Australian private capital expenditures fall 5.2% in Q4

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Source: RTT News
Australia's private capital expenditures declined on a sequential basis in the last quarter of 2013, a report revealed by the Australian Bureau of Statistics showed on Thursday. According to the report, the country's private capital expenditures fell 5.2% in the Q4 totalling A$38.291 billion, while the figure was forecast to drop only by 1.3%.

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Thu, 27 Feb 2014 08:49:59 GMT

RBI interest rates are set appropriately: Rajan

Governor of the Reserve Bank of India Raghuram Rajan revealed that the bank's policy is rather to dis-inflate than ‘abruptly' and the benchmark interest rate will stay at current level, Rajan said in his Wednesday's speech in Mumbai. The RBI plans to push down the consumer price inflation by 2015 to a level of 8% and by 2016 to 6%.

Thu, 27 Feb 2014 08:49:44 GMT

Greenback rises as turmoil in Ukraine continues

The U.S. Dollar advanced earlier on Thursday and was traded close to its strongest level in a two-week period against the basket of its most-traded peers amid rising tension in Ukraine boosted demand for safe-haven assets. The U.S. Dollar index slipped modestly from Wednesday's 2-week high at 80.524 to a level of 80.405.

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