| Economic News BoJ Conducted Powerful Monetary Easing: Shirakawa The Bank of Japan already implemented powerful monetary easing to stem sharp gains in yen, Governor Masaaki Shirakawa was quoted as saying on Wednesday. (Oct 5, 2011) Full Article    India's Sept. Private Sector Output Growth Eases To Near-Stagnation India's private sector output growth weakened further in September, survey data from Markit Economics showed Wednesday. (Oct 5, 2011) Full Article Eurozone Sept. Composite PMI Falls More Than Initial Estimate Eurozone's composite output index fell slightly more than initially expected in September, final data from Markit Economics showed Wednesday. (Oct 5, 2011) Full Article German Service Sector Contracts Unexpectedly In September Activity in Germany's service sector declined unexpectedly in September, final data from a survey by Markit Economics showed Wednesday. (Oct 5, 2011) Full Article UK Sept Service Sector Growth Exceeds Expectations Activity in U.K's service sector grew more than economists expected in September, data from a survey by Markit Economics and CIPS showed Wednesday. (Oct 5, 2011) Full Article IMF: Bold Policy Action Required To Restore Europe's Recovery The International Monetary Fund on Wednesday said that implementation of comprehensive and bold policy action will help restore Europe's recovery. (Oct 5, 2011) Full Article U.S. Private Sector Employment Increases More Than Expected In September Employment in the U.S. private sector increased by more than expected in the month of September, according to a report released by payroll processor Automatic Data Processing, Inc. (ADP) on Wednesday, although the pace of job growth remains moderate. (Oct 5, 2011) Full Article Forex Top Story Australia Retail Sales +0.6% In August Retail sales in Australia climbed a seasonally adjusted 0.6 percent on month in August, the Australian Bureau of Statistics said on Wednesday, standing at A$20.812.7 billion. (Oct 5, 2011) Full Article Moody's Downgrades Italy's Bond Rating By Three Notches Moody's Investors Service said it is downgrading Italy's government bond ratings by three notches amid concerns over the material increase in long-term funding risks to euro area sovereigns. (Oct 5, 2011) Full Article Eurozone Retail Sales Decline Amid Debt Worries Retail sales in Eurozone fell for the first time in three months in August as consumers turned reluctant to spend amid lingering debt woes in the region. (Oct 5, 2011) Full Article U.K. Q2 Growth Downgraded The U.K. economy logged weaker than expected growth in the second quarter, raising chances of additional quantitative easing from the central bank in order to underpin the fragile recovery. (Oct 5, 2011) Full Article Commodities Gold Eases Near $1,600 Amid Steady Dollar The price of gold was moving lower Wednesday morning as the U.S. dollar was steady versus a basket of currencies ahead of ADP private sector employment data. (Oct 5, 2011) Full Article Crude Rebounds From Yearly Low Ahead Of ADP Data The price of crude oil was rebounding from its one-year low Wednesday morning as traders await cues from ADP private sector employment data. (Oct 5, 2011) Full Article Political News Boehner: Senate Currency Bill 'Pretty Dangerous' John Boehner, Speaker of the U.S. House of Representatives and a top Republican, has criticized the Senate decision to go ahead with a currency bill aimed punishing China for undervaluing its currency, stressing that it was "pretty dangerous" for the Congress to tell other countries how to run their monetary policy. (Oct 5, 2011) Full Article Haiti Senate Confirms Garry Conille As New Prime Minister Haiti's Upper House of Parliament, the Senate, voted late Tuesday to confirm Garry Conille as the country's new Prime Minister, ending a five-month-long political stalemate in the quake-ravaged country. (Oct 5, 2011) Full Article Greece Hit By Another General Strike Over Austerity Measures Life in Greece remained paralyzed on Wednesday due to another general strike called by the country's leading public-sector workers' unions to protest the latest round of austerity measures announced by the Socialist government to secure the next tranche of a bailout loan agreed last year. (Oct 5, 2011) Full Article Currency Alerts Australian And NZ Dollars Decline On Risk-aversion The Australian and New Zealand dollars weakened against the greenback and the yen on Wednesday morning in Asia as risk-off sentiments resurfaced in the market after Moody's Investors Service downgraded Italy's government bond ratings to A2 from Aa2, with a negative outlook. (Oct 5, 2011) Full Article Yen Strengthens As Risk-appetite Wanes On Moody's Italian Downgrade Erasing most of late New York session losses, the Japanese yen edged higher across the board in early Asian deals Wednesday as an Italian downgrade by Moody's propelled risk-averse traders to move into safer assets. (Oct 5, 2011) Full Article Euro Steady After Eurozone Retail Sales, PMI Data The euro that weakened against its major rivals in Asian trading following Moody's downgrade of Italy leveled off in early European deals Wednesday (Oct 5, 2011) Full Article Pound Mixed Against Majors The pound that eased after a weaker-than-forecast GDP data showed mixed performance in early trading on Wednesday. (Oct 5, 2011) Full Article General News 18 Mexican Police Officers Held Over Suspected Drug Cartel Links Security forces in Mexico have arrested 18 police officers suspected of working as agents for the notorious Zetas drugs cartel, the country's Navy Secretariat said late on Tuesday. (Oct 5, 2011) Full Article Riot In Saudi Province Leaves 14 Injured Fourteen people, including 11 security personnel, were injured in a riot that erupted in oil-rich Saudi Arabia's eastern province of Qatif on Monday night. (Oct 5, 2011) Full Article Japan To Go Ahead With Annual Antarctic Whale Hunt Japan has confirmed plans to go ahead with its annual whale hunt in Antarctic waters later this year despite threats of harassment from anti-whaling activists and objections from several countries. (Oct 5, 2011) Full Article | 
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