Euro Zone's flash CPI eased in January

Source: Forexpros
The Euro Zone's CPI eased in compliance with expectations on January, reported Eurostat. The CPI hit 2.7% on January on a seasonally adjusted basis as compared to 2.8% in the preceding month. However, the rate still remained above the ECB target of 2%. After the data release, the Euro stayed higher against the US Dollar and the pair EUR/USD added 0.43% to trade at 1.3140.


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Thu, 02 Feb 2012 09:38:01 GMT

China promises an increase in investments in agriculture

China's authorities plan to enhance subsidies and investment in the agricultural sector to stabilize production of grain. The country will expand fiscal budget to direct more fixed-asset investments to the agricultural technology and science. Moreover, China will provide more subsidies for farming cooperatives involved in grain production.

Thu, 02 Feb 2012 10:34:43 GMT

Deutsche Bank reports a 76% drop in profit

Deutsche Bank AG, German biggest lender posted a 76% drop in 4th quarter profit as European debt turmoil harmed trading. Net revenue declined to EUR 147 million compared to EUR 601 million in previous year. Analysts predicted the net income to be at EUR 556 million. Deutsche Bank had a EUR 422 million pretax loss. 

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