UK GDP in fourth quarter fell more than previously estimated

Note: This section contains information in English only.
Source: Bloomberg
British economy contracted more in the fourth quarter than initially was determined. Country's GDP for the fourth quarter of 2011 declined 0.3% compared to earlier calculated drop of 0.2%. The report also presented real household disposable revenue tumbled 1.2% in 2011, the biggest fall since 1977. That compares with a 0.2% drop in 2010.

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Thu, 29 Mar 2012 07:50:00 GMT

US shares down on durable goods orders

US markets traded lower on Wednesday as the orders for durable goods rose less than expected. Energy shares provided the main losses for the indices. S&P 500 index fell 0.49% or 6.98 points and closed at 1,405.54. Dow Jones Industrial Average index shed 0.54% or 71.52 points and settled at 13,126.21. Meanwhile Nasdaq Composite index slipped 0.49% or 15.39 points

Mon, 02 Apr 2012 09:10:13 GMT

Bernanke: Fed to 'remain cautious'

Ben Bernanke, chairman of Fed, hinted that the central bank of the US is likely to continue its economy-stimulating measures, citing overall weakness of the US job market despite increased hiring in the last three months. He also claimed that Fed has to 'remain cautious', which was interpreted by many analysts as a sign of maintaining record low interest rates

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