China's stock decrease on concerns about slowdown

Note: This section contains information in English only.
Source: Bloomberg
The Shanghai Composite Index lost 0.7% and closed at 2,120.55 points. Today's performance was the worst in a week, after the index rallied by 4.8%, when China's government approved huge domestic infrastructure projects. Asian stocks fell after auto sales data was below estimations and Macquarie Group Ltd cut China's growth outlook from 8.1% to 7.7%.


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Tue, 11 Sep 2012 11:56:45 GMT

Trade gap in U.K. narrowed more than expected

The Office for National Statistics reported on Tuesday that the U.K.'s trade deficit decreased in July to GBP7.2 billion from the June's figure of GBP10.1 billion. Economists, however, expected that the trade deficit would witness a more modest decline and would be equal to 9 billion pounds. Britain's export grew by 9.3%, while imports decreased by 2.1%.

Tue, 11 Sep 2012 10:07:44 GMT

Aussie, Kiwi remain lower on China's slowdown concerns

The South Pacific currencies, namely the Australian and New Zealand Dollar, stayed lower amid weak demand for commodity currencies on escalating concern about China's economic slowdown. The Aussie Dollar was little changed at $1.0330 following a 0.5% decline yesterday, the biggest decrease since September 3. The Aussie touched 80.80 Yen from 80.91. The Kiwi fetched 80.95 U.S. cents from 80.88.

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