Singapore's inflation is likely to stay elevated

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Source: Marketwatch
Singapore's inflation rate is expected to remain high over the next months and ease in the last months of this year, reported the national bank of Singapore. The central bank announced that the inflation rate is likely to fall in range between 3.5% and 4.5% while the economic growth is expected to average between 1% and 3% in 2012.

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Mon, 30 Apr 2012 07:50:43 GMT

South Sudan awaits 8 billion US Dollars loan from China

South Sudan reported that China agreed to provide the country with 8 billion US Dollars loan for main development programmes. The funds are aimed at building roads, telecommunication networks and development of agriculture. However, the parties have not provided any indication of plans to develop new pipeline to transport oil from South Sudan to China.

Mon, 30 Apr 2012 07:28:47 GMT

Gold hangs steady on weak U.S. data, Spain fears

Gold prices were steady during choppy Monday trade amid increased global uncertainty after weaker than expected US economic growth data and Spain's debt downgrade. COMEX gold futures for delivery in June traded at 1,664.25 US Dollars per troy ounce on the New York Mercantile Exchange, declining by 0.03% since opening.

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