Greek debt reduction plan enters critical stage

Note: This section contains information in English only.
Source: Bloomberg
Greek officials and country's creditors return to talks this week to continue impeded discussions on debt reduction as Germany is increasing pressure to close the deal. Both sides disrupted talks on January 13 as they struggled to agree on the maturity and coupon size of the new notes which should determine investor losses. Uncertainty related to the outcome of talks boosts risk of national default. Greek FM Venizelos hopes to resume talks on January 18.
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Mon, 16 Jan 2012 07:57:38 GMT

Euro remains weak; French bond auction in focus

The Euro remained weak against the US Dollar and the Yen amid growing fears over the spreading Euro Zone's crisis after S&P downgraded credit ratings of nine Euro Zone countries and anticipation of French bond auction. The Euro traded at $1.2645 at Asian trade as compared to $1.2677 in late Friday's American trading. The common currency traded at ¥97.13 today

Mon, 16 Jan 2012 07:57:23 GMT

Australia' home loans advance 1.4% in December

Australian home loans increased more than expected in December, according to official data. The number of home loans added 1.4% seasonally adjusted in December from 0.7% in November, reported Australian Bureau of Statistics. Experts predicted home loans to gain 1.0% in December.

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