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9 billion euros fresh austerity measures for Spain
30Spain’s new conservative government has outlined 8.9bn euros ($11.5bn, £7.5bn) in new spending cuts and tax rises to lower the country’s borrowing. The announcement is the first in a wave
End of year world markets – how stable…
30World stock markets have rounded off a wild and difficult year. The UK FTSE 100 fell 5.6% in 2011, while France and Germany stocks saw falls of 18% and 15%
South Korean Inflation Rises, Won Declines
30South Korean won losses were witnessed – however minimized – on the last trading day of the year. The South Korean currency fell to trade at 1,159.45 against the US
Euro Rises Timidly on Spanish Austerity Measures
30Euro gains are slightly higher on the last official trading day of 2011. Although falling through the pivotal 1.2900 support against the US dollar, the single currency has gained slightly
Japan Pushes For Sales Tax Increase, Avoid Downgrade
30In a move that has been in the works for some time, the latest in the fight to increase sales taxes in the world’s third largest economy was settled today.
The Japanese and Indians wanna swap some currency ($15bn to be precise…)
30Alright, this may surprise a few people, but Japan and India have signed, sealed and agreed, to a fifteen billion dollar currency swap. The reason? Well, to boost the economy!
Italian Auction Falls Short, Euro Trades At 15-Month Low
30Traders punished the Euro once again following the first Italian debt auction since the European Central Bank lent out almost 500 billion euros in loans to European banking institutions. The
US Jobless Claims Rise, Monthly Average Hits 3-Year Low
30According to Labor Department figures, initial claims for jobless benefits jumped in the week ending December 24th. Reports show that first time claims rose by 15,000 to 381,000 – above
US Calls Out Japan, Falls Short On China
30In a surprise move, the US Treasury department issued a strong warning for their counterparts in Japan – holding them solely responsible for currency manipulation throughout 2011. The announcement –
Thailand Output Plunges, Major Floods Cut Activity
30Catastrophic floods cut growth in one of Asia’s fastest growing economies in both October and November – according to government reports today. The country’s industrial ministry office reported that industrial
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