Companies prepare for the worst

Note: This section contains information in English only.
Source: The Wall Street Journal
As the majority of executives and analysts agree that the impact of Greek exit from Eurozone is difficult to predict, multinationals prepare for the worst to be well-equipped in case any contingency arises. Companies mostly are concerned about cash retrieval, should Greece reverts to the Drachmas, paralysis in international payments, breakup of the Euro and civil unrest in Greece. 
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Mon, 04 Jun 2012 07:04:24 GMT

China's service sector growth decelerates

Chinese services sector growth decelerated last month, escalating worries about overall performance of the country's economy. Non-manufacturing PMI declined from 56.1 to 55.2 last month, following sharp fall in manufacturing activity. The data is expected to force China's government to ease monetary policy further to stimulate sluggish economic performance of the country.

Mon, 04 Jun 2012 09:17:18 GMT

Loonie down for the fifth week

Canadian Dollar fell for a fifth straight week as concerns spurred about its biggest trading partner's growth slowdown and deepening European debt woes. Loonie dropped 1.1% versus greenback to CAD 1.0410 on Friday trade. Currently USD/CAD is trading at CAD 1.0431. 

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