Greece got consent of more than 80% of creditors on debt swap deal

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Source: BBC
Greece has announced it has managed to secure the second bailout fund as above 80% of the private bondholders signed up for the debt swap deal. The threshold required by the IMF and the EU is 75%. The deal will allow Greece not to default because of the debts and the country will be able to stay in the Euro Zone.

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Fri, 09 Mar 2012 09:09:51 GMT

Bank of Canada kept the key interest rate unchanged at 1.00%

The Bank of Canada kept its core interest rate at 1.00% for the 12th time in March amid eased concerns over global economic outlook. The decision is in compliance with expectations. The bank's outlook on the Canada's economy has improved but it remained uncertain amid internal strength and global weakness.

Fri, 09 Mar 2012 08:24:48 GMT

Australian Dollar faces a weekly decline

Australian currency experienced a weekly drop versus US Dollar as government data showed country's trade balance moved to a deficit in January. Aussie was little changed on Friday when it traded at USD 1.0642. Nevertheless, on weekly basis Australian Dollar posted a 0.9% decline. Meanwhile New Zealand Kiwi gained 0.2% versus its US peer to USD 0.8258. Currently AUD/USD is

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