Spain's austerity measures threatens economy

Source: Bloomberg
Spanish efforts to reduce debt burden and relieve the concerns of lenders are boosting nation's risk to fall into bigger recession, claims Madhur Jha at HSBC Holdings Plc. Spain should be provided with external financing to gain time for its policy makers to introduce reforms in country's pension system, labour market and housing market Tom Keene and Ken Prewitt from HSBC added in radio interview.
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Tue, 17 Apr 2012 13:08:28 GMT

Japan's industrial production tumbled by 1.6% in March

Japan's industrial production declined more than initially expected in March, reported the Ministry of Economy, Trade and Industry. The industrial production shank by 1.6% on a seasonally adjusted basis in March as compared to a 1.2% fall in February. Experts predicted the industrial production to slide by 1.2% in March.

Tue, 17 Apr 2012 12:44:35 GMT

Crude oil moved higher amid inspiring retail sales data from the US

Crude oil futures increased during Asian trading hours on Tuesday, being supported by firm US retail sales that are likely to spur demand for the commodity. Light, sweet crude oil futures for May delivery traded at 103.53 US Dollars per barrel on the New York Mercantile Exchange, inching up by 0.15% from the previous session's low of 103.52 US Dollars

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