| Economic News Thai Central Bank Cuts 2011 GDP Outlook On Floods Thailand's central bank on Friday slashed its growth projections for this year, saying the widespread floods are seriously disrupting agricultural production as well as manufacturing activity. (Oct 28, 2011) Full Article    Spain Q3 Jobless Rate Rises Further Spain's unemployment rate in the third quarter reached its highest level since 1996, the statistical office INE said Friday. (Oct 28, 2011) Full Article Russia Holds Key Interest Rate As Inflation Cools Russia central bank on Friday decided to keep the refinancing rate unchanged at 8.25 percent as inflation continued to slow. (Oct 28, 2011) Full Article Swiss Oct. KOF Leading Index Falls More Than Expected Switzerland's leading index declined once again in October, the Swiss KOF institute said in a report on Friday. (Oct 28, 2011) Full Article German Court Suspends Powers Of Parliamentary EFSF Committee The German Constitutional Court on Friday suspended powers of a parliamentary committee that was set up for making decisions on the Eurozone bailout fund. (Oct 28, 2011) Full Article Japan's Extra Budget Likely To Lift Growth By 1.7% Japan's Cabinet Office on Friday said that the third extra budget will possibly raise the real gross domestic product growth by about 1.7 percent. (Oct 28, 2011) Full Article U.S. Personal Income Rises Less Than Expected In September Reversing a drop in August, U.S. personal incomes rebounded slightly in September, while consumer spending picked up by more than expected, according to figures released Friday by the Commerce Department. (Oct 28, 2011) Full Article Forex Top Story South Korea Current Account Surplus $3.1 Billion South Korea posted a current account surplus of $3.1 billion in September, the Bank of Korea said on Friday in a preliminary reading - remaining in the black for the 19th consecutive month. (Oct 28, 2011) Full Article Japan Industrial Output down 4.0% In September Industrial production in Japan was down a seasonally adjusted 4.0 percent on month in September, the Ministry of Economy, Trade and Industry said on Friday in a preliminary reading - falling for the first time in six months while continuing to reflect the results of the devastating earthquake and tsunami on March 11. (Oct 28, 2011) Full Article UK Consumer Confidence Falls To 32-Month Low Confidence among British consumers fell unexpectedly in October, to reach its lowest level since February 2009, with their outlook about the general economic situation becoming increasingly pessimistic, results of a key survey showed Friday. (Oct 28, 2011) Full Article Commodities Gold Edges Down Amid Steady Dollar The price of gold was leveling off from recent highs Friday morning amid a steady U.S. dollar. (Oct 28, 2011) Full Article Crude Slips Below $93 The price of crude oil was leveling off from its 3-month high amid weaker-than-expected Japanese industrial production data and a steady U.S. dollar. (Oct 28, 2011) Full Article Political News Violent Protests Follow Tunisian Elections Violent protests followed elections to Tunisia's Constituent Assembly, which was hailed by the international community as free, fair, and democratic. (Oct 28, 2011) Full Article US Calls For Substantial Cut In UN Budget The United States has called for a freeze on pay for U.N. staff "to avoid more draconian austerity measures.... in these difficult times of fiscal crisis." (Oct 28, 2011) Full Article Prince Naif Appointed Crown Prince Of Saudi Arabia Interior Minister Prince Naif bin Abdul Aziz al-Saud has been appointed Crown Prince and Deputy Prime Minister of Saudi Arabia, succeeding Prince Sultan bin Abdul Aziz who died last week. (Oct 28, 2011) Full Article EFSF Chief Says Not Expecting "Precise Outcome" From China Talks European Financial Stability Facility (EFSF) chief Klaus Regling said Friday that he did not expect a "precise outcome" from his talks with Chinese officials and investors over the Asian country's participation in Europe's bailout efforts. (Oct 28, 2011) Full Article NATO Confirms Decision To End Libya Mission The NATO has confirmed the decision taken by the North Atlantic Council a week ago on ending its operations in Libya on October 31. (Oct 28, 2011) Full Article Currency Alerts Australian Dollar Falls Against Majors During Asian trading on Friday, the Australian dollar slipped against its major counterparts despite rising equities. (Oct 28, 2011) Full Article Swiss Franc Declines Against Majors Erasing some of yesterday's gains, the Swiss franc traded lower against other major currencies in intra-day European deals Friday and the lower-than predicted Swiss leading index stretched its sell-off further. (Oct 28, 2011) Full Article Dollar Gets A Breather After Recent Drubbing The dollar steadied Friday morning after suffering significant losses earlier in the week amid renewed confidence that Europe has taken concrete steps toward ending its sovereign debt crisis. (Oct 28, 2011) Full Article General News US Issues Travel Alert On Flood-Affected Thailand The United States has issued a Travel Alert to guide its citizens of difficulties related to travel in the flood-affected areas of Thailand. (Oct 28, 2011) Full Article Phase-out Of Leaded Petrol Brings Huge Health And Cost Benefits, Study Says Ridding the world of leaded petrol, with the United Nations leading the effort in developing countries, has resulted in $2.4 trillion in annual benefits, 1.2 million fewer premature deaths, higher overall intelligence and 58 million fewer crimes, according to a UN-supported study report released on Thursday. (Oct 28, 2011) Full Article IAEA: Damaged Japanese Reactors Stabilizing, Radiation Decreased The International Atomic Energy Agency (IAEA) says that it has noticed a decreasing trend in radiation released by the quake-wrecked nuclear power plant in Japan, and that its operator Tokyo Electric Power Company (TEPCO) has taken an important step in stabilizing the damaged reactors by bringing the temperatures below 100 degrees Celsius. (Oct 28, 2011) Full Article EU Radio Spectrum Policy Deal Approved A deal on an ambitious EU radio spectrum policy, designed to stimulate mobile broadband use and boost economic growth, was approved by the Council of Ministers on Friday. (Oct 28, 2011) Full Article Mexico Drug Cartel's Female 'Accountant' Held A woman, alleged to be a financial operator for the feared Zetas drug cartel in Mexico, has been detained, reports quoting officials said on Thursday. (Oct 28, 2011) Full Article | 
06:04
AutoForexTradingPro
