Bank of Spain: country's banks need additional 53.4 Billion Euros

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Source: Forexfactory
Bank of Spain reported that the banks of the country need additional provision of funds of about 53.4 billion Euros. The central bank of Spain has recently approved recapitalization operations, in which five out of 11 largest banks will take part. The recapitalization plans include mainly mergers and acquisitions and may bring positive results.

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Wed, 18 Apr 2012 13:35:19 GMT

Platinum rose amid global growth optimism

Precious metals were supported by mixed real estate data from the US that added speculation about the next Fed meeting's outcome. Successful Spain's bond auction that eased concerns across the Euro Zone's debt crisis also bolstered the commodity group.Gold was the only loser as  the yellow metal lost its safe-haven appeal after the IMF upgraded global growth forecast for 2012

Wed, 18 Apr 2012 13:20:27 GMT

China to face moderate growth of 8.2% in 2012

China's economic expansion is likely to decelerate this year to 8.2% but it is expected to rebound next year, reported the IMF. The main drive for the country's economy will be domestic consumption, the fund added.  The IMF report boosted hopes that China will escape hard landing despite drastic measures to slow down overheated economy.

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