The British economy contracted in the fourth quarter as the eurozone debt crisis took its toll, figures published next week are expected to show. Read More UK economy predicted to shrink in final quarter
The British economy just about scraped growth in the fourth quarter of 2011 according to the National Institute of Economic and Social Research (NIESR), but weaker data elsewhere darkened the economic outlook. Read More UK grew 01pc in fourth quarter, says think tank Niesr
The market value of Canadian household net worth declined by 2.1% ($134 billion) in the third quarter of 2011 to $6.2 trillion. The deterioration of household balance sheets follows the 0.3% ($19 billion) decline seen in the previous quarter that pulled net worth from the record high seen in first Read More Canadian Household Net [...]
Canada’s current account deficit narrowed by $4.0 billion to $12.1 billion in the third quarter of 2011, retracing a sizeable component of the $5.8 billion widening to an upwardly revised $16.1 billion deficit (previously was $15.3 billion) in the second quarter. Market expectations were for a smaller $11.1 billion deficit Read More Canadian Current Account [...]
Earnings per share were $3.94 or CHF 3.46 (vs $1.80 or CHF 1.93). Shareholders’ equity rose by $3 billion compared to the second quarter to $27.8 billion, due to the group result and a $2.5 billion increase in unrealised gains, mostly driven by … 30 Vote(s) Read More Swiss Re reports net income of 13 [...]
Canada’s current account deficit widened by $5.3 billion to $15.3 billion in the second quarter of 2011 from a $10.0 billion deficit in the first quarter that was revised sharply higher from the previously reported $8.9 billion deficit. Market expectations were for a smaller $13.7 billion deficit in the second Read More Canadian Current Account [...]
As for the New Zealand economy expansion during the first quarter, helped the consumer price index to rise more than the market?s expectations in the 2nd quarter because of the surge in fuel and food costs, supported the RBNZ to raise the borrowing costs in the next months. Read More New Zealand Consumer Price Index [...]
The Chinese yuan posted the sixth straight quarterly gain on the speculation that China will allow the currency to appreciate faster in order to slow growth of consumer prices.(…)Read the rest of Sixth Quarter of Gains for Yuan (75 words) Posted on Forex News. Read More Sixth Quarter of Gains for Yuan
There is little for markets to cheer at present. Over the past week already subdued equity markets posted further losses; the US S&P off 0.4% and ten-year Treasuries reaching 2.91% rates not seen this year. The twin concerns of Greece and the persistence of the ?soft patch’, will continue Read More Markets Braced for the [...]
Last week, the USD saw its worst week in 3 months, as the USD Index fell to its lowest level since the financial crisis of 2008. The main reasons for this USD weakness remains the Fed’s ultra-loose monetary policy, strong risk appetite for commodities which is boosting commodity currencies at Read More This Week in [...]
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