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Currency-swap agreement between Switzerland and China
Mon, 21 Jul 2014 14:30:11 GMT
 
This Monday, Switzerland and China agreed on a deal that allows either central bank (Swiss National Bank and People's Bank of China) to trade their currencies, limited to 150bn Yuan, >>
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Credit Suisse fined, incurs biggest loss since 2008
Mon, 21 Jul 2014 13:00:12 GMT
 
Credit Suisse Group AG is prepared to announce its largest quarterly loss since the breakdown of the Lehman Brothers Holding Inc. following a fine of $2.6 billion for assisting american customers to avoid payments. >>
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Aussie rises during Asian session
Mon, 21 Jul 2014 12:31:09 GMT
 
As of earlier this day, the Aussie advanced versus the Dollar by 0.05%. Throughout the Asian session, uncertainties regarding the recovery in the Euro zone caused the shared currency to >>
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Angela Merkel receives double budget in June
Mon, 21 Jul 2014 12:20:03 GMT
 
German Chancellor's budget doubled in June following an increase in the federal tax revenue and a decrease in the expenses of servicing debt. The federal tax revenue climbed 10.9% in >>
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Spain has year of recovery from exports
Mon, 21 Jul 2014 12:09:09 GMT
 
Mariano Rajoy's duties on Spain's economy may not yet be complete as Spain expects to enter a second year of recovery. The nation's economy still depends on adjusted exports from the debt crisis >>
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European stocks drop
Mon, 21 Jul 2014 11:58:09 GMT
 
European stocks went down as investors weighed financial reports and global tensions of the Malaysian passenger jet and the Gaza-Israel conflict. The Stoxx Europe 600 Index dropped 0.3% to 338.61, >>
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UK GDP growth forecast
Mon, 21 Jul 2014 11:47:08 GMT
 
It is expected that Britain's GDP (not considering GDP per capita) recovers from the loss which occurred during the financial crisis. Growth was forecast at 0.8%. However, there is not >>
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Corn reaches a four-year low
Mon, 21 Jul 2014 11:36:10 GMT
 
Corn fell to the lowest level over the last four years as global supplies are increasing. Deliveries for August went down 1.4%, reaching $3.7325 a bushel, the lowest since July >>
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U.K. economy recovering after seven years of hardship
Mon, 21 Jul 2014 11:25:11 GMT
 
British economy may be on its way to recovery as the economic indicators rose for the sixth consecutive quarter returning GDP to the levels experienced prior to the financial crisis. The gross domestic >>
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Kiwi rises for a second day
Mon, 21 Jul 2014 08:46:09 GMT
 
New Zealand Dollar strengthened for a second straight day against all of the 16 major currencies on speculation that the RBNZ will raise interest rates. According to a survey by >>
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London property prices slip in July
Mon, 21 Jul 2014 08:24:09 GMT
 
London real estate prices decreased for the second month in a row as the rising number of property for sale mitigated the market. Asking prices in U.K. dropped 0.4% and averaged at 587,174 >>
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EUR/USD pulls away from January low
Fri, 18 Jul 2014 16:39:11 GMT
 
A release of U.S. consumer sentiment report drove the Euro away from 1.3491, the lowest point since January. University of Michigan stated that CSI (Consumer Sentiment Index) dipped to 81.3 >>
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Preliminary U.S. consumer sentiment shows doubts
Fri, 18 Jul 2014 16:28:09 GMT
 
Consumer expectations deteriorated for a third consecutive time, and consumer sentiment in the U.S. slipped. The preliminary July report based on Reuters and University of Michigan's research stated consumes sentiment >>
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Canadian CPI inched up 2.4%
Fri, 18 Jul 2014 16:17:07 GMT
 
June provided a 2.4% increase, following a 2.3% rise in May. Prices surged in all main components over the whole year. Respectively, shelter costs jumped 2.9%, electricity prices added 4.2%, >>
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Canadian wholesale volume rises in May
Fri, 18 Jul 2014 16:06:09 GMT
 
Sales grew by 2.2% to $52.6 billion in May, which is a second increase in a row. The gains were led by the motor vehicle subsector that expanded 9.3% to >>
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