Growth services in US may reach a six-month high

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Economists expect that service industries in US probably advanced most rapidly since May indicating that country's economy is picking up the pace during last months of 2011. Analysts surveyed by Bloomberg predict the index for non- manufacturing industries to be somewhere between 51.5 and 55. Index above 50 is indication expansion. Economists say US economy is signalling recovery, however, concerns over Eurozone remain.

 

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Mon, 05 Dec 2011 07:34:31 GMT

Euro appreciates ahead of European summit

The European common currency appreciated versus its major counterparts, as Italy improved its deficit reduction plan ahead of European summit on Eurozone's debt crisis. Italian PM reported plan for austerity measures worth €30 bn euros. Euro gained 0.1% both against US dollar and Japanese yen reaching $1.3404 and ВҐ104.51 respectively in Tokyo trade. EUR/USD currently is trading at $1.3408 while EUR/JPY is trading at ВҐ104.55. 

Fri, 02 Dec 2011 16:24:46 GMT

Eurozone central banks may deliver $270bn via IMF to tackle debt turmoil

According to officials familiar with matter, the European leaders' proposal to guide central banks' loans through IMF could provide nearly €200bn to tame debt crisis. According to proposal central banks will recycle capital via IMF. As Germany is not willing to lend extra money to troubled countries, the proposal would reveal additional source of funding. 

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