U.S. second-quarter GDP increases

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

U.S. economic growth gained in momentum in the second quarter of the year after the fall in the beginning of the year and is expected to rise through the rest of the fiscal year. GDP increased at 3% annual rate, according to the Reuters survey, caused by both consumer expenditure and stock retaining by businesses. The growth for the year as a whole is projected to average little below 2%.

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Tue, 29 Jul 2014 10:25:16 GMT

Korea Won appreciates on exporter demand

South Korea's Won grew as exporters converted their overseas gains and the BoK reported current year's second-largest account-surplus. The Won appreciated 0.2% to 1,024.50 per dollar. Overseas sales and shipments from abroad are expected to rise in July from the previous year. The exports likely grew around 3.8%, whereas the imports climbed 1.5%. 

Tue, 29 Jul 2014 10:03:08 GMT

Japan's retail sales down

Retail sales in Japan fell more than expected in June, pressuring Shinzo Abe to create a heavier taxation on consumers in order to reflate the economy. Sales declined 0.6% from the previous year, opposed to the forecast of 0.5%. In the second quarter, sales went down 7% from the last three months.

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