Chinese firms' industries profits drop on exports

Note: This section contains information in English only.
Source: Bloomberg
China's manufacturing companies experienced their first fall in profit in three years as lower amounts of exports and government's property curbs harmed earnings. The net income for period January-February declined annual 5.2% or CHY 606 billion (USD 96 billion). In contrast Chinese industrial firms' profits rallied 34.3% in the corresponding two-month period last year. 
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Tue, 27 Mar 2012 06:44:37 GMT

Gold firms after Fed hinted on easing in the US

Gold prices increased at Asian trade on Tuesday, being supported by hints that Fed is likely to provide additional stimulus to the US economy as labour market remains weak. COMEX gold futures for delivery in June traded at 1,691.45 US Dollars per troy ounce on the New York Mercantile Exchange, gaining 0.19%.

Tue, 27 Mar 2012 09:11:27 GMT

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Ben Bernake, Federal Reserve Chairman pointed out on Monday that further upturn in labour market may lag. Although job market may self-recover, there are not enough persuasive evidence of that, Bernake claimed. Therefore central bank will keep monitoring upcoming developments in US economy, he added. Investors anticipated Bernake's announcement as a signal Fed is likely to maintain its loosen monetary policy.

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