Pound surges on drop in unemployment

Source: Bloomberg
The Pound surged the most in almost two months after the U.K. unemployment dropped to the lowest level in more than four years. The sterling advanced at least 0.2% against all of its 16 major peers, surging 0.7% versus the shared currency and 0.6% against the greenback. The Pound has climbed 5.9% in the last six months, having the biggest gain among its 10 major peers. 
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Wed, 18 Dec 2013 17:09:31 GMT

Canadian wholesale trade surges in October

The Canadian wholesale trade data advanced 1.4% to $50.5 billion in October, thus exceeding the analysts expectations. The growth in wholesale trade was boosted by the surge in machinery and supplies sector which surged 5.6%, the largest monthly gain since September 2003. Significant gains in sales was also for computer and communication equipment which jumped 6.6%. 

Wed, 18 Dec 2013 14:45:03 GMT

Rio Tinto to lose money on declining iron ore price

Rio Tinto Group, a multinational mining company, announced on Wednesday that it is expects the iron ore price to decrease slightly the next year. This year, the iron ore price surged 22%. Sales of this material make the biggest part of company's revenue and the company may lose a part of it the next year. Today, Rio Tinto Group Plc.

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