Bank of England keeps the interest rate unchanged

Note: This section contains information in English only.
Source: Forexpros

The Bank of England announced it left the key interest rate unchanged at 0.50% for the 33rd month in line. The decision was expected by analysts. The asset purchasing programme's budget stayed at the same level of GBP275 billion. After announcement the pound advanced against the USD. At the moment of writing GBP/USD pair is trading at 1.5716, or 0.03% up.

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Thu, 08 Dec 2011 15:32:15 GMT

Dam building on Mekong River postponed again

The project of building the first hydro-power dam on the lower Mekong has been delayed again due to environmental concerns. The project will allow Laos to generate additional power that was planned to be sold to Thailand. However, opponents claim the dam will impact fragile ecology and people living downstream of the river.

Thu, 08 Dec 2011 16:37:55 GMT

Japan's Nikkei Stock Average gives up 0.66% amid European worries

Japan's Nikkei Stock Average traded down 0.66% or 57.59 and ended trade at 8,664.58. The slight decline can be explained by investors' anxiety regarding Friday's summit and Germany's announcement it will not support two bailout funds. Main losers were Japanese exporters as US Dollar dropped against Japanese Yen. Honda Motor Co. lost 1.8%, and Mitsubishi Motors Corp. declined 3.2%. On the upside were Olympus

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