Chinese exports climbed in May

Note: This section contains information in English only.
Source: Bloomberg
China's exports accelerated in May faster than economists had predicted. Exports added 15.3% when compared to a previous year, customs bureau reported on Saturday. Meanwhile the retail sales and industrial output were slightly weaker than expected, confirming the PBOC decision to reduce interest rate.  
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Mon, 11 Jun 2012 06:20:36 GMT

Euro advances on Spain's call for bailout

The 17-nation currency strengthened versus its US peer on Monday after European officials agreed to give Spain a rescue loan. Euro hit a two-week record high at USD 1.2671 on Friday and later closed 0.9% up at USD 1.2631. Currently EUR/USD is trading at USD 1.2638.

Mon, 11 Jun 2012 07:19:37 GMT

Mariano Rajoy said financial aid to banks will shore up ailing economy

Spanish government agreed on Saturday to accept $125 billion in financial aid for Spanish banks. Prime Minister Mariano Rajoy said on Sunday that the EU bailout for the ailing banks will prop up the country's economy. "It will allow the restarting of credit to families, entrepreneurs, small and medium-sized businesses so that they can all carry out their projects," Mr.

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