Australia's leading index rises above trend in October

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Source: RTT News
A leading index of economic activity in Australia continued to increase in October with the pace of growth exceeding previous trend suggesting that the country's economy may improve, a report published by the Westpac and the Melbourne Institute showed on Wednesday. The Westpac-MI leading Index advanced 1.2% in October from a level of 0.6% recorded in September.

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Wed, 20 Nov 2013 09:39:32 GMT

Pound rises versus U.S. Dollar before BoE minutes

The British Sterling appreciated on Wednesday rising to the strongest level in three weeks against the U.S. Dollar before the minutes of Bank of England was published showing that the bank's officials maintained the interest rate at record low. The Pound advanced 0.1% to $1.6134 as of 8:02 a.m. in London following an increase to $1.6149 on November 18, the

Wed, 20 Nov 2013 10:12:07 GMT

OECD economic growth records 0.5% in the Q3

Economic growth in the Organization for Economic Co-operation and development area grew 0.5% on a sequential basis in the three months to September, the same pace of growth seen in the Q2, a report published by the organization showed on Wednesday. Year-on-year, OECD's GDP rose by 1.4% in the Q3 from a level of 1% in the Q2.

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