Canada likely to keep interest rate unchanged

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP

Economists surveyed by Bloomberg predict Bank of Canada will leave its key interest rate untouched today as country's price stability and economic growth are threatened by European debt crisis. Economists expect Canadian central bank to keep interest rate at 1%, unchanged since September 2010. Some investors are speculating Bank of Canada may cut the rate next year.

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Tue, 06 Dec 2011 08:06:10 GMT

UK Retail sales drop to 6-month low

UK retail sales declined to 6-month low, as deteriorating economic outlook hit the consumption, reported British Retail Consortium. Sales in shops that are open at least one year lost 1.6% on a yearly basis, the biggest slump since May. Food sales added 1.5% while non-food trades edged down 2.1%. BRC's general director Stephen Robertson suggests the figures are quite pessimistic, especially amid forthcoming Christmas. 

Tue, 06 Dec 2011 08:04:58 GMT

Esprit stocks plunge as CEO resigned

Clothing retailer Esprit Holdings Ltd. which is struggling to recoup from massive drop in profits experienced biggest drop in stock price since October 12. Esprit Holdings Ltd listed in Hong Kong lost 10.7% after its CEO Chew Fook Aun reported his resignation. Esprit shares are 71% down on a yearly basis. Chew Fook Aun explained he is leaving due to personal reasons. 

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