Japan's Q3 growth forecast downgraded

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Source: mninews

Japan's Q3 growth of the GDP is going to be downgraded to an annual increase of 5.1% from 6.0% expected. Experts explain the decrease as a result of lower capital investment, reported Market New International. However, preliminary data of the GDP indicated the country's economy increased 1.5% on a quarterly basis indicating the first increase in the last four quarters.

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Tue, 06 Dec 2011 08:35:40 GMT

Australia lowers key cash rate amid bleak economic outlook

Central bank of Australia decreased the key interest rate for the second consecutive month amid concerns about deteriorating global economic situation and lower domestic inflation worries. The Reserve Bank of Australia cut the key cash rate to 4.25% while some analysts expected the rate to remain unchanged.

Tue, 06 Dec 2011 08:34:06 GMT

Blackberry sales promotion's consequences

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