Unemployment claims in US decline to 4-year low

Note: This section contains information in English only.
Source: Bloomberg
The number of applications for unemployment benefits fell last week to four-year low while consumer confidence climbed to highest level since 2008 stimulating expectations recovering labour market may encourage household spending. Jobless claims decreased by 14 000 to 351 000 through week ended March 10 said Labor Department on Thursday. Consumer confidence index surged from minus 36.7 to minus 33.7.
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Fri, 16 Mar 2012 07:20:09 GMT

Brazil decides to hold its benchmark rate close to record low

Brazil's central bank announced it will stick to current borrowing rate, close to 18-months record low as policy makers expects country inflation to slow around 4.5% in 2012. Decelerating global economy indicates inflation will keep fading in Brazil, said central bank's officials. Therefore it is likely Brazil will keep its interest rates near record lows at 9.75%.

Thu, 15 Mar 2012 20:08:46 GMT

Rural commodities mixed on improved crop condiitions in the US

Agricultural commodities were mixed on Wednesday with growing sugar and wheat futures and falling corn and coffee. Rural commodes were pressured by the higher US Dollar and bleaker outlook on China's economy. Moreover, favorable weather conditions in the US also pushed the commodity group lower. Corn futures lost 0.67% on Wednesday as traders cashed out form the market due to

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