 recorded in July to a level of 294.5 in the following month.

Wed, 16 Oct 2013 07:25:06 GMT

U.S. government debt placed under negative watch by Fitch

U.S. government sovereign debt was placed under negative watch by the Fitch Ratings, although the ‘AAA' rating was maintained, a report released by the Fitch Ratings unveiled on Tuesday.  The report showed that the main reason of placing the ‘AAA' long-term rating and local currency issuer default rating on Rating Watch Negative was persisting deadlock over the federal budget.

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