Saturday, July 14, 2012


  • China's economy grew at “only” 7.6% in Q2
  • Chinese central bank lowered its one-year yuan deposit rate 25 basis points

  • The euro fell to multi-year lows against a range of currencies on fears of a deepening slump in Italy and Spain.
  • Statistics released by the European Central Bank (ECB) indicated that the eurozone is in a liquidity trap, economists with a German bank said
  • ECB cut its main lending rate by a ¼% to 0.75%
  • The seasonally adjusted industrial production in the 17-member Eurozone saw a 0.6% MoM rise in May.

  • Greek unemployment rose to a new record of 22.5% in April

  • Brazil's central bank cut its benchmark interest rate by half a percentage point to a record low of 8% in the eighth consecutive rate cut this year.

  • The U.S. added a meager 80,000 jobs in June.
  • The unemployment rate was unchanged at 8.2%.

  • Australia's unemployment rate rose to 5.2% in June (Reuters) -

  • Lawmakers in North Carolina, which has a long Atlantic Ocean coastline and vast areas of low-lying land, voted  to ignore studies predicting a rapid rise in sea level due to climate change and postpone planning for the consequences.

  • Macao's gross gaming revenues for the first half of this year increased 19.8 % to 148.73 billion patacas (18.59 billion U.S. dollars)

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