Japan's shares rise amid tax on bank accounts in Cyprus

Source: Bloomberg

Japanese shares advanced on Tuesday led by the Topix Index bouncing off its biggest decrease since May 2012 amid speculations that yesterday's drop was excessive and as concerns of bank runs in Cyprus after a levy put on the country's deposit holders dragged the European shares down. The Topix added 1.7% to 1,045.89 on Tuesday and it has gained 45% since November 14.


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Tue, 19 Mar 2013 13:01:08 GMT

Rand continues to depreciate on power blackouts

The South Africa's Rand dropped by 0.4% to 9.1842 per U.S. Dollar in early Johannesburg trading session on Tuesday. The currency fell 7.7% this year and is the worst performer among emerging markets currencies. Investors are very concerned about power blackouts by Eskom Holding. The state owned electricity company can not ensure a reserve power margin, due to coal supply shortages.

Thu, 21 Mar 2013 06:54:10 GMT

Poland's core inflation slows down to 5-year low in February

Polish core inflation slowed down to its lowest figure since November 2007 in February, while the consumer price index stayed unchanged on a monthly basis at 0.1%, the country's central bank reported on Monday. The report showed that core consumer prices advanced annually by 1.1% in February following a 1.4% rise recorded the month before, while the core inflation was

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