Euro Area officials to decide on bailout package in today's meeting

Source: Bloomberg
The finance ministers of Euro Zone today in Brussels will attempt to close the talks related to Greece's second rescue package, write-offs among creditors and the role the ECB will play. Finance ministers are expected to finally reach an agreement, said Maria Fekter, Austrian FM. In case FMs will not manage to come to a consensus, the next round of talks will be postponed till the next EU summit due March 1.
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Mon, 20 Feb 2012 07:33:12 GMT

Aussie and Kiwi appreciate on news from China and Greece

D 1.0770 while Kiwi gained 1.0% to USD 0.8406. Currently AUD/USD is trading at  US

Mon, 20 Feb 2012 06:59:20 GMT

Japan trade gap broadened in January

Japan's trade deficit widened in January as slowing global demand and stronger Yen harmed local producer's profits and hindered country's recovery from March earthquake. The trade gap expanded to JPY 1.48 trillion (USD 19 billion) while shipments declined annual 9.3%. Economists questioned by Bloomberg predicted a deficit of JPY 1.46 trillion.

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