Bernake claims Fed will not rescue Europe

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Source: Marketwatch

Ben Bernanke, head of the Federal Reserve in a closed meeting with Senate Republicans said Fed is not planning to bail out Europe. However, Bernanke admitted Europe's failure to solve debt crisis can harm US economy. According to Bob Corker, Tennessee Republican, Fed Chairman pointed out that Fed has is not going to intervene further in region's debt turmoil.

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Thu, 15 Dec 2011 07:32:56 GMT

FDI falls in China

In November foreign direct investment (FDI) in China dropped on annual basis, the first time since 2009. According to Ministry of Commerce, FDI lost 9.8% to $8.76 bn, after gaining 8.8% in October. Liu Li-Gang, economist at Australia & New Zealand Banking Group Ltd., suggests the policy makers may be forced to lower further the reserve requirements in December. 

Thu, 15 Dec 2011 07:30:23 GMT

Japanese manufacturing descends on indebted Europe

Japanese leading producers have become more pessimistic than was predicted by the economists. In December the Tankan large manufacturer sentiment index slumped to minus 4, said Bank of Japan. Economists surveyed by Bloomberg earlier predicted an estimate of minus 2. Japanese outlook reflects developments in debt troubled Europe, told Yoshimasa Maruyama, Itochu Corp.'s economist.

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