Greece prepares for riots against austerity measures

Source: BBC
Greece is expected to face mass protests against the budget cuts after the country has received 130 billion Euros worth bailout package. At the moment, the government is passing emergency legislation required by the lenders. The country already experienced confrontations after austerity program of earlier bailout and the riots are likely to repeat again on Wednesday as people want to express their protest to conditions imposed on Greece by the Euro Zone countries and the IMF.

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Wed, 22 Feb 2012 08:54:33 GMT

Australian labour price index gained 0.9% in Q4 of 2011

Australian public wage price index advanced by 0.7% in the last quarter of 2011, indicating slightly slower growth pace than in private sector. All sectors indexed increased by 0.9%. Referring to yearly moves, public sector wage price index added 3.2% while private sector rose by 3.7% in the quarter ended in December, 2011.

Wed, 22 Feb 2012 10:30:22 GMT

US stocks trade nearly flat on Tuesday

US stocks indices were little changed on Tuesday as debt deal approval was offset by earnings reports. S&P 500 gained 0.07% or 0.98 points and finished at 1,362.21, Dow Jones Industrial Average index added 0.12% or 15.82 points and settled at 12,965.69 while Nasdaq Composite slipped 0.11% or 3.21 points to 2,948.57. 

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