Singapore GDP outperforms Hong Kong's

Note: This section contains information in English only.
Source: Bloomberg
Singapore's economic growth beat Hong Kong's GDP for a second consecutive year as the country benefited from stronger currency, steeper population expansion and growth in pharmaceutical and casino sectors. Singapore's GDP was SGD 326.8 billion for the year 2011 or about USD 260 billion while that of Hong Kong's reached HKD 1.89 trillion or USD 243.3 billion.
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Thu, 01 Mar 2012 08:28:22 GMT

Canadian Dollar surges on ECB cheap loan allotment

Canadian currency appreciated to the 5-month record high after ECB provided 800 banks with EUR 529.5 billion three-year loans. Loonie jumped 0.5% against US Dollar to CAD 0.9899. On monthly basis Canadian Dollar has gained 1.3% against the Greenback while on year to date basis Loonie has climbed 3.2%. Currently USD/CAD is trading at CAD 0.9890.

Thu, 01 Mar 2012 08:00:37 GMT

India's PMI slightly eased in February

India's Purchasing Managers' Index modestly slowed in February compared to January when it reached 8-month record high, indicating slowdown in country's economy might be easing. PMI declined from 57.5 in previous month to 56.6 in February, said HSBC Holdings Plc and Markit Economics today. 

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