Asian shares trade lower ahead of

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Source: Marketwatch
Asian stocks moved lower on Thursday ahead of Bank of England and ECB meetings on speculations officials may decide on additional stimulus. Shanghai Composite index shed 1%, Japan's Nikkei 225 gave up 0.3% and Australian S&P/ASX 200 traded flat. Hang Seng modestly climbed 0.1% and South Korea's Kospi edged down 0.1%. 
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Thu, 05 Jul 2012 09:10:41 GMT

Australian Dollar erases gains on worries about global economy

The Australian Dollar lost 0.1% to USD 1.0264 on Thursday as the stocks in Asia weakened on concerns about global financial problems. The MSCI Asia Pacific Index diminished by 0.2% and the interest rates on the 10-year bonds reduced by 9 basis points to 3.11%.

Thu, 05 Jul 2012 07:42:40 GMT

Istat: the first quarter of 2012 faces increase in Italy's budget gap

According to official data presented by Italian government, the budget deficit of Italy expanded from January to March. Budget shortfall reached to 8% of GDP, which is 1% more than in the previous year. Due to decline of 1% in tax revenues and 1.3%  increase in public expenditures, the country had to raise its debt further. In 2012 the government

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