US shares experienced a worst week in 2012

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Source: Marketwatch
US shares fell on Friday after China posted disappointing GDP growth data and US consumer sentiment gauge unexpectedly declined. S&P 500 index lost 1.25% or 17.31 points and finished at 1,370.26, Dow Jones Industrial Average shed 1.05% or 136.99 points to 12,849.59 while Nasdaq Composite index tumbled 1.45% or 44.22 points to 3,011.33.
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Mon, 16 Apr 2012 07:09:39 GMT

China widened Yuan band

China has eased its currency control measures that is likely to result in more gains of the Yuan value. Starting from Monday, China's currency is allowed to swing to 1% during the trading session against its US counterpart from fixed value determined by the China's central bank, PBOC announced. The previous limit was 0.5%. The move is expected to contribute

Mon, 16 Apr 2012 11:35:25 GMT

Standard & Poor's maintains AAA rating for UK

UK managed to maintain its top AAA grading with an outlook defined as stable at Standard & Poor's as the rating agency countered with Fitch Ratings and Moody's Investors Service on the uncertainty regarding nation's ability to handle its debt. S&P claims confidence UK's PM David Cameron and his government will be able to lower country's budged deficit. In contrast Fitch and Moody's threatened to

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