China's service industry accelerates at steady pace in November

Source: Reuters
Service sector in the world's second largest economy expanded at a steady rate in November suggesting that China's economy gathered its momentum as government started reforming, a report published by the HSBC and Markit Economics showed on Wednesday. The HSBC/Markit purchasing managers' index for service industry remained at 52.5 after recording 52.6 in the prior month.

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Wed, 04 Dec 2013 09:18:07 GMT

Australia's GDP rises less than forecast in Q3

The performance of Australian economy increased in the three months to September, however, the pace of growth of lower than economists initially expected, the latest data revealed by the Australian Bureau of Statistics showed on Wednesday. According to the data, the country's GDP rose 0.6% in the Q3 following the same increased in the Q2, while it was forecast to

Wed, 04 Dec 2013 08:56:07 GMT

Greenback drops before labour market data

The U.S. currency declined on Wednesday weakening against the Japanese Yen and other Asian currencies before a government report released U.S. labour market data later this week. The so-called Greenback fell to 102.24 Yen after reaching the highest level in six months at 103.38 yen yesterday, while the U.S. Dollar Index decreased 0.4% to 80.627.

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