UK faced a recession in the first quarter

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Source: Marketwatch
The UK economy unexpectedly contracted during the 1st quarter of 2012 as manufacturing output and construction activity declined. The British Gross Domestic Product fell 0.2% in the first quarter, following a 0.3% drop in the fourth quarter of 2011, Office for National Statistics said on Wednesday. GDP remained unchanged from the similar period year earlier. Economists predicted the economy to grow by 0.1%.
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Wed, 25 Apr 2012 11:56:32 GMT

BoJ may pursue more accommodative policy

According to anonymous sources, the Bank of Japan is expected to expand its asset purchasing programme by 10 trillion yen, instead of the usual amount of 5 trillion yen. The decision should be announced on Friday (Apr 27) after BoJ policy board meeting. The national bank has come under pressure by politicians lately and is currently struggling to meet the

Wed, 25 Apr 2012 10:20:30 GMT

Asian markets mostly up after Apple results

Asian shares mostly climbed on Wednesday as Apple posted a 94% surge in its quarterly profit while Asia's financials and developers rallied on hopes for China's monetary accommodation. Japan's Nikkei Stock Average jumped 1%, Taiwan's Taiex surged 0.9% and China's Shanghai Composite Index added 0.8%. Hong Kong's Hang Seng index slipped 0.2%. Markets in Australia and New Zealand remained closed for a holiday.

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