Greece parliament votes in favour of welfare cuts

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Source: Bloomberg
Greece's lawmakers approved reductions in health care and pensions to secure the second bailout funding and save the nation from default. 213 members of parliament supported the law while 58 lawmakers were against. The vote implies Greece has fulfilled most of its obligations demanded by EU and IMF. Finance Ministers will discuss the rescue package for Greece today in Brussels. 
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Thu, 01 Mar 2012 07:28:26 GMT

Aussie and Kiwi climbs on Japanese capital spending increase

Australian and New Zealand currencies appreciated versus Yen and US Dollar on news Japan's firms' capital spending surged to 5-year record high in the 4th quarter. Aussie strengthened 0.3% against Yen to JPY 87.34 and added 0.2% versus greenback to USD 1.0758. Kiwi also climbed 0.3% against Yen to JPY 67.88 and advanced 0.3% versus its US peer to USD 0.8363.

Thu, 01 Mar 2012 06:58:37 GMT

China manufacturing expanded in February

China's production advanced for a third consecutive month in February, said China's statistics bureau today. The Purchasing Managers' Index climbed from 50.5 in January to 51.0 in February indicating China is continuing to grow despite uncertainty in Europe and slowdown in local property market. 

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