China banks' bad loans stay stable

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Source: RTTNews
The non-performing loans of China's banks held unchanged in the second quarter, the China Regulatory Commission said on Wednesday. The average bad loan ratio was at 0.9%, stable from the first quarter. Meanwhile capital adequacy ratio came in at 12.9%, up from 12.7% in the preceding quarter.
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Wed, 15 Aug 2012 09:40:31 GMT

U.K. claimant count change drops unexpectedly

The number of people applying for unemployment benefits in the U.K. fell in July and jobless rate declined, the U.K. Office for National statistics reported on Wednesday. The claimant count dropped 5,900 in July, compared to an estimated rise of 6,000. The unemployment rate slid to 8.0% from 8.1%. Following the data, the Pound rose 0.12% to 1.5695 versus the

Wed, 15 Aug 2012 14:44:41 GMT

Economic Optimism Index dropped 3% in August

The IBD/TIPP Economic Optimism Index tumbled by 1.4 points or 3 per cent in August, and reached 45.6 against 47 in the month earlier. The Index dropped to its lowest reading of 2012 so far, and reading below 50 indicates pessimism. Meanwhile, in December 2007 the reading was at 44.4 level, when the world's biggest economy fell into the recession.

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