Euro falls before Samaras meeting with creditors

Note: This section contains information in English only.
Source: Bloomberg
The 17-nation currency fell on renewed worries about the Eurozone debt turmoil before Greece's Prime Minister Antonis Samaras meets representatives from the country's creditors. The Euro weakened versus most of the 16 major counterparts as Samaras did not secure agreement from the coalition on 11.5B euros of spending cuts demanded by the lenders. The Euro slid 0.3% to $1.2784.
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Mon, 10 Sep 2012 08:14:42 GMT

Japan revises down GDP growth figures

Japan revised down growth numbers for the Q2, adding to concerns about a downturn in the world's third biggest economy. The government reported that the nation's economy expanded at a 0.7% annual rate during the April-June period, down from the earlier forecast of 1.4%. Depressed domestic demand and weakening exports have undermined Japan's growth. 

Mon, 10 Sep 2012 08:03:42 GMT

China's imports fall and output growth slows

China's imports unexpectedly declined, while industrial production increased the least since 2010, indicating more stimulus might be required following the nation's government announcement of approved road and subway projects. Inbound shipments fell 2.6% in August from the previous year as exports grew 2.7%, the customs bureau reported today.  

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