Wednesday, January 25, 2012

Quick Overview

  • The U.S. economy has been "expanding moderately", so the Fed's expects to keep rates low through "late 2014"

  • The Department of Energy said: crude oil stocks rose by 3.6 million barrels in the week ending January 20. Gasoline stocks fell by 0.4 million. Distillate stocks fell by 2.5 million barrels.

  • Britain's economy grew 0.9% during 2011.

  • S. Korea’s GDP expanded 0.4 % in Q4, slower than a revised on-quarter growth rate of 0. 8% in Q3.

  • New Zealand's central bank left the interest rate unchanged at 2.5 percent.

  • Singapore's CPI eased slightly to 5.5 % in December from 5.7 percent in the previous month.

  • "To infinity and beyond!" is the theme of Gingrich's latest campaign pitch: a lunar colony within eight years.

  • Africa and Asia are moving ahead of Europe in the development of their digital infrastructure according to the head of France's largest telecommunications equipment supplier.

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