Canadian dollar strengthens on central bank's moves

Note: This section contains information in English only.
Source: Bloomberg
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The Canadian domestic currency gained most since previous year's May as major central banks including Bank of Canada cut the cost of dollar swaps to relieve European debt turmoil. Loonie jumped against greenback to a 2-week high as Canadian statistics reported than country's GDP added at faster pace than expected. Canadian dolllar gained 1.4% against its US peer, reaching C$ 1.0174. The pair currently is trading at 1.0204.
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Thu, 01 Dec 2011 09:26:35 GMT

Swiss economy grows as expected

Switzerland's GDP expanded in compliance with analysts' forecasts in Q3, according to official data. The country's GDP added 0.2% on a seasonally adjusted basis in Q3 compared with 0.4% growth in Q2. The economy of the country grew by 1.3% in Q2 at annual rate exceeding the expected 1.8%. The growth was mostly stimulated by increase in consumption and investments in construction. USD/CHF was traded

Thu, 01 Dec 2011 10:38:15 GMT

Starbucks Corp. to expand operations in the UK

Starbucks Corp., one of major coffee-bar chains, announced it plans to open new 200 drive-through stores and some ordinary stores by 2016. The expansion would create 5,000 jobs in the UK. Currently the company has 700 stores in UK. More than a half of planned stores will be opened under license by Euro Garages, the fuel retailer, Starbucks added.

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