IMF: wellbeing of the world's economy is under threat

Note: This section contains information in English only.
Source: BBC
The wellbeing of the global economy is under threat because of the spreading risk from the Euro Zone, said the IMF. The organization expects the world's economy to expand by 3.25% this year as compared to 4% initially projected. Considering the Euro Zone, the GDP growth is predicted to contract by 0.5% in 2012 while previously the IMF projected 1.1%.

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Wed, 25 Jan 2012 08:28:41 GMT

US stocks showed mixed performance on Tuesday

US stocks traded mixed on Tuesday amid investor concern about earnings reports and uncertainty in Greek debt talks. S&P 500 Index gave up 0.1% or 1.35 points and closed at 1,314.65 while Dow Jones Industrial Average Index fell 0.26% or 33.07 points to 12,675.75. Only Nasdaq Composite managed to end up in positive area, gaining 0.1% or 2.47 points and

Wed, 25 Jan 2012 13:24:04 GMT

Loonie little changed against greenback

Canadian Dollar traded close to flat against its US peer on Tuesday as the growth of country's retail sales slowed in November indicating declining public demand. Retail sales added 0.3% in November compared to 0.9% surge in October. Canadian currency depreciated 0.01% to C$1.0090 in Toronto evening session. Currently USD/CAD is trading at C$1.0104. 

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