| Economic News Japan's Azumi Calls For Swift, Transparent Action To Rescue Greece Japanese Finance Minister Jun Azumi urged Europe to implement its Greek rescue measures quickly and transparently after euro fell to 10-year low against yen amid concerns of a deepening debt crisis. (Oct 4, 2011) Full Article    Spanish Unemployment Rises For Second Month Unemployment in Spain increased for a second consecutive month in September, government data showed Tuesday. (Oct 4, 2011) Full Article UK Construction Activity Near Stagnation In September British construction sector activity slowed in September to reach levels close to stagnation, a survey by Markit Economics showed Tuesday. (Oct 4, 2011) Full Article S&P Says Europe Faces Rising Risk Of Double Dip: Reports Standard and Poor's on Tuesday said that the deteriorating business sentiment in European markets and a projected slowdown of growth in the U.S. is weighing on economic growth prospects for Europe, according to reports. (Oct 4, 2011) Full Article Sweden FinMin Says Risk Of Greece Plan Going Off-Track 'Very High' There is a high risk of the Greek program going 'off-track', Sweden's Finance Minister Anders Borg told reporters in Luxembourg on Tuesday as he arrived to attend the Economic and Financial Affairs Council (ECOFIN) meeting. (Oct 4, 2011) Full Article Ireland Central Bank Trims 2012 Growth Forecast Ireland's central bank on Tuesday downgraded its economic growth estimate for next year, while it lifted outlook for 2011. (Oct 4, 2011) Full Article Goldman Sachs Cuts Global Growth Forecast, Sees Eurozone Recession Economists at Goldman Sachs lowered the global growth forecast for 2012 to 3.5 percent from 4.2 percent. (Oct 4, 2011) Full Article Forex Top Story Australia August Trade Surplus A$3.1 Bln Australia posted a seasonally adjusted merchandise trade surplus of A$3.100 billion in August, the Australian Bureau of Statistics said on Tuesday. (Oct 4, 2011) Full Article South Korea Inflation Moderates In September Inflation in South Korea moderated in September from August's three-year high as food prices declined, the latest figures from Statistics Korea showed Tuesday. (Oct 4, 2011) Full Article RBA Signals Rate Cut As Inflation Outlook Improves Australia's central bank on Tuesday indicated that it may lower the benchmark cash rate in the near-term, as an improved outlook for inflation provided scope for monetary policy to lend support to demand. (Oct 4, 2011) Full Article Eurozone Postpones Decision On EUR 8 Bln Loan Tranche To Greece Eurozone finance ministers have decided to put off the decision on the next loan installment for Greece, worth EUR 8 billion, until the troika report on the country's progress with the fiscal targets is ready. (Oct 4, 2011) Full Article Eurozone Producer Price Inflation Eases In August Reflecting a slowdown in energy prices, Eurozone factory gate inflation eased in August, but at a slower than expected pace. (Oct 4, 2011) Full Article Commodities Gold Extends Gains Amid Greece Debt Concerns The price of gold was extending gains Tuesday morning amid fears that Greece is heading for a default. (Oct 4, 2011) Full Article Crude Lingers Near Yearly Low Amid Demand Concerns The price of crude oil was lingering around its one-year low Tuesday morning as worries over the economic outlook hurt demand expectations for raw materials. (Oct 4, 2011) Full Article Political News Afghan President Accuses Pakistan Of Playing 'Double Game' Afghan President Hamid Karzai on Tuesday accused Pakistan of playing a "double game" in the ongoing fight against militancy in the region, but stressed that future negotiations should continue to go through Islamabad in order to get to the Taliban. (Oct 4, 2011) Full Article US Senate Votes To Open Debate On Currency Bill The U.S. Senate voted late on Monday to go ahead with a currency bill aimed at punishing the country's trading partners found guilty of undervaluing their currencies in order to promote exports. (Oct 4, 2011) Full Article Obama Eyes FTA With South Korea, Colombia, Panama To Congress President Barack Obama on Monday submitted to the U.S. Congress Free Trade Agreements with South Korea, Colombia and Panama. (Oct 4, 2011) Full Article Cyprus President Rejects Blame For Deadly Naval Base Explosion Cyprus President Demetris Christofias has rejected an independent inquiry report which held him personally responsible for a munitions blast at a naval base in July that killed 13 people and destroyed Cyprus' largest power station. (Oct 4, 2011) Full Article Bahrain Jails 14 For Killing Pakistani National During Unrest A court in Bahrain has sentenced 14 people to 25 years each in prison for killing a Pakistani national during the recent pro-democracy protests in the Gulf Kingdom, state news agency BNA reported late on Monday. (Oct 4, 2011) Full Article Dalai Lama Cancels South Africa Visit Over Delayed Visa The Dalai Lama has canceled his plans to visit South Africa due to failure on the part of South African authorities to grant him visa on time, the exiled Tibetan spiritual leader's office said on Tuesday. (Oct 4, 2011) Full Article Analyst Currency Comments Interest Rate Cut Signal From RBA Sparks Fresh Selling In AUD/USD – Westpac Westpac analysts said on Tuesday that an interest rate cut signal from the Reserve Bank of Australia in the near-term gave room for more AUD/USD selling in the Asian session. (Oct 4, 2011) Full Article Currency Alerts Australian Dollar Extends Slide After RBA Rate Decision The Australian dollar has been extending its early Tuesday Asian session's slide against other major currencies after the Reserve Bank of Australia decided to keep its interest rate unchanged at 4.75 percent on weaker domestic growth outlook. (Oct 4, 2011) Full Article Pound Falls On Weak European Stocks And Construction PMI The pound has been declining against other major currencies in European deals on Tuesday on weak equities and as a report showed that the U.K. construction PMI slowed in September. (Oct 4, 2011) Full Article Dollar Nudges Closer To $1.30 Versus Euro The dollar kept pressure on its European rivals Tuesday, jumping to a fresh 8-month peak against the euro ahead of closely-watched Congressional testimony from Fed Chairman Ben Bernanke. (Oct 4, 2011) Full Article General News At Least 12 Killed In Pakistan Bus Attack Unidentified gunmen opened fire on a bus carrying mostly Shia Muslims in southwest Pakistan, killing at least 12 people and injuring more than six others, local reports quoting officials said on Tuesday. (Oct 4, 2011) Full Article Two Somalis Sentenced To Life In US Over Deadly Yacht Hijacking A U.S. federal court in Norfolk, Virginia, on Monday sentenced two Somali men to life in prison for their role in the hijacking of an American yacht in which four people were killed early this year. (Oct 4, 2011) Full Article Fire At US Chemical Plant Forces Mass Evacuation A massive fire raging at a chemical plant in the U.S. state of Texas has forced evacuations of hundreds living near the facility, U.S. media reports quoting local officials said late on Monday. (Oct 4, 2011) Full Article Reports: Suspected Suicide-Bombing Kills Dozens In Somali Capital A suspected suicide-bombing outside a compound housing government buildings in Somali capital Mogadishu has left at least 55 people dead and dozens of others injured, media reports quoting local officials said on Tuesday. (Oct 4, 2011) Full Article Taliban Leader Who Led Numerous Attacks On Afghan Forces Killed Taliban leader Saifullah Rashid, who led numerous attacks against Afghan forces in the central-eastern region, was killed in a combined operation by NATO-led International Security Assistance Force (ISAF) and Afghan troops on Monday. (Oct 4, 2011) Full Article | 
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