Asian stocks hit lowest level in three months

Note: This section contains information in English only.
Source: Bloomberg
MSCI Asia Pacific Index dropped by almost 1.5% at noon in Tokyo and signals possible close at lowest level since January 19. Nikkei 225 lost 1.7% of its value. Mitsubishi Motors, which got almost quarter of its revenues from Europe at the end of last year, dropped by 2.3%. Stocks of Cosco's ship building department plummeted after Singapore based company reported first quarter revenues below estimates. Panasonic stocks jumped 2.1% after Nikkei newspaper posted that Japanese manufacturers profits might excel beyond USD 600m boundary in this year.
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Wed, 09 May 2012 07:40:28 GMT

German exports and imports grew to record levels in March

German exports and imports reach new hights after previous record level a year ago, March 2011. In March 2012, Europe's biggest economy exported and imported goods worth EUR 98.9b and EUR 81.5b respectively, accumulating foreign exchange surplus to EUR 17.4b. Balance of payments was in surplus of EUR 19.8b. This includes surpluses in balance of services and net factor income,

Wed, 09 May 2012 06:55:46 GMT

The Australia's budget surplus might be supportive for the Aussie

Australia's Prime Minister Julia Gillard is determined to bring the state budget back to surplus by spending cuts. The projected surplus is estimated to be $1.52 billion in the fiscal year commencing this July. Thus, the government plans to support Australian bonds and currency, as the European woes have not been supportive for the Aussie.

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