FDI falls in China

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

In November foreign direct investment (FDI) in China dropped on annual basis, the first time since 2009. According to Ministry of Commerce, FDI lost 9.8% to $8.76 bn, after gaining 8.8% in October. Liu Li-Gang, economist at Australia & New Zealand Banking Group Ltd., suggests the policy makers may be forced to lower further the reserve requirements in December. 

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Thu, 15 Dec 2011 07:36:20 GMT

US stocks plunge in line with Euro

On Wednesday US shares closed down for a third consecutive day as investors dumped gold and euro amid European debt fears. Moreover, euro breached the psychological $1.3 level. Dow Jones Industrial Average lost 1.1% or 131.46 points to 11,823.48, while Nasdaq Composite Index fell 1.6% reaching 2,539.31. S&P 500 Index edged down 1.1% or 13.91 points to 1,211.82.

Thu, 15 Dec 2011 07:31:43 GMT

Bernake claims Fed will not rescue Europe

Ben Bernanke, head of the Federal Reserve in a closed meeting with Senate Republicans said Fed is not planning to bail out Europe. However, Bernanke admitted Europe's failure to solve debt crisis can harm US economy. According to Bob Corker, Tennessee Republican, Fed Chairman pointed out that Fed has is not going to intervene further in region's debt turmoil.

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