China's government debt reaches 28 trillion yuan in 2012

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Source: Reuters
Government debt in the world's second largest economy may have reached a level of 19.9 trillion yuan, or $3.28 trillion, by the end of last year, almost two times more than 2 years earlier, a report released by the think tank National Audit Office showed on Monday. In 2010, the government debt totalled 10.7 trillion yuan and by the end of 2012 it probably increased to 28 trillion yuan.

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Mon, 23 Dec 2013 11:41:03 GMT

Germany's import prices drop 2.9% in November

Import prices in Europe's second largest economy dropped in November, however the rate of decline was lower than in the previous month and as initially forecast, a report published by the Federal Statistical Office unveiled on Monday. According to the report, Germany's import price index fell 2.9% on an annual basis after slipping 3% in the prior month.

Mon, 23 Dec 2013 11:19:11 GMT

U.S. Dollar fluctuates on low liquidity in markets

The U.S. currency swung between gains and losses on Monday together with the Euro and the Yen staying flat as the Japanese national holiday reduced liquidity in markets after the Fed last week's policy meeting resulted in a stimulus scale-back. The U.S. Dollar traded at 104.05 yen falling from the five-year high at 104.64 recorded on Friday, and it fluctuated

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