Aussie drops ahead of release of employment report

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP

Australian dollar declined against the yen for a fourth straight day as tomorrow's employment article is expected to report an increase in unemployment. According to economists questioned by Bloomberg, country's unemployment rate is expected to rise from 5.2% in previous month to 5.3% in October. During Sydney trading session Aussie lost 0.6% reaching ВҐ80.32 at 5:17 p.m. The pair currently is trading at 79.40.

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Wed, 09 Nov 2011 12:00:56 GMT

HSBC reports decline in profits

HSBC Holdings Plc., Europe's biggest bank in terms of market value, reported a drop in profit of 53% or $1 bn in the 3rd quarter from previous year. Bad debt provisions climbed from $3.15 bn to $3.89bn. According to HSBC representatives, global economy faces challenges that hurt emerging markets, hinder growth and thereby reduce bank's profit.

Thu, 10 Nov 2011 13:17:52 GMT

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