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South Korea's economy slips in Q2
Wed, 23 Jul 2014 15:57:08 GMT
 
Asia's fourth largest economy presumably experienced its weakest growth in the second quarter of the year since the beginning of 2013. The economy gained only 0.7% from April to June. South Korea's economy gained >>
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WTI declines as gasoline supplies expand
Wed, 23 Jul 2014 15:46:08 GMT
 
The Texas light sweet slid for a second day with fuel inventories increasing in the US. As 3.6 million barrels of gasoline were added to the inventories last week the September futures lost >>
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Bank of England leaves interest rate unchanged
Wed, 23 Jul 2014 15:35:09 GMT
 
Some members of the MPC see that the probability of a rate hike is falling, as growth becomes stationary. Officials voted 9-0 to leave the benchmark rate unchanged at 0.5%. >>
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UK Retail sales recover in July
Wed, 23 Jul 2014 15:24:10 GMT
 
The latest CBI's survey regarding Monthly Distributive Trades revealed that retail sales volumes increased firmly and are expected to improve even more in the forthcoming month. As a higher increase >>
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UK interest rates on hold
Wed, 23 Jul 2014 11:33:07 GMT
 
Discussions regarding the possibility of an increase in interest rates took place, during this month's meeting, among BoE officials. In fear of disturbing the recovery, all members of the Monetary >>
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UK June property sales highest since 2007
Wed, 23 Jul 2014 11:22:10 GMT
 
UK housing sector has been showing continued signs of recovery as there were 109,580 properties sold in June. It was the highest number since the end of 2007 and was >>
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Kiwi hits its counterpart, the Greenback
Wed, 23 Jul 2014 11:11:07 GMT
 
The Reserve Bank of New Zealand is assumed to raise the interest rates by 0.25% following a last month's hike from 3% to 3.25%.  NZD/USD reached 0.8684, the highest level >>
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U.S. treasury yield near 13-month low
Wed, 23 Jul 2014 11:00:09 GMT
 
Long-term 30-year U.S. bond yields were close to their 13-month low, as the market reckons the Fed will not increase the borrowing costs when inflation rate remains decreased. Meanwhile, the >>
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Gold edged up to $1,308
Wed, 23 Jul 2014 10:49:09 GMT
 
Gold lost 0.4% of its value in the previous session because of the firmer equities, reaching the level of $1,308. However, traders and analysts forecast gold prices to fluctuate at >>
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Asian shares advance during US Dollar decline
Wed, 23 Jul 2014 10:27:10 GMT
 
Asian stocks grew as Hang Seng China Enterprises led the way with a 2.1% jump today following a 2.4% increase yesterday. The Asia-Pacific gauge seems to be on track to reach the >>
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Gold below three-month high
Wed, 23 Jul 2014 10:06:09 GMT
 
Gold was traded below its three-month high as investors evaluated U.S. economic data, which led to an appreciation of the Dollar, slowing demand for other alternative investments. Immediate delivery went down from $1,345.17 to >>
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China's debt close to US levels
Wed, 23 Jul 2014 09:46:13 GMT
 
The time when China's debt exceeds US debt seems to be imminent. As of the last month, aggregate debt in China surged to 251% of the GDP. When comparing to >>
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Chinese banks ready to cut mortgage rates
Wed, 23 Jul 2014 08:59:03 GMT
 
Chinese banks are likely to present lower mortgage rates to their clients in the second half of the year following a decrease in the demand in the real estate market. The home sales >>
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New sanctions against Russia could strike Europe
Wed, 23 Jul 2014 08:48:12 GMT
 
The Euro was traded below $1.3491, the lowest since February, due to the anxiety of sanctions against Russia. Several European companies, banks and manufacturers have cut the volume of deals with Russian businesses. George >>
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Euro weakens against most of the peers
Wed, 23 Jul 2014 08:37:13 GMT
 
The common currency reached its lowest level in multiple month against many of its counterparts on Wednesday, most notably depreciating against the Swiss Franc. The Euro slipped to 8-month lows against both the Greenback >>
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