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Australian Retail Sales Down 0.6 Percent in May
Monday, 04 July 2011 05:32

Retail sales data (retail sales) Australia showed a decline of 0.6 percent in May compared with the previous month, to 20.611 billion Australian dollars. The number is missed much of the economists who predicted earlier. Following an increase of 1.2 percent (after revision) in April, economists expected sales in May rose 0.3 percent.

However, in trend terms, retail sales still rose 0.3 percent starting in May.

Specified according to components of the data, retail in the food category rose 0.4 percent, followed by other retail 0.7 percent, 0.1 percent of household goods, clothing and personal accessories 0.2 percent, department stores 0.2 percent, while retail cafes, restaurants and fast food rose 0.1 percent.

 
Australian Building Approvals sales drop in May
Monday, 04 July 2011 05:27

The total number of building permits (building approvals) in Australia dropped 7.9 percent in May compared with the previous month, to 12,290. The actual numbers to data released Australian Bureau of Statistics (ABS) is much lower than expected by economists. Following a 1.3 percent decline in April earlier, economists forecast a decline for the month of May only about 0.5 percent.

Compared to last year, the number of data is much more muddy again. Building approvals were reported down 14.4 percent compared with May 2010. Economists predict a decrease of only about 5.6 percent following 11.5 percent in the previous month.

Detailed data showing the number of occupancy permits for the private sector increased 0.7 percent in May, after declining 2.3 percent recorded in the previous month. As for non-residential building fell 20.1 percent, contrasted with an increase of 7.9 percent in April.

 
AUD Strengthens To Highest Level In two weeks $ 1.0706
Thursday, 30 June 2011 06:32

Australia dollar (AUD) rose to a two-week highs against the dollar. AUD strengthens for a third day as traders bet that the Reserve Bank of Australia (RBA) will cut its interest rates in the 12 months ahead.

New Zealand currency climbed toward a record against the dollar over optimism that European officials would support further assistance for Greece, encourage the demand for riskier assets.

AUD valued at $ 1,0706 at 10: 08 a.m. in Sydney from $ 1,0683 in New York yesterday after the rise to $ 1,0711, the highest since June 15. Against the Yen, AUD traded at ¥ ¥ 86,29 86,38 from 86,41, and reached the largest since June 6.

New Zealand dollar (NZD) up 0.4% to 82,82 cents us, having reached 82,92 cents, the highest since June 9. NZD rose 0.2% to ¥ 66,83.

 
Obama Says Ending The Tax Relief For The Wealthy Are Not Radical
Thursday, 30 June 2011 06:27

President Barack Obama said it is not a radical idea to end tax relief to oil producers who are rich and high productive as well as the gas company.

Speaking at a press conference at the White House, Obama says the Government cannot reduce deficits by keeping all the tax relief today. Obama said if millionaires and billionaires to get the right to keep their taxes remain low, senior citizens and the poor will bear the brunt of the burden of the additional cuts.

White House pushes some increased taxes on the rich or the removal of tax cuts for big corporations and wealthy people as part of a deficit-cutting plan was negotiated with bipartisan members of Parliament.

 
The Central Bank Of America Check Mortgage Notes Was From Ally Financial
Thursday, 30 June 2011 06:26

Ally Financial says it received was from the Central Bank of America mortgage finance due to record the lender expects the cost of $ 100 million to mortgage losses.

Ally Financial says it has received a summons from federal investigators look into mortgage fraud. The company also said it would take a charge of $ 100 million in the second quarter in the payment to cover their losses on mortgage securities.

Companies in Detroit was revealed in the investigation with the payment of federal regulators. The filing is part of the Ally to sell shares to the public.

The American Government has 74 percent of Ally Financial, which got in exchange for a bailout of $ 17.2 billion.

 
Asian Currencies Strengthened Along With The Plan Of The Debt Roll-Over Greece
Tuesday, 28 June 2011 05:36

Asian currencies rose, led by Malaysian ringgit Malaysia and Won South Korea (Rok) related optimism Greece creditors who agree to extend the maturity of the debt.

Won rose 0.4% to 1, 081.15 per dollar at 11: 11 a.m. in Seoul. While the Malaysian ringgit rose 0.5% to 3,0455, while the Taiwan dollar rose 0.4% to NT $ 28,898 and the Philippine peso strengthened 0.1% to 43,563.

According to a Bloomberg Economist 17 surveyed, Taiwan will lift interest rates of reference amounting to 12.5 basis points (bps) to 1.875 on June 30. Inflation will reach the Carousel 4.3% this month, compared with 4.1% in May. Consumen Price Indez Indonesia (CPI) will drop the fifth month in the month of June

 
Member of German Parliament approve the Resolution Help Greek
Friday, 10 June 2011 10:29

Members of German parliament on Thursday night agreed on a joint motion for a resolution demanding the participation of private creditors in the future assistance to Greece, said several participants.

The representatives of the three parties in the center-right coalition of Chancellor Angela Merkel's new aid package of agreed treaties, some of them said the parliamentary group said the meeting ended.

 
Fed's Lockhart: QE3 Possible Growth Will Not Happen While Looks Weak
Friday, 10 June 2011 10:26

dennis_lockhartThe U.S. economy looks increasingly weak and little can be done to improve the work of the Federal Reserve, Atlanta Federal Reserve President Dennis Lockhart said on Thursday.

Speaking in his office in Atlanta, Lockhart said he had recently revised its economic growth forecast this year with a disappointing performance considerations in the first half.

However, he said conditions are very different now than when the Fed launched a second round of purchases of bonds, the quantitative easing program designed to stimulate the economy, known as the QE2.

 
ECB's Trichet Reject Participation In Greek Bailout
Friday, 10 June 2011 10:22

ecbEuropean Central Bank President Jean-Claude Trichet refused direct participation of the ECB in the second bailout Greece, increasing clashes with the government as they rush in creating solutions that involve investors.

As politicians try to find a plan until June 24 which will share in the cost of new rescue with bondholders, ECB's Trichet yesterday ruled out, based in Frankfurt to make an example with their own assets. While the state banks could accept a plan where the investor voluntarily agrees to buy Greek bonds to replace maturing debt, Trichet said the ECB has no intention of rolling over the ownership of the Greek itself.

 
Inflation German Consumer Prices May Start Slowing According Estimates
Friday, 10 June 2011 10:19

inflasiInflation German Consumer Prices May Start Slowing According Estimates

German inflation rate slowed in May as it has been estimated previously.

Final CPI data released by the Federal Statistical Office today (10 / 6) showed consumer prices index (CPI) increased 2.3 percent compared to Germany in May last year, down slightly from 2.4 percent recorded for the previous April, but still above the 2 percent target. In a monthly basis, the CPI showed a flat trend.

 
China's Trade Balance Surplus 13.05 bln in May
Friday, 10 June 2011 10:15

china-growthJune/10 - China's trade surplus in May rose to 13.05 billion dollars from the previous 11.4 billion dollars in April. Figures surplus, however, much lower than expectations of economists who had predicted a surplus of about 19.8 billion dollars.

Detailed data showed, exports increased by 19.4 percent y / y in May to 157.16 billion dollars. While imports jumped 28.4 percent to 144.11 billion dollars. In previous March, exports rose 29.9 percent was recorded, while imports rose 21.8 percent.

The low number of surplus than expected by economists is the impact of declining global demand resulted in slowing of Chinese exports.

 
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