| Economic News Japanese Govt. Lowers Economic View Japan's government downgraded its economic assessment for the first time in six months, citing slowing global growth. (Oct 17, 2011) Full Article    Germany's Schaeuble: Greek Debt Write-Down Must Be Bigger Than Planned German Finance Minister Wolfgang Schaeuble said Sunday that the write-down of Greek debt through private sector involvement must be bigger than planned in the July 21 summit. (Oct 17, 2011) Full Article ITEM Club Downgrades U.K. Outlook Ernst & Young's ITEM Club on Monday cut its 2011 growth forecast for the U.K. as the additional stimulus provided by the central bank is judged to be insufficient to boost the economy in the face of debt crisis in the Europe. (Oct 17, 2011) Full Article ECB's Trichet Calls For Change In EU Treaty To Stabilize Euro Area Europe must revise its treaty to prevent spillover of debt troubles from one member state to another, European Central Bank President Jean-Claude Trichet said in interviews given to the French media over the weekend. (Oct 17, 2011) Full Article German Economic Outlook Weakens, Says Bundesbank The outlook for German economy deteriorated further on weak external demand, the Bundesbank said in its monthly report on Monday. (Oct 17, 2011) Full Article Greece 2010 Budget Deficit Revised Up To 10.6% Of GDP Greece's general government deficit for 2010 exceeded earlier estimates marginally, latest data from the Hellenic Statistical Authority showed Monday. (Oct 17, 2011) Full Article Forex Top Story G-20 Urges Europe To Fix Debt Crisis At Oct. 23 EU Summit Policy makers from the G-20 group of nations Saturday urged Europe to soon resolve their debt crisis that is hurting the global economy. (Oct 17, 2011) Full Article UK House Prices Rise Most Since February Led By South: Rightmove New sellers' asking prices for U.K. houses increased at the fastest pace in eight months in October, while the gulf in prices between the affluent southern regions and the north widened to an all-time high in the survey history, latest figures from Rightmove showed Monday. (Oct 17, 2011) Full Article Singapore Sept. Non-Oil Exports Slump Unexpectedly Singapore's non-oil domestic exports (NODX) fell unexpectedly in September, as global demand for its electronic products weakened considerably, data from the International Enterprises Singapore (IES) showed Monday. (Oct 17, 2011) Full Article Economy In Muddled Waters Despite Subsiding Recession Talks Some positive economic data released last week precluded the possibility of a double-dip recession and increased confidence in the economic recovery. (Oct 17, 2011) Full Article Commodities Gold Steady Near $1,700 The price of gold edged up near $1,700 Monday morning amid a steady U.S. dollar. (Oct 17, 2011) Full Article Crude Flat Near $87 Amid Steady Dollar The price of crude oil was little changed Monday morning as the U.S. dollar was steady against a basket of currencies. (Oct 17, 2011) Full Article Political News Nobel Laureate Fails To Win Liberia's Presidential Election In First Round This year's Nobel Peace Prize winner Ellen Johnson-Sirleaf has failed to win Liberia's presidential election in the first round, which Opposition parties alleged as fraudulent. (Oct 17, 2011) Full Article Arab League Urges Syria To Hold Talks With Opposition The Arab League has called for talks between the Syrian government and the Opposition within a fortnight as part of a bid to end months of unrest in that Middle East country. (Oct 17, 2011) Full Article Qadhafi's Bab Al-Aziziya Palace Demolished Bulldozers at the weekend began tearing down the fortress-like Bab al-Aziziya palace complex of deposed Libyan dictator Moammar Qadhafi in capital Tripoli, which forces loyal to the country's interim authorities described as the symbolic heart of the Qadhafi regime. (Oct 17, 2011) Full Article UN Chief Demands Major Economies' Credit Support To Restore Financial Stability United Nations Secretary-General Ban Ki-moon has called upon the world's major economies to shoulder greater responsibility to restore global financial stability. (Oct 17, 2011) Full Article Analyst Currency Comments Risk Appetite Cools Amid Little Catalysts - Westpac Analysts at Westpac noted on Monday that risk-appetite waned slightly despite a rally in equity markets, with little catalysts to provide fresh direction ahead of the European session. (Oct 17, 2011) Full Article Currency Alerts Canadian Dollar Climbs To Near 4-week High Against Greenback And Yen The Canadian dollar strengthened to near a 4-week high against the US dollar and the Japanese yen in the Asian session on Monday amid optimism for a resolution to the debt problems in Europe. (Oct 17, 2011) Full Article Australian And NZ Dollars Advance On Increasing Risk-sentiment The Australian and New Zealand dollars strengthened against their major rivals in early European deals on Monday as traders seek riskier currencies on hopes that Europe will find a solution to resolve its sovereign debt crisis. (Oct 17, 2011) Full Article Euro Surges Up On Easing Eurozone Debt Worries During early European deals on Monday, the euro surged up against the currencies of U.S., U.K. and Japan on hopes for policy action to resolve the eurozone debt crisis, following the meeting of G20 nations. (Oct 17, 2011) Full Article Dollar Stiffens Versus Euro, Sterling The dollar edged higher Monday morning in New York, taking back a fraction of last week's brutal losses, after the Bundesbank said the outlook for German economy deteriorated further on weak external demand. (Oct 17, 2011) Full Article General News Afghan Security Forces Foil Consecutive Militant Attacks The NATO-led International Security Assistance Force (ISAF) has said that at least three attacks against Afghan and coalition targets in eastern Afghanistan have been foiled in the past week. (Oct 17, 2011) Full Article Iran's Oil Output To Reach 5.2 Mln BPD Iranian Oil Minister Rostam Qasemi says the country's crude oil output should increase to 5.2 million barrels per day by 2015 through exploiting joint oil fields. (Oct 17, 2011) Full Article Al-Shabaab Vows To Repel Kenyan Troops' Cross-Border Raid In Somalia The al-Qaeda-linked Islamist militia al-Shabaab has threatened to repel Kenyan soldiers who have reportedly crossed into Somalia to attack insurgent strongholds. (Oct 17, 2011) Full Article EU Announces EUR 6.5 Mln Additional Fund To Pak Flood Victims The European Commission has decided to boost its funding to provide shelter, food, water and healthcare to victims of Pakistan's floods. (Oct 17, 2011) Full Article Pumping Oil From Grounded Ship Off NZ Resumed Salvage crews have resumed pumping fuel from a grounded container ship dangerously listing on a reef off New Zealand's northern coast amid a forecast of bad weather condition ahead. (Oct 17, 2011) Full Article | 
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