Spain's GDP growth tumbled 0.3% in Q4 of 2011

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Source: Marketawtch
Spain's GDP contracted by 0.3% in Q4 of 2011, reported the national statistics agency. The slowdown of the growth is attributed to low domestic demand. The figure is basically in line with expectations of the Bank of Spain forecast. Considering yearly changes, the GDP expanded by 0.3% in Q4 of 2011. The Bank of Spain expects the GDP growth to contract by 1.5% this year and expand by 0.2% in 2013.

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Mon, 30 Jan 2012 10:18:54 GMT

China's bank announced slower real estate loan growth

The PBOC reported that the loans to the real estate sector slowed in 2011 while proportion in the real estate loans in the overall lending also decreased. The country's banks saw CNY 1.26 trillion new loans last year as compared to CNY 2.03 trillion in the preceding year. New loans to property market amounted 17.5% of the total new loans

Mon, 30 Jan 2012 14:54:20 GMT

Coalspur Mines expects 24% higher coal production from Canadian mine

Coalspur Mines Ltd. announced it expects Vista mine to create 24% higher coal output than previously reported. The company said its Vista project may have yearly output capacity of 11.2 million tons of thermal coal as compared to initial estimation of 9 million tons. Strong demand from Asian markets stimulates the development of coal mines, said Gene Wusaty, CEO of

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