U.K. may miss budget-deficit target

Note: This section contains information in English only.
Source: Bloomberg
On Friday, National Institute of Economic and Social Research reported that the British economy will tumble 0.5% this year, resulting in miss of George Osborne's budget-deficit target. Osborne will acquire 12.5 billion Pound ($19.5 billion) loan, which is more than projected in the year till March 2013, Niesr announced.
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Fri, 03 Aug 2012 08:48:58 GMT

China reduces transaction fees on share trading

On Friday, Chinese authorities, trying to stop a 14% drop in the nation's stock market, diminished transaction payment on equities trading by 20%. The China Security Regulatory Commission reported that the effect of reduction will be seen Sept. 1 and investors will save 600 million Yuan ($94 million) on transaction fees in the last quarter of the year.

Fri, 03 Aug 2012 15:55:10 GMT

Wall Street slumped on Draghi's comments

Wall Street fell on Thursday as the ECB announced no plan of action to address Eurozone's debt crisis. The Dow Jones Industrial Index dropped 0.7 per cent, to 12,886.52; the S&P 500 Index tumbled 0.7%, to 1,366.50, and the Nasdaq Composite declined by 0.1 per cent, to 2,917.17. Meanwhile, the ECB is planning to cooperate with governments in bond-purchasing program in order to stimulate Eurozone's economy,

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