| Economic News Japanese Auto Production Rises In August Japanese automobile production increased in August ending a long period of contraction, the Japan Automobile Manufacturers Association said Friday. (Sep 30, 2011) Full Article    Japan Plans To Expand Forex Intervention Fund Japanese Finance Minister Jun Azumi reportedly said Friday that the government plans to raise the size of currency intervention fund by 15 trillion yen to 165 trillion yen. (Sep 30, 2011) Full Article Denmark Central Bank Expands Banks' Credit Access Denmark's central bank on Friday decided to widen the banks' access to collateralised credit facilities by expanding the existing collateral basis. (Sep 30, 2011) Full Article Swiss KOF Economic Barometer Drops Further In September Swiss KOF institute's economic barometer declined notably in September, suggesting that the economy will continue growing, albeit at a much slower pace. (Sep 30, 2011) Full Article EU Commission Temporarily Approves Rescue Aid For Three Spanish Banks The European Commission on Friday temporarily approved rescue aid for the recapitalization of three Spanish banks. (Sep 30, 2011) Full Article U.S. Personal Income Dips 0.1% In August, Spending Rose 0.2% Personal income in the U.S. showed a modest decrease in the month of August, according to a report released by the Commerce Department on Friday, although the report also showed a continued increase in personal spending. (Sep 30, 2011) Full Article Forex Top Story South Korea August Industrial Output Rises 4.8% Industrial output in South Korea climbed 4.8 percent on year in August, Statistics Korea said on Friday, expanding for the 26th consecutive month. (Sep 30, 2011) Full Article Japan Industrial Output Rise 0.8% In August Industrial output in Japan was up a seasonally adjusted 0.8 percent on month in August, the Ministry of Economy, Trade and Industry said on Friday in a preliminary reading - continuing to reflect the results of the devastating earthquake and tsunami on March 11. (Sep 30, 2011) Full Article Standard & Poor's, Fitch Downgrade New Zealand Rating International rating agencies Standard & Poor's and Fitch Ratings on Friday downgraded New Zealand's credit rating by one notch, citing the economy's deteriorating external position. (Sep 30, 2011) Full Article China Manufacturing PMI Steady, Inflation Hits 4-Month High China's manufacturing activity shrank only marginally in September despite the weakening global growth, the latest report from Markit Economics showed Friday. (Sep 30, 2011) Full Article German Retail Sales Slump Most Since May 2007 As Crisis Dampens Demand German retail sales dropped at the steepest pace in more than four years in August as mounting concerns about the potential impact of the region's debt crisis made consumers reluctant to spend. (Sep 30, 2011) Full Article Eurozone Inflation Accelerates To 35-Month High Eurozone annual inflation increased unexpectedly in September to the highest level since October 2008. (Sep 30, 2011) Full Article Commodities Gold Edges Up Amid Steady Dollar The price of gold was ticking higher Friday morning even as the U.S. dollar was trading firm versus a basket of currencies. (Sep 30, 2011) Full Article Crude Flat Near $82 The price of crude oil was little changed Friday morning amid weak retail sales data from German and soft manufacturing reading from China. (Sep 30, 2011) Full Article Political News Qadhafi Spokesman Held In Libyan Town Fighters of Libya's ruling National Transitional Council (NTC) have arrested the mercurial spokesman of fallen dictator Moammar Qadhafi, local television reported on Thursday. (Sep 30, 2011) Full Article US 'Seriously Concerned' Over India's Nuke Liability Law The United States has said that India's nuclear liability bill does not conform to the Convention on Supplemental Compensation on Nuclear Damage (CSC), and that Washington has serious concerns over the issue. (Sep 30, 2011) Full Article US 'Deeply Disturbed' Over Jailing Bahraini Medics For Treating Protesters The United States has urged the Bahraini government to abide by its commitment to transparent judicial proceedings, including a fair trial, access to attorneys, and verdicts based on credible evidence conducted in full accordance with Bahraini law and its international legal obligations. (Sep 30, 2011) Full Article Yemeni President Won't Quit If Rivals Contested Elections Embattled Yemeni President Ali Abdullah Saleh says he will not step down as promised if his opponents are allowed to stand in elections to succeed him. (Sep 30, 2011) Full Article Analyst Currency Comments FX To Remain Heavy Despite Fiscal Tenure Closing And Holidays - Westpac Analysts at Westpac noted on Friday that the end of half-year fiscal tenure in Japan as well as month-end, quarter-end and year-end closing in some other nations will reduce liquidity in the market. The Australian holiday on Monday and Chinese holidays in the coming week would reduce liquidity further, however, the firm noted that the forex markets to remain heavy next week. (Sep 30, 2011) Full Article Currency Alerts Kiwi Drops As Fitch And S&P Downgrades New Zealand Credit Rating The New Zealand dollar declined against its major rivals in the Asian session on Friday after the nation's credit rating was downgraded by Fitch Ratings and Standard and Poor's. (Sep 30, 2011) Full Article Yen Advances Against Majors The yen showed strength against other major currencies in Asian trading on Friday amid a slew of economic reports. (Sep 30, 2011) Full Article Euro Drops To 3-day Low Against Dollar On Disappointing German Retail Sales The euro has been extending its Asian session's slide against most major currencies in early European deals on Friday as a report showed that the German retail sales declined more than expected in August. (Sep 30, 2011) Full Article Canadian Dollar Declines Against Majors The Canadian dollar slipped against the currencies of US, Europe, Australia and Japan on Friday as traders grew risk averse after reports on Chinese manufacturing PMI and German retail sales. (Sep 30, 2011) Full Article Pound Trades At 4-day High Against Euro And Swiss Franc U.K.'s sterling strengthened against its major rivals on Friday despite a fall in European equities. The pound thus extended Asian session's rally against the currencies of Europe and Switzerland and recouped losses that incurred in the previous session against the dollar and the yen. (Sep 30, 2011) Full Article Dollar Gains On Euro, ECB Vexed By Stubborn Inflation The dollar was generally stronger Friday morning in New York as focus remained on Europe, where policy makers at the European Central Bank will have a tricky balancing act of maintaining price stability and promoting an economic recovery. (Sep 30, 2011) Full Article General News FBI Arrests Boeing Employees Over Drug Abuse The FBI on Thursday arrested 37 current and former Boeing employees on charges of drug abuse at the company's Ridley Park, Pennsylvania, plant which builds aircraft for the U.S. military. (Sep 30, 2011) Full Article Stocks To Watch Drilling For Success... This independent energy company comes on our radar with consistent operating results, growing production, and expanding operating margin. (Sep 30, 2011) Full Article | 
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