Germany expected to confront other European leaders

Source: Bloomberg
Germany is likely to go against the expanding bloc of Eurozone countries that require more decisive policies to rescue common currency area. Italian and Spanish leaders have join other nations calling for more incremental approach from Germany. Before the Brussels EU summit region's officials will gather in pre-summit meetings to discuss key disagreements. 
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Mon, 25 Jun 2012 06:24:11 GMT

Yuan falls to 7-month low on PBOC currency intervention

Chinese Yuan dropped to 7-month record low after PBOC lowered the reference rate of currency to support country's exports amid slowing world demand. Nation's central bank lowered its daily fixing by 0.3% to CNY 6.3230. Chinese currency depreciated 0.2% to CNY 6.3769 at Shanghai trade. 

Fri, 22 Jun 2012 16:15:07 GMT

Nikkei 225 breaches two day gains on darker outlook for global economy

Japan's Nikkei Stock Average disrupted a two day rally and traded lower on Friday as US jobs and housing data trailed estimates. Losses, however, were limited by exporter companies who gained on weaker Yen which attained 5-week record low. Mitsubishi UFJ Financial Group sank 1.1% after ratings of 15 worldwide banks were cut by Moody's Investors Service.  Olympus Corp added

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