US retail sales increased less than expected in December

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Source: Forexpros
US retail sales advanced less than initially projected in December, growing at the slowest pace in the last seven months. The sales increased by 0.1% seasonally adjusted in December as compared to 0.3% expected, reported the U.S. Census Bureau. Core retail sales fell by 0.2% in December after jumping by 7% in November.
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Thu, 12 Jan 2012 19:28:25 GMT

Chinas gold imports from Hong Kong at record high in November

China's November's gold purchases from Hong Kong soared to record high on the strengthening demand ahead of the Chinese New Year and on investor's desire to hedge risks amid weak equity markets. China bought 102,779 kilograms in November as compared to 86,299 kilograms in the preceding month. Moreover, China has to raise its gold reserves to promote internationalization of the

Thu, 12 Jan 2012 19:28:12 GMT

China's PPI saw 1.7% increase last month

Growth of the Chinese producer prices decelerated in December to the slowest increase pace in the last two years. China's PPI, gauge of inflation in the wholesale sector, increased by 1.7% on a yearly basis, reported the NBS. The total PPI for 2011 edged up 6%. Experts predict short-term stimulus for prices ahead of the Chinese holidays while the long-term

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