Loonie falls as country's deficit rises

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Source: Reuters
The Canadian Dollar declined on Wednesday as investors put their bets on a drop of the currency after a report showed that purchasing managers' index in the country decreased notable in December and as Canada's trade deficit widened. The so-called Loonie traded at C$1.0810, the most since May 2010, and it was 0.3% lower at C$1.0799.

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Wed, 08 Jan 2014 09:23:06 GMT

U.K. shop price index falls by most in 7 years

British shop prices recorded the sharpest fall in almost seven years in the month of December after retailers went with heavy discounts in order to attract Christmas shoppers, a report revealed by the British Retail Consortium showed on Wednesday. According to the report, the country's shop price index slipped 0.8% on an annual basis in December after falling by 0.3%

Wed, 08 Jan 2014 09:01:04 GMT

Asian shares rise as U.S. trade deficit shrinks

Asian stocks increased earlier on Wednesday trading session after a government report showed that the trade deficit in the world's largest economy shrank to the lowest level in a four-year period and as inflation in the Eurozone stands at record low of 0.7%. The MSCI broadest Asia-Pacific Index outside Japan gained 0.5%.

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