China to reduce exports growth target

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

China expected to set its target export growth at 10% for 2012, said Century Business Herald. China exports grew 13.8%, at slower pace than in October. Reduced export growth goalfor 2012 comes amid weak economic outlook as debt crisis in Europe deepens and US growth prospects remain fragile. According to report, China is going to focus on enlarging domestic demand.

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Fri, 16 Dec 2011 07:18:59 GMT

Dollar trims down a portion of its recent gains

The US dollar retreated on Thursday and lessened some of its latest gains against the euro, indicating investor positive reception of US employment and manufacturing data amid reserved recovery in Asian markets and Wall Street. US dollar index dropped from 80.292 in North America trade to 80.16 in Asian trading session. Among its main counterparts, euro appreciated from $1.3022 to $1.3036.

Fri, 16 Dec 2011 07:18:17 GMT

Asian stocks end marginally higher

Asian markets slightly increased on Friday on improved overseas sentiment however investors remained prudent before the weekend. Hong Kong's Hang Seng Index added 0.6%, South Korea's Kospi increased 0.8%, while Japan's Nikkei Stock Average rose 0.4%. China's Shanghai Composite traded flat and Australia's S&P/ASX 200 index was up 0.4%. 

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