China's President pledged to protect environment

Source: Bloomberg
© Scanpix/Reuters
Xi Jinping, the President of China, pledged to avoid environmental degradation even if it meant slower economic growth. The comment came amid rising public dissatisfaction with increasing levels of pollution in the country. The government has already approved the proposal to increase taxes on products that are harmful to the environment and also expand levies on country's natural resources.
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Mon, 27 May 2013 06:53:04 GMT

BoJ officials say inflation might fall short of 2% target

A few BoJ board members expressed concern that the central bank might not achieve its 2% inflation target through March 2016. High uncertainty of whether increased inflation expectations will lead to a surge in actual price level is cited as the major worry. These officials expect inflation to be less than 1% while the forecast of the board is 1.9%

Fri, 24 May 2013 14:07:32 GMT

German GDP rises 0.1% in Q1

German economy rebounded from a steep contraction recorded in the last three months of 2012, when it advanced modestly in the Q1, the Federal Statistical Office reported on Friday. According to the report the country's gross domestic product increased by 0.1% on a quarterly basis in the Q1 following a notable fall of 0.7% recorded in the Q4.

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