China sets 7% target growth rate for decade

Note: This section contains information in English only.
Source: Bloomberg
Сhina will seek 7% average annual GDP expansion through 2020, compared to more than 10% growth rate in a previous decade, according to China's Premier Li Keqiang. He added that urbanization and industrialization provides with a lot of potential for growth. This year's target is set at 7.5% as economy expanded 7.7% in the first quarter on an annualized basis.
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Tue, 28 May 2013 07:13:16 GMT

Yen depreciates as Asian stocks rise

Japanese Nikkei 225 index dipped 1.4% at the beginning of the Tuesday's session only to rebound and surge 1.4% later in the day. The growing stock market encouraged investors to sell the Yen, which lead to the Dollar's appreciation of 0.9% to 101.86 Yen. MSCI's index of shares outside of Japan jumped 0.2%, while Australia's .AXJO and South Korea's .KS11

Mon, 27 May 2013 15:44:14 GMT

Australian Dollar declines against the U.S. Dollar

The Aussie prolonged its fall against the U.S. Dollar from previous week as the U.S. consumer confidence is expected to increase and that could encourage the Fed to slow down the stimulus. The Australia's currency dropped 0.2% to 96.32 U.S. cents at 3:26 p.m. Sydney time. Last week the Australian Dollar reached a 0.8% weekly decline versus the greenback, making

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