Spain recession worsens in Q2

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Source: Bloomberg
Spain's recession deepend in the second quarter with the nation's GDP falling by 0.4% from the previous three-month period, when it declined 0.3%, the Madrid-based National Statistics Institute reported today. Meanwhile, Spain's borrowing costs slid to a three-month low at an auction on Tuesday. 
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Tue, 28 Aug 2012 17:22:07 GMT

Loonie gains amid rise in crude oil

Canada's currency rose for the third day against the U.S. Dollar after crude oil, the nation's major export, rallied. On Tuesday, the Loonie advanced 0.3% to 98.76 cents per U.S. Dollar, after reaching 98.43, the highest since May 3. One Loonie buys $1.0126. Economists forecast a report this week to show Canada's GDP rising for a fourth consecutive quarter.

Tue, 28 Aug 2012 16:05:07 GMT

German stocks tumble on Tuesday

German equities tumbled on Tuesday on lack of action from the ECB and fading hopes for QE3 in the US. Dismal headlines from Japan also weighted down on the German shares. However, successful short-debt auctions in Italy and Spain restricted losses of the German blue chips index. The DAX Index dropped by 0.64% to trade at 6,977.85. All industries within

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