South Korea's consumer confidence drops after Kim Jong Il's death

Source: Bloomberg
The index of South Korea consumer confidence declined to a 3-month low as North Korea political outlook worsened after death of Kim Jong Il. The confidence index tumbled from 103 to 99 in November. A figure below 100 signals pessimism outweighs optimism. The leader of North Korea died on December 19. His son is expected to replace him. 
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Tue, 27 Dec 2011 07:46:44 GMT

China's economic growth to decline in 2012

China's economic growth is expected to decrease by approximately 8.5% in 2012 but only in case the Euro Zone crisis does not evolve into world's recession, according to senior economist. China's emerging market is closely connected to developed economies and dismal situation on the Western markets impacts nation's economy. Chinese export growth is expected to shrink to 10% next year as compared to 20% in

Tue, 27 Dec 2011 07:45:23 GMT

Dollar index extends decline ahead of US reports

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