Rise in retail sales signs German recovery

Note: This section contains information in English only.
Source: Bloomberg
German retail sales data was better-than-expected, which contributes to the recovery in the Europe's biggest economy. The data came after yesterday's unexpected drop in unemployment and increased business and investor confidence. Sales data, adjusted for inflation, increased 0.8% in May from a month earlier, beating experts' expectations of 0.4% rise.
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Fri, 28 Jun 2013 09:03:13 GMT

Rupee is heading for the worst quater in 2 decades

The Indian Rupee is heading for its worst performance since 1992 as investors worry about the impact on country's balance of payments when the Fed starts unwinding its monetary stimulus. The currency fell to 60.765 per U.S. Dollar on June 26 - its lowest point in history. The Rupee sank due to Bernanke's speech on June 19 when he said

Fri, 28 Jun 2013 08:41:37 GMT

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