New Zealand's CPI fell 0.3% in Q4

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Source: Forexpros
New Zealand's CPI unexpectedly fell 0.3% in Q4 as compared to 0.4% in Q3, reported Statistics New Zealand. Experts predicted the CPI to add 0.4% over the period. The major reason for a decline was much lower vegetable price that caused a 2.2% fall in food prices, claimed Chris Pike, manager at Statistics NZ.
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Thu, 19 Jan 2012 11:45:11 GMT

Hedge funds plan to take legal action against Greece if it forces bond reduction

Hedge funds may sue Greece in the European Court of Human Rights to force the country to repay full amount of its debts. The country may be sued for violating bondholder rights or property rights as Greece wants to change the terms of bonds so that investors will receive less than they lent. However, the lawsuits can take multiple years

Thu, 19 Jan 2012 10:56:06 GMT

European markets close modestly higher on Wednesday

Most European stocks ended slightly up on Wednesday trade as Greece kept working on deal with creditors and Germany sold bonds at record low borrowing costs. Stoxx Europe 600 climbed 0.08% to 253.48 and UK's FTSE 100 closed 0.15% up at 5,702.37. French CAC 40 dropped 0.15% to 3,264.93 while German DAX added 0.3%, finishing at 6,354.57.

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