The Yen appreciates as the demand for it rises

Source: Bloomberg

The Yen appreciated against its 16 major counterparts as the European leaders did not decide on exact measures to deal with the debt crisis. The demand for the Yen rose as Japan's currency is considered to be a safe haven. On Thursday morning, July 19, the Yen climbed 0.3% to JPY 96.47 per EUR. Moreover, the US Dollar fell to a two-week low against the Yen, JPY 78.47.

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Thu, 19 Jul 2012 09:26:17 GMT

China promised a credit of USD20 billion to Africa

During a summit organized in Beijing, China's Head of State, Hu Jintao, made a pledge of USD 20 billion to Africa with a three-year maturity and would aid SMEs, agriculture etc. This would also strengthen the relationship on the international level. The commerce between China and Africa has bloomed, in 2011 their trade reached USD 116 billion, as reported by

Thu, 19 Jul 2012 16:58:33 GMT

U.K. stocks turned green as more people are employed

On Wednesday, July 18, an unexpected decline in U.K.'s unemployment rate boosted markets higher. The FTSE 100 index advanced 1.01 per cent to 5,685.77 and British pound strengthened versus the single currency 0.17 per cent to 0.7839. Meanwhile, the boost was supported by the increase of Fresnillo PLC shares by 1.56 per cent, BHP Billiton rose 2.02 per cent and Rio Tinto PLC also increased

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