Building permits in Canada tumbled 5.2% in April

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Source: Forexpros

On Tuesday, Statistic Canada reported that the amount of permits for new buildings issued in Canada slumped 5.2% in April, which is significantly more than an anticipated 2.0% decline. This outweighs strong gains during previous month, when the figure grew revised 4.9%.

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Tue, 05 Jun 2012 17:43:20 GMT

China plans for Greece's Exit from Eurozone

As Standard & Poor's stated that there is a 33% chance that Greece may leave the 17-nation area, China began drafting all possible scenarios that may be detrimental for the country. According to China Daily, the government will consider how the exit may influence the commerce, rate of exchange as well as the investment flow. However, the main concern of China lies not in

Tue, 05 Jun 2012 17:21:20 GMT

Eurozone retail sales dropped 1% in April

Eurostat reported on Tuesday that Eurozone retail sales decreased by 1% in April, which is more than an expected 0.1% drop. This added to concerns over Eurozone's economic outlook. In March, retail sales gained 0.3%, however, this figure is unrevised yet. At the same time year-on-year decrease of retail sales was 2.5% in April.

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