S&P Slashes Italian Credit Rating
Standard & Poor’s Ratings Services lowered Italy’s credit rating, saying the country...
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Lower Expectations on BOJ to expand stimulus in 2013
Economists are ditching forecasts for the Bank of Japan to further expand its record easing this yea...
EURUSD settles around 1.2780, AUDUSD eases back to 0.9160, GBPUSD likewise to 1.4860, USDJPY at 101.10, gold at 1249
Content is for general information purposes only. It is not investment advice or a solution to buy o...
Indian Refiners Forced to Buy Dollars from a Single Bank
With Indian rupee depreciating sharply against the US dollar, the Reserve Bank of India (RBI) today ...
GBP/USD – Pound Takes a Tumble After Weak UK Releases
The British pound posted sharp losses against the dollar in Tuesday trading. GBP/USD is down one ce...
Bankruptcies in Japan Drop to Lowest Level in 22 Years
The number of corporate bankruptcies in Japan fell 10.9 percent from a year earlier to 5,620 in the ...
Bank of Japan Could Upgrade Country’s Economic Assessment
The Bank of Japan is likely to consider upgrading its assessment of the Japanese economy and whether...
Japan Fin Min Says Taxes Won’t Be Raised if Economy Not Growing
Finance Minister Taro Aso suggested Tuesday that the government will not go ahead with the planned s...
UK Manufacturing Drops in May
UK manufacturing suffered an unexpected drop in output in May, dampening hopes the economic recovery...
IMF Upgrades UK Growth Forecast to 0.9 Percent
Britain will grow faster this year than previously expected according to the International Monetary ...
USD/CAD – Loonie Shows Little Change After Sharp Canadian Housing Numbers
The Canadian dollar is showing little change against the US currency in Tuesday. USD/CAD is tr...
IMF Publishes Updated World Economic Outlook
The International Monetary Fund has published their new World Economic Outlook report. Growth has be...
China Inflation Rises to 2.7 Percent
China’s inflation rate rose by more than expected in June, increasing to 2.7% from 2.1% the mo...
Shadow Banking Grows in China
Wang Zhiyong, the founder of a Shanghai-based gift card company, tried twice to get a bank loan for ...
AUD Direction to be Set by FOMC Minutes and Employment
This could be “a make or break week” for the Australian dollar with three major factors ...
UK Housing Prices Jump in June
British house prices are rising at their fastest pace in more than three years, helped by initiative...
US Financial Regulators Put Forth 6 Percent Leverage Ratio Requirement
U.S. regulators on Tuesday are set to propose a plan that would force the country’s largest ba...
Japan to Change Inflation Gage Which Could Pressure BoJ
The Japanese government plans to adopt a different measure of inflation to the central bank’s,...
Latvia to Become 18th Euro Zone Member
EU finance minsters have rubber-stamped Latvia’s application to become the 18th country to use...
China June CPI 2.7% y/y, 2.5% eyed, food CPI +4.9%
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