China's business confidence decreases in Q4

Note: This section contains information in English only.
Source: Marketwatch

Business confidence in China decreased in Q4 on the growing fears over the slowdown of the second-largest world economy. The business confidence index lost 6% to 41.7% in Q3, reported the People's Bank of China. Reading below 50% indicates the pessimism on the market.

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Fri, 23 Dec 2011 12:28:09 GMT

World Bank provides Pakistan with $5.5bn

The World Bank plans to provide $5.5bn support for the development of Pakistan. The funds will be used to develop social services such as education and healthcare. The country's economy faces difficulties due to severe floods this year amid global slowdown. The government downgraded the growth forecast for 2011 to 3%.

Fri, 23 Dec 2011 11:04:35 GMT

Canadian Dollar climbs as US data signals recovery

Canadian currency appreciated reaching 2-week record high as US economic data indicated that Canada's most significant trading partner is making progress. Consumer confidence and jobless claims showed better than expected figures. Loonie gained 0.6% to C$1.0203 per US Dollar Toronto evening trade. Currently USD/CAD is trading at 1.0200.

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