South African economy picked up in Q2

Note: This section contains information in English only.
Source: Bloomberg
South African economy picked up in the second quarter, with quarterly GDP growth at 3.2 per cent from 2.7 per cent in the first quarter of this year. The growth of continent's largest economy picked up the pace, as nation's mining sector soared in the second quarter. Mining grew an annualized 31.2 per cent between April and June, after erasing 16.8 per cent in the first quarter.
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Wed, 29 Aug 2012 07:04:08 GMT

China retail sales are declining

Retail sales in China are declining, weighing on Premier Wen Jiabao's intention to rely on consumer spending for recovery as the economy is experiencing a slowdown. Fiscal spending is growing at a faster pace than the retail sales, rising 37% in July from the previous year, the Ministry of Finance reported. Retail sales increased 12.1% in June and 12.2% in

Tue, 28 Aug 2012 20:29:10 GMT

Oil goes up as Isaac reduces output

Oil futures went up in New York on reduction in output in the Gulf of Mexico as the result of Tropical Storm Isaac and due to speculations about decrease in U.S. supplies. Petroleum prices for October delivery gained 72 cents, a 0.8 per cent increase, to $96.19 a barrel on the New York Mercantile Exchange's Comex division.

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