Inflation in South Africa decelerated strongly in July

Source: Bloomberg
The inflation in South Africa slowed more-than-expected in July, and speculations grew that nation's policy makers may cut the benchmark interest rate already for a second time in this year. The South African inflation rate reached a fourteen-month low, at a 4.9 per cent level, down from 5.5 per cent in the previous month.
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Wed, 22 Aug 2012 19:49:51 GMT

Obama's spending outpace its fundraising

During last month, Obama spent almost $59 million through his main campaign account, what is $10 million more than he raised. The existing president has already spent $325 million, while President Bush has spent only $205.4 million in the 2004 election. By contrast, republican Mitt Romney fundraised by $25 million more, while spent only $165.3 million through his main campaign account.

Thu, 23 Aug 2012 15:03:07 GMT

Japanese trade balance tumbled less-than-expected

Japan' trade balance fell less-than-expected in July, official data showed on Tuesday. The nation's trade gap came in at $6.53 billion (¥517.4 billion) last month, after a surplus of ¥60.3 billion in the previous month.  In the meanwhile, Japanese exports to the world's second biggest economy shrank by 11.9% in July, the sharpest downfall since February.

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