Canada's dollar lower second day in a row

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters

Canadian national currency depreciated against its US peer on anxiety that debt turmoil in Europe is strengthening. Canada's dollar dropped for two consecutive days almost reaching 2-months low as yields for French and Spanish bonds surged. On Tuesday currency fell 0.6% attaining $0.9790 per Canadian dollar in Toronto morning trading session. 

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Wed, 16 Nov 2011 09:43:03 GMT

Asia stock markets decline on European yields

On Wednesday Asian equities experienced a drop and were trading with small volumes. Hang Seng Index fell 1.9%, Shanghai Composite traded down 1.7%, while Nikkei Stock Average lost 0.6%.  South Korea's Kospi declined 0.6% and Australia's S&P/ASX 200 gave up 0.4%. Ben Collett Louis Capital Markets' manager suggests, currently Asian long-term investors are risk averse pushing trading volumes down.

Tue, 15 Nov 2011 15:19:28 GMT

China is the 2nd biggest spender on R&D

China has spent on R&D even more than Japan this year ranking 2nd biggest spender after US. China plans to invest in R&D 2.2% of GDP in R&D by 2015. The number of applications for protecting IPR has also increased indicating substantial growth of innovation in the country.

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