China manufacturing expanded in February

Source: Bloomberg
China's production advanced for a third consecutive month in February, said China's statistics bureau today. The Purchasing Managers' Index climbed from 50.5 in January to 51.0 in February indicating China is continuing to grow despite uncertainty in Europe and slowdown in local property market. 
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Thu, 01 Mar 2012 07:17:30 GMT

Greece parliament votes in favour of welfare cuts

Greece's lawmakers approved reductions in health care and pensions to secure the second bailout funding and save the nation from default. 213 members of parliament supported the law while 58 lawmakers were against. The vote implies Greece has fulfilled most of its obligations demanded by EU and IMF. Finance Ministers will discuss the rescue package for Greece today in Brussels. 

Wed, 29 Feb 2012 19:23:10 GMT

DAX index climbs on ECB allotment

German DAX index moved higher on Wednesday with most of shares posting gains as ECB provided 800 Euro Zone lenders with EUR 529.5 billion of cheap cash. Commerzbank jumped 2.7% and Deutsche Bank surged 2%. Electric utilities provider RWE AG surged 2.5% after Exane BNP Paribas upgraded the company from neutral to outperform. On the downside Deutsche Boerse and Daimler

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