Japan faces its first current account shortfall since 1963

Note: This section contains information in English only.
Source: Marketwatch
Japanese merchandise trade experienced the first yearly deficit in more than a 50 years as the trade gap reached JPY 1.609 trillion. In December, however, the current account surplus broadened to JPY 303.5 billion (USD 3.95 billion) compared to predicted JPY 331.4 billion. Exports lost 7% while imports gained 9.8% in the last month of 2011. 
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Wed, 08 Feb 2012 07:56:47 GMT

Papademos postpones his meeting with Greek parties

Greek PM Lucas Papademos decided to postpone the meeting with leaders of Greece's three main political parties for the second time in few days. Instead Papademos prepares to meet so called Troika or ECB, IMF and European Comission to finalize details of measures required to receive EUR 130 billion bailout package. 

Wed, 08 Feb 2012 09:53:05 GMT

Canadian Dollar climbs on Greece optimism

Canada's currency appreciated on Tuesday as investors digested news that Greece is moving towards final version of its debt swap agreement. Loonie gained 0.2% or CAD 0.9944 amid climbing crude and stock prices. Meanwhile Canada's 10-year benchmark yield advanced to 2.03%. Currently USD/CAD is trading at CAD 0.9946. 

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