Fed may cut interest rate on bank reserves

Note: This section contains information in English only.
Source: Bloomberg
The Fed's Chairman Ben Bernanke might reduce interest rate on bank reserves to decrease short-term borrowing costs and stimulate the U.S. expansion. Bernanke said that cutting the interest rate from 0.25% is one of the easing steps of the Fed to lower the unemployment, which has been above 8% for more than 3 years.   
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Tue, 31 Jul 2012 06:36:50 GMT

South Korea's industrial production declines

South Korea's industrial output fell 0.4% in June for the first time in 3 months, after climbing 1.3% in May. The decline of the industrial production was caused by the worsening Eurozone debt crisis and China's slowing economy, which curbed export demand. Manufacturer's confidence declined to a 3-year low for August, after the slowest economic growth in 3 years. 

Tue, 31 Jul 2012 06:14:50 GMT

U.S. and German top officials encourage Euro plans

German Finance Minister Wolfgang Schaeuble and U.S. Treasury Secretary Timothy Geithner have called for a closer cooperation to stabilize the world and European economy. The top officials supported sale of bonds in Ireland, welcomed success of Portugal in meeting the programme requirements. Moreover, they discussed efforts made by Italy and Spain to carry out structural and fiscal reforms. 

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