Senate confirms Yellen as Fed chairwoman

Note: This section contains information in English only.
Source: Bloomberg
The U.S. Senate finally approved the Janet Yellen's candidacy as the new Federal Reserve chairwoman, voting 56 to 26, while 11 Republicans supported Yellen as well. Therefore, Janet Yellen will become not only the 15-th head of the Fed, but also the first woman, who will be responsible for monetary policy in the U.S. The second term of Ben Bernanke expires on January 31.
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Tue, 07 Jan 2014 16:23:04 GMT

Canada trade gap widens; October data revised from surplus to deficit

The negative trade balance of Canada widened sharply in November of 2013, while the actual number was nine times higher than economists predicted, reaching as much as $940 million. Analysts awaited the deficit of $100 million, with $500 million as the worst estimation. Moreover, the trade numbers for October was revised down from a $75 million surplus to $908 million

Tue, 07 Jan 2014 16:01:04 GMT

European shares gain after German unemployment drops

European shares advanced, after Monday's drop in the benchmark Stoxx Europe 600 Index, as German unemployment declined the most in two years. The Stoxx 600 added 0.6% to 328.88 as of 1:09 London time; however, the equity-benchmark rallied 17% in 2013. Standard & Poor's 500 Index futures climbed 0.4%, while the MSCI Asia Pacific Index slid 0.4%.

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