South Africa manufacturing output slows in October

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

South African production growth declined in October to 1% or significantly more than was previously predicted by economists. The deepening debt turmoil in Europe which accounts for about one third of South African produced goods has seriously undermined countries exports. Hampering output may force Gill Marcus, the Governor of Reserve Bank to leave key lending rate at 5.5% or 30-year record low.

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Fri, 09 Dec 2011 06:09:13 GMT

Eurozone central banks may decide on loans worth $201bn via IMF

European officials could agree on 150 bn euros ($201 bn) channelled through IMF to provide fresh financing source to tackle crisis, told EU diplomat. Euro region governments expect during the summit to get an affirmation from other non-euro countries to contribute extra 50bn euros. European leading economy Germany has not stated its position on the proposition. 

Thu, 08 Dec 2011 20:28:19 GMT

Euro plunges on Draghi's claim

17-nation currency declined against Japanese yen reaching 3-week low as well as fell to a 1-month record low against greenback after ECB President Mario Draghi told he did not indicate bank's intervention by purchasing bonds from debt-troubled countries to stimulate growth. Euro depreciated 0.6% to ВҐ103.55 against yen in New York afternoon trade and lost 0.7% to $1.3323 against US dollar. EUR/JPY currently is trading

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