Andalusia requested 1bn euros in rescue from Spanish government

Note: This section contains information in English only.
Source: Marketwatch
Andalusia, the most populated of Spain's regions, asked for 1 billion euros from Spanish government. In the meanwhile, region's unemployment rate remains at a record level of 33.9 per cent. Valencia, Murcia and Catalonia have already requested bailouts in recent weeks. An 18 billion euro public fund was set up by Madrid to help its troubled regions.
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Tue, 04 Sep 2012 07:55:26 GMT

Euro advances on Draghi's bond-buying programme

The Euro advanced versus the Japanese Yen on speculation the ECB President Mario Draghi's bond-buying programme will increase confidence in the common currency. The Euro gained against most of the major counterparts and approached a 2-month high versus the U.S. Dollar before the meetings of European officials today. The Euro rose 0.3% to 98.87 Yen and climbed 0.2% to $1.2617,

Mon, 03 Sep 2012 16:15:24 GMT

The Greenback held steady in cautious trade

The U.S. dollar held steady versus its major counterparts on Monday, as traders remained cautious about upcoming ECB meeting and the U.S. data on employment. The U.S. Dollar witnessed a slight increase of 0.05% versus the Euro in European afternoon trade. The Greenback also witnessed a minor 0.02% growth versus the Swiss Franc and a slight 0.10% decline against the Japanese Yen.

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