Spain's GDP shank by 0.3% in Q1 on austerity measures

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Source: Marketwatch
Spanish GDP contracted by 0.3% in Q1 from Q4 as austerity measures impacted public and private spending in the country. Considering yearly changes, the GDP contracted by 0.4% in Q1, reported the National Statistics Institute. Moreover, exports weakened, rising at modest pace of 2.2% in Q1 after posting strong growth for several quarters.


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Fri, 18 May 2012 08:04:31 GMT

Crude oil advances during Asian trade

Crude oil futures moved higher during Asian session on Friday as expectation for new round of QE buoyed the price. Light, sweet crude oil futures for delivery in June traded at 92.63 US Dollars per barrel on the New York Mercantile Exchange, growing by 0.08%. Meanwhile, Brent oil for delivery in July traded at 107.34 US Dollars per barrel, rising

Fri, 18 May 2012 07:35:31 GMT

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