Australia's business conditions and confidence falls: NAB

Note: This section contains information in English only.
Source: RTT News
Business confidence and business conditions in Australia decreased in February, the latest report published by the National Australia Bank showed on Tuesday. According to the report, the country's reading for business confidence fell from 9 points to a level of 7 points in February, while the business conditions indicator showed a drop from 5 points in January to 0 in the following month.

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Tue, 11 Mar 2014 07:46:00 GMT

PBOC may liberalize rates within 2 years: Zhou

Benchmark interest rates in the world's second largest economy are likely to be liberalized in a period of the next two years suggesting that the People's Bank of China may phase out the cap on deposit rates, the bank's Governor Zhou Xiaochuan declared on Tuesday. Zhou also said that liberalization of rates is on the bank's agenda and is realistic to

Tue, 11 Mar 2014 07:45:23 GMT

Kiwi rises to highest since 1985 as RBNZ lifts rates

The New Zealand's currency notably increased on Tuesday trading session rising towards the strongest level since 1985 amid expectations that the Reserve Bank of New Zealand may raise its benchmark refinancing rates on Thursday's policy meeting. The so-called Kiwi advanced to 79.51, according to data showed by Reuters.

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