Australian Central Bank optimistic about country's outlook

Note: This section contains information in English only.
Source: Bloomberg

Reserve Bank of Australia claimed resource investment to be a leading force aiding economy to outweigh effects from European crisis. RBA suggested that strong growth among its trading partners is bolstering the economic expansion in Australia and the bank does not see a need to further interest rate cuts. Australian Dollar appreciated after the RBA's announcement.

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Tue, 20 Dec 2011 08:28:48 GMT

Bank of America shares reach record low since 2009

Stocks of Bank of America Corp. ended below $5 on Monday breaching record low since 2009. The shares closed at $4.99 down 4%. Company has experienced a sharp decline during recent months, as investors express concern whether the bank holds sufficient amount of capital to accept mortgage-linked losses. Moreover, shareholders are uncertain whether the bank will be able to fulfil international capital requirements. 

Tue, 20 Dec 2011 08:27:54 GMT

Europe transfers $195 bn to IMF

Europe strengthened its measures for tackling debt crisis, transferring 150 bn euros ($195 bn) to the IMF. Four non-euro countries also supported IMF firepower, while UK refused to participate. Britain will state its contribution at the beginning of 2012, said European FMs. However, Peter Kurer, the former UBS AG's Chairman claimed the aid to be only a small scale solution.  

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