Bank of Canada left interest rate unchanged

Note: This section contains information in English only.
Source: Bloomberg
The Canadian central bank decided to keep its benchmark interest rate at a 1 per cent level, while not excluding the possibility of further increase. At the same time the Bank of Canada trimmed its economic forecast by 0.3 per cent to 2.1 per cent in 2012 and 2.3 percent in the next year, while the 2014 projection was even raised to 2.5 per cent.
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Tue, 17 Jul 2012 18:21:21 GMT

Goldman's quarterly profit fell

According to the Goldman Sachs Group Inc's quarterly report, their profit is down 12 per cent, as investment inflow declined. Bank lost $306 million on investments in Industrial and Commercial Bank of China and other stocks as well.  Soon after the report, bank announced the new round of cost-cutting, after what shares dropped 0.4 per cent.

Tue, 17 Jul 2012 18:32:14 GMT

German stocks turned green on Tuesday

On Tuesday, July 17, German markets advanced before the Fed's Chairman Ben S. Bernanke's report. The DAX Index rose 0.5 per cent to 6,595.66, while Daimler AG and Volkswagen AG also increased after German car sales jumped 0.7 per cent in the first half of this year. Volkswagen shares advanced 1.5 per cent to 138.90 euros and Daimler climbed 0.8 per cent to 36.84

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