Thailand's GDP growth is expected to lose 5% in Q4

Source: Marketwatch

Thai GDP is likely to shrink by 5% in Q4 as flooding impacted manufacturing and dampened exports, according to the Ministry of Finance's Fiscal Policy Office. However, measures aimed at faster recovery after natural disaster are expected to push the economic expansion to 5% in 2012, reported Somchai Sujjapongse, head of the FPO.

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Wed, 28 Dec 2011 10:56:09 GMT

Sweden's retail sales up for a second month

Sweden's retail sales surprisingly surged for a second straight month as nation's unemployment level fell. Seasonally adjusted sales added 0.8% in November after growing 0.4% in previous month. Economists questioned by Bloomberg predicted a decline of 0.3%. On annual basis retail sales in Sweden have gained 0.7%.

Wed, 28 Dec 2011 09:36:22 GMT

Barclays suffers from aluminium and copper bets

Barclays experiences losses of millions of the USD on copper and aluminium trades. The bank denies any rumours about losses; however, LME reports that Barclays is losing money. Barclays had taken long-term positions in copper but the copper price fell dramatically from $10000/tonne to $8000/tonne causing huge losses to the bank. Aluminum trade also weighted up on losses.

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