India's manufacturing output expanded sharply in January

Note: This section contains information in English only.
Source: Bloomberg
India's production output accelerated in January making the sharpest growth in 7 months. The output at mines, factories and utilities climbed 6.8% when compared on annual basis after a 2.5% surge in December, reported Central Statistics Office on Monday. The reading outperformed analysts' expectations. 
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Mon, 12 Mar 2012 08:25:08 GMT

Johanna Sigurdardottir: Iceland has to adopt the Euro or other currency

Iceland is likely to introduce the Euro after becoming a member state of the EU or adopt other currency, said the Johanna Sigurdardottir, PM. The situation in the country cannot stay the same, he added. Joining the EU would allow Iceland to cooperate closely with EU member states. Iceland started negotiations for entering the EU in 2010 and is expected

Mon, 12 Mar 2012 07:37:39 GMT

Canadian jobless rate declines to 7.4% in February

The unemployment rate in Canada dropped from 7.6% in January to 7.4% in February reported Statistics Canada on Friday. In contrast workforce slumped by 37,900 which is the biggest fall since January 2009. Analysts questioned by Bloomberg predicted a surge of 15 000 payrolls and unchanged jobless rate at 7.6%.

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