China challenged by price inflation and slowing growth

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

Accelerating prices and slowing growth will be the main challenges the government will face next year, said Wen Jiabao, Chinese Premier. The government is going to focus on stable export policies while support tax cuts by increased fiscal spending, Jiabao added. PM characterized current economic situation as healthy, nevertheless he admitted than country is facing many new problems. 

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Wed, 21 Dec 2011 08:06:18 GMT

US stocks rally on less heavy Fed requirements

US markets surge close to 3% on Tuesday after Federal Reserve issued capital proposals which were less burdensome than expected. Dow Jones Industrial Average added 2.87% or 335.73 points finishing at 12,103.58, while S&P 500 Index gained 2.98% or 35.95 points closing at 1,241.30. Nasdaq Composite Index edged up 3.19% or 80.59 points at 2,603.73.

Wed, 21 Dec 2011 08:05:14 GMT

Japan's exports decline for a second consecutive month

Japanese exports dropped for a second month in a row and Bank of Japan again cut its economy outlook as fading demand in Asia and Europe hampers global growth. Shipments fell 4.5%, or 0.2 percentage points more than predicted by economists. Japanese producers are lowering revenue forecasts as Yen has appreciated close to post-war record high against the Greenback.

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