German factory orders advanced in December

Note: This section contains information in English only.
Source: Bloomberg
German factory orders expanded more than expected in December, suggesting European biggest economy suffered less from regional crisis due to overseas demand. Factory orders added 1.7% in December compared to a 4.9% fall in November. Economists earlier predicted an increase of 1.0%. Orders from Euro Zone countries slumped 6.8%.
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Tue, 07 Feb 2012 07:32:17 GMT

Japan discloses Yen intervention in November

Japan used monetary intervention in November as appreciating Yen harmed nation's main exporters including car markers and electronics producers. Finance Ministry today disclosed data, showing that country sold JPY 1.02 trillion or USD 13.3 billion in the early November to depreciate Japanese currency. Foreign exchange strategists expect further intervention from Japanese officials. 

Mon, 06 Feb 2012 17:32:55 GMT

Romney wins Nevada caucus

Mitt Romney won Nevada caucus yesterday, strengthening his main player status in Republican presidential competition. Romney gained 48% of votes, followed by Gingrich with 23%, Ron Paul with 19% and Rick Santorum with 11%. In his speech Romney confronted Obama, claiming private sector and Americans led for improvements in US job market, instead of the current President. 

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