UK March budget deficit larger than predicted

Note: This section contains information in English only.
Source: Bloomberg
Great Britain reported a bigger than expected budget deficit in March, undermining the efforts of policy makers to reduce borrowing. Net borrowing when excluded backing for lenders climbed to GBP 18.2 billion (USD 29.4 billion) from  GBP 18.0 billion a year ago. The analysts questioned by Bloomberg predicted the gap to narrow to GBP 16.0 billion. Spending increased 4.2% while tax income added 1.4%
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Tue, 24 Apr 2012 10:01:27 GMT

Asian shares face choppy session on Tuesday

Asian equities followed their European and US peers and mostly traded lower on Tuesday as Dutch PM resigned and Japanese Yen appreciated. Shanghai Composite Index traded flat, Japanese Nikkei Stock Average slipped 0.8%. South Korea's Kospi slipped 0.5% while Australia's S&P/ASX 200 index climbed 0.2%. Hong Kong's Hang Seng also managed to gain and finished 0.3% up.  

Tue, 24 Apr 2012 09:38:27 GMT

Hang Seng index manages to climb in choppy Asian session

Hong Kong's Hang Seng index traded slightly higher on Tuesday as investors did not show much of surprise about latest events in Europe. Hang Seng index added 0.26% or 52.77 points and closed at 20,677.16 led by property companies as investors bet on soon monetary easing taking into account weaker PMI data released yesterday. Sino Land rallied 2.4% and Sun

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