| Economic News South Korea Current Account Surplus $401.3 Million South Korea saw a current account surplus of $401.3 million in August, the Bank of Korea said on Thursday - remaining in the black for the 18th consecutive month although hitting a seven-month low. (Sep 29, 2011) Full Article    RBNZ Bollard Says May Push Rates Higher As Housing Market Recovers Reserve Bank of New Zealand governor Alan Bollard on Thursday indicated that the central bank may push the policy rates higher as the housing market activity recovers, according to reports. (Sep 29, 2011) Full Article Fed's Rosengren: Money Market Funds Should Hold Capital Buffers Money market funds should develop meaningful capital-like buffers while more efforts are need to make the industry less susceptible to credit shocks and liquidity runs, Boston Federal Reserve Bank President Eric Rosengren was quoted as saying on Thursday. (Sep 29, 2011) Full Article ECB's Secret Letter To Italy Urged Radical Reforms: Report A confidential letter sent to Italian Prime Minister Silvio Berlusconi by European Central Bank President Jean-Claude Trichet and Bank of Italy Governor Mario Draghi in August recommended heavy reforms to balance the country's budget, an Italian newspaper reports. (Sep 29, 2011) Full Article U.S. Weekly Jobless Claims Fall Much More Than Expected First time claims for U.S. unemployment benefits showed a notable decrease in the week ended September 24th, according to a report released by the Labor Department on Thursday, with claims dropping below the key 400,000 level. (Sep 29, 2011) Full Article U.S. Second Quarter GDP Growth Upwardly Revised To 1.3% The U.S. economy grew more than initially reported in the second quarter, according to figures released Thursday by the Commerce Department. The 1.3 percent growth in U.S. gross domestic product, while still weak, was 0.3 percentage points stronger than the 1 percent growth previously reported. (Sep 29, 2011) Full Article Forex Top Story Japan Retail Sales In Surprise Fall In August Retail sales in Japan declined unexpectedly in August with consumers growing increasingly reluctant to spend amid concerns over a flagging global growth and rising uncertainty over the outlook. (Sep 29, 2011) Full Article UK House Prices Rise Modestly In September: Nationwide House prices in the U.K. edged up in September following a moderate decline in August, the latest housing market survey results from the Nationwide Building Society showed Thursday. (Sep 29, 2011) Full Article Germany's Parliament Backs Euro Bailout Fund Reforms German lawmakers approved the proposed reforms to the Euro rescue fund on Thursday. (Sep 29, 2011) Full Article German Unemployment Declines In September German unemployment decreased notably in September as companies continued to hire employees despite fears of a global economic slowdown. (Sep 29, 2011) Full Article Eurozone September Economic Confidence Deteriorates Eurozone economic confidence declined more than expected in September reflecting broad-based weakness in all sectors, signaling that the currency bloc is on the brink of recession amid unsolved debt woes. (Sep 29, 2011) Full Article Commodities Gold Little Changed Near $1,620 Amid Mixed Dollar The price of gold was little changed Thursday morning as the U.S. dollar was trading mixed ahead of today's economic releases, including weekly jobless claims data. (Sep 29, 2011) Full Article Crude Edges Up; German Vote In Focus The price of crude oil edged up Thursday morning as traders turned their attention to Germany, which is to vote on a measure to give a European bailout fund more powers to fight the debt crisis. (Sep 29, 2011) Full Article Political News Yemeni President Agrees For Power Transfer Yemeni President Ali Abdullah Saleh has authorized Vice-President Abdrabuh Mansur Hadi to negotiate a power transfer with the the Opposition, putting an end to months of political turmoil in the impoverished Arab country that claimed more than 100 lives. (Sep 29, 2011) Full Article Spain Put Off Lottery IPO The Spanish government late Wednesday decided to postpone the initial public offering of its lottery operator as it was advised that the issue under the current market condition would possibly fetch less than the book value. (Sep 29, 2011) Full Article US Condemns Attack On NATO Peacekeeping Troops Along Kosovo-Serbia Border The United States has condemned the violent attack by a Serb mob on the NATO-led Kosovo Force (KFOR) on Tuesday. (Sep 29, 2011) Full Article German Parliament Approves Euro Bailout Boost By Big Majority The German Parliament has approved with overwhelming majority a crucial bill that commits Europe's largest economy to raise its contribution to the European Financial Stability Facility (EFSF) Fund by EURO 88 billion ($120 billion). (Sep 29, 2011) Full Article Analyst Currency Comments Recovery In Risk Currencies To Continue Ahead Of German Vote On EFSF – Westpac After sliding in early Thursday Asian deals, in line with the New York session's trend, risk currencies recovered and Westpac analysts said they expect the recovery to continue ahead of the German vote on the European Financial Stability Facility later in the day. (Sep 29, 2011) Full Article Currency Alerts Australian And New Zealand Dollars Recover Ahead Of German Vote The Australian and New Zealand dollars that extended their yesterday's slide against most major currencies in early Thursday Asian deals reversed direction shortly as traders await a key vote by the German parliament later in the day on expanding the euro zone bailout fund. (Sep 29, 2011) Full Article Dollar Withstands German Approval For EFSF The dollar was steady Thursday morning, after German lawmakers approved a resolution to increase the lending capacity of the European Financial Stability Facility by an unexpectedly overwhelming margin. (Sep 29, 2011) Full Article Euro Pares Gains After Germany Approves EFSF Reforms The European currency halted its early morning rally versus major counterparts ahead of Thursday's North American trading after German lawmakers approved a resolution to increase the lending capacity of the European Financial Stability Facility by an unexpectedly overwhelming margin. (Sep 29, 2011) Full Article General News Youth Held Over Plot To Bomb Pentagon, Capitol In an year-long sting operation, the FBI on Wednesday arrested a 26-year-old American national for allegedly plotting to fly explosive-packed, remote controlled planes into the Pentagon and the U.S. Capitol in Washington DC. (Sep 29, 2011) Full Article Fire Rages At Shell's Singapore Refinery For Second Day Firefighters are battling a blaze that has been burning for more than a day at the Royal Dutch Shell PLC's (RDS-A) 500,000-barrel-a-day refinery in Singapore, which forced the company to shut a hydro-cracker unit as a precautionary measure. (Sep 29, 2011) Full Article 58,000 Evacuated As Typhoon 'Nesat' Crashes Into China Typhoon 'Nesat' crashed into China's southern-most island province of Hainan on Thursday afternoon bringing powerful winds and torrential rains that forced authorities to evacuate about 58,000 people. (Sep 29, 2011) Full Article 18 Killed In Indonesian Plane Crash All 18 on board a small Indonesian commercial plane are feared to have been killed when it crashed in the Bahorok mountains of the country's North Sumatra island on Thursday. (Sep 29, 2011) Full Article | 
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