Asian stocks decline despite new stimulating undertakings

Note: This section contains information in English only.
Source: Reuters
MSCI's Asia-Pacific index diminished by 0.9% while Japan's Nikkei 255 Index and  Hong Kong Hand Seng Index  both declined by 1 and  2%. On Thursday, PBOC decreased the benchmark interest rate to from 6.31% to 6%, cutting  the rate for the second time this year to stimulate slowing economic growth in the country.
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Fri, 06 Jul 2012 08:21:43 GMT

IMF will reduce growth forecasts amid global economic slowdown

Christine Lagarde, Managing Director of the International Monetary Fund, said the growth outlook for 2012 is likely to be reduced amid worsening labour market, investment and manufacturing activity in the US, Europe, Brazil, India and China. New projections will be reported in the next 10 days. Meanwhile  growth estimate for the US has been already lowered to 2% from 2.1%

Fri, 06 Jul 2012 13:54:43 GMT

Ireland: Successful Treasury bill auction

After almost two-year break Ireland, which was given a bank bailout of 85 billion euro, has come back to the capital market. On 5 June, the debt agency of Ireland raised 500 million euros in an auction of the three-month debt. The agency put up to the auction the three months Treasury bills at an interest rate of 1.8%, which

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