PBOC drained funds from country's money market

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Source: Marketwatch
People's Bank of China withdrew CNY 44 billion (USD 6.98 billion) from Chinese money market via open market operations to curb excess liquidity. The draining of funds comes amid news Chinas consumer price unexpectedly surged in January. Nevertheless central bank refused to auction 3-month and 1-year bonds. 
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Thu, 09 Feb 2012 09:01:20 GMT

Europe shares decline on Wednesday as Greeks linger with austerity measures

Most European equity markets finished lower on Wednesday as Greece continued to struggle with international creditors about nation's debt swap agreement. Stoxx Europe 600 index and UK FTSE 100 index each edged down 0.2% at 263.01, and 5,875.93 respectively. DAX 30 index and French CAC 40 each fell 0.1% at 6,748.76 and 3,410.00 respectively. 

Thu, 09 Feb 2012 09:19:58 GMT

Rio Tinto posts a 59% drop in its profit

Rio Tinto Group, the third biggest mining firm in the world reported a 59% drop in its annual profit after executing one time payment on its aluminium division. The annual net income amounted USD 5.8 billion compared to USD 14.3 billion previous year. Economists earlier predicted net income to reach USD 15.6 billion. 

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