China foreign exchange reserves decline first time since 1998

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Source: Bloomberg
Chinese foreign exchange reserves fell in the fourth quarter for the first time since 1998, said People's Bank of China in its statement. The world's largest foreign exchange holdings dropped from $3.2 trillion on September to $3.18 trillion by the end of December last year. The decline may spur China's reluctance to appreciation of Yuan. 
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Fri, 13 Jan 2012 08:44:43 GMT

South Korea leaves key interest rate unchanged

The Bank of Korea decided to keep its benchmark borrowing interest rate untouched for the seventh consecutive month stressing increasing exposure to European debt turmoil. Although weakening South Korean Won threatens to boost inflation, central bank kept its key interest rate at 3.25%. The decision match economists' expectations. 

Fri, 13 Jan 2012 08:43:51 GMT

US trade deficit probably increased in November

US trade deficit may have expanded in November mainly due to surge in crude oil imports, predict economists before official announcement due today. The trade gap is expected to widen from $43.5 bn in October to $45 bn in November, told economists surveyed by Bloomberg. The value of oil import dropped to 8-month record low in October and may have

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