Fed likely to announce QE3 soon

Note: This section contains information in English only.
Source: Financial Post

The U.S. Fed is likely to announce another round of quantitative easing soon unless the world's biggest economy starts to recover considerably, the latest minutes released by the Federal Reserve on August 22 showed. Meanwhile, the U.S. economy grew only by 1.5 per cent in the second quarter.

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Thu, 23 Aug 2012 19:08:54 GMT

German GDP growth slows down in Q2

Europe's biggest economy added 0.3 per cent in the second quarter, following a 0.5% increase in the previous quarter, according to data released by Destatis on August 23. The results met analysts' expectations. Year-over-year German economy increased 0.5% in the second quarter, after growing 1.7% in the previous.

Thu, 23 Aug 2012 18:46:54 GMT

China's manufacturing dropped to a nine-month low in August

The manufacturing activity in the world's second largest economy tumbled to a nine-month in August.  An index measuring factory output fell to 47.8 from 49.3 in July. Any reading under 50 indicates a contracting manufacturing sector in the country. The deterioration of data may show that firms' confidence wasn't boosted enough by the government's efforts to spur Chinese economy.

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