U.S. economy expanding at a slower pace

Note: This section contains information in English only.
Source: Bloomberg
As reported by the Commerce Department, the world's biggest economy expanded by 1.5 per cent in the second quarter, as Americans are getting more cautious on spending, because of the softening job market. While major forecasts were around 1.4 per cent increase in gross domestic product, still the economy grew by 0.5 per cent less, than in the prior quarter.
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Fri, 27 Jul 2012 18:34:40 GMT

ECB may take losses to keep Greece in the Eurozone

European policymakers are trying to keep Greece in the Eurozone, while ECB and central banks are ready to accept losses in further Greek national debt restructuring.  While the total Greece's National Debt is around 220-230 billion euros, second restructuring of national debt may be a last chance to keep Greece solvent. One of the options, offered by ECB is a writedown of 30 per cent

Fri, 27 Jul 2012 18:01:40 GMT

Sugar tumbled amid rising global supplies

Farm commodities retreated on Thursday despite potential demand increase from the Eurozone after the ECB President pledged to save the Euro by any means. Improving weather conditions in Brazil and the US sent the commodity group down. Wheat dropped more than 2% despite reports that Russia's crops fell essentially this year because of the drought. Corn moved down as recent price rally

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