Euro loses value ahead of vote on Spanish bailout

Note: This section contains information in English only.
Source: Bloomberg
Ahead of Germany's vote regarding the Spanish aid program, on July 19, the European currency is losing its value against the US Dollar and the Yen. It decreased by 0.2% to $1.2270 and 0.3% to 96.88 Yen.
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Wed, 18 Jul 2012 11:31:15 GMT

Sale of government bonds in Sri Lanka at interest rate of 5.875%

Sri Lanka sold USD1 billion of 10 year government bonds at an interest rate of 5.875%. The money received will be used to help boost the economy and there already are USD 10.5 billion of subscriptions. Furthermore, past debts could be repaid, the USD500 million of securities with an interest rate of 8.25% that were issued in 2007.

Wed, 18 Jul 2012 15:15:16 GMT

Demand for construction services improves in the USA

The latest US readings published by the American Institute of Architects (AIA) on Wednesday, July 18, indicated improvement in construction activity in June. The changes are determined by architects' billing index (ABI) that shows the demand for construction services. Thus ABI gained 0.1% in June and stopped at 45.9. However, reading below 50 implies declined demand for such works. Although, the architects' service inquiries, not all

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