Dollar declines in Asian trading

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

 Greenback declined against euro in Asia trading as global economic situation remains uncertain thus pushing investors' confidence down. The dollar index went down to 78.143 from 78.298. Australian dollar also suffers losses going below the US dollar first time since October as risk acceptance fell on the European woes.

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Fri, 18 Nov 2011 09:22:13 GMT

China warns banks on real estate loans

Chinese banking regulator alerts lenders that several projects financed by local municipalities may experience problems with funding liquidity. Regulator also admitted that loans on real estate are expected to taint as sales decline. Last week China Banking Regulatory Commission advised banks to reduce high risk loans to local governments. In October property sales experienced drop of 25% compared to September.

Fri, 18 Nov 2011 15:34:36 GMT

Oil Spill near Rio de Janeiro coasts

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