China's exports and imports growth decelerates in April

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Source: BBC
China's expansion of exports and imports slowed down last month, lingering concerns over the stagnation of the country's economy. The data may stimulate further easing of the monetary policy. Exports increased by annualized 4.9% in April as compared to 8.9% expansion in March. At the same time, imports' growth decelerated from 3.5% to 0.3% in April, indicating decline in the domestic demand.
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Thu, 10 May 2012 06:29:09 GMT

Gold extended previous losses in Asian trade

Gold prices continued to fall during Asian trade on Thursday as persistent worries that Greece may default and leave the Euro Zone increased the safe-haven appeal of the greenback. COMEX gold June contract trade at 1,591.25 US Dollars per troy ounce on the New York Mercantile Exchange, falling by 0.19%.

Thu, 10 May 2012 05:11:12 GMT

Japan current account surplus falls

Japan current account surplus narrowed in March by 8.6 % from a year earlier making up $ 19.95 billion, which is better than expected by economists. The reasons behind current account surplus contraction are the Europe's sovereign debt crisis, the strong Yen and increasing energy imports. Japanese exports grew to 7.3 %, whereas imports soared to 11.9 %.    

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