Asian shares follow downward trend on Tuesday

Note: This section contains information in English only.
Source: Marketwatch
Asian markets traded lower on Tuesday as investors remained worried about world second biggest economy's growth prospects. Hong Kong's Hang Seng Index fell 2.2%, Shanghai Composite Index dropped 1.4% and Japan's Nikkei Stock Average lost 0.6%. South Korea's Kospi tumbled 0.8% and Australia's S&P/ASX 200 index gave up 1.4%. 

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Tue, 06 Mar 2012 12:09:05 GMT

Euro Zone GDP and exports contracted in 4th quarter

European economy declined in the 4th quarter of 2011 as investment fell most since 2009 amid dropping consumer spending and exports. GDP both in Euro Zone and EU 27 area fell 0.3% compared to 3rd quarter said EU statistics office on Tuesday. Exports contracted 0.4% compared to a 1.4% gain in the 3rd quarter. Investment faded 0.7% and household spending diminished 0.4%. 

Tue, 06 Mar 2012 13:40:42 GMT

Portugal to return in bond markets in 2013

International Monetary Fund expects Portugal to return in sovereign bond markets next year. Portuguese government is attempting to reduce spending and increase taxes in order to fulfil IMF requirements in exchange for EUR 78 billion rescue package. Portuguese PM Pedro Passos Coelho expects country's economic performance to improve in next few months. 

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