Singapore economy rebounds despite global economic concerns

Note: This section contains information in English only.
Source: Forexfactory
Singapore's economy recovered in Q1 of 2012, forcing the country's central bank to tighten monetary measures to curb inflation. The GDP growth of the country accelerated by 9.9% in Q1 on a yearly basis, reported the Trade Ministry. Experts expected a moderate increase of 6.8% in Q1.  After the data release, the Singapore's Dollar appreciated against its US counterpart by 0.4% and USD/SGD traded 1.2491 while its benchmark Straits Times Index advanced by 0.7%.


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Fri, 13 Apr 2012 08:03:33 GMT

Italy's cost of borrowing soared during debt sale

Italy's borrowing costs increased during last bond sale, escalating worries about Italy's ability to repay its obligations. Three-year bonds faced a rise in the interest rate from 2.76% to 3.89%. Adding to concerns over the Euro Zone's economic state, Greek unemployment rate surged to 21.8% in January as compared to 14.8% in January 2011.

Fri, 13 Apr 2012 12:11:04 GMT

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