Thursday, March 29, 2012

QUICK OVERVIEW

  • U.S. First time claims for unemployment benefits fell by 5,000 to 359,000 in the week ending March 24.

  • US GDP (gross domestic product) grew at an annualized rate of 3.0%.

  • British service sector grows 0.2% in January.

  • France's GDP grows 1.7% in 2011.

  • (Independent) Fires raging unchecked in an Indonesian peat swamp forest could wipe out the remaining Sumatran orangutans which live there, conservationists are warning. The forest is one of the last refuges of the great apes. The illegal fires, started by palm-oil companies clearing land to plant the lucrative crop, are believed to have killed at least 100 orangutans.

  • Bank of Spain predicted that the Spanish economy will continue in recession and unemployment will continue to rise in the first quarter of 2012 - an estimated 900,000 people took to the streets in Madrid.

  • Seasonal fishing bans will be imposed on the Pearl River and the middle and lower reaches of the Yangtze River in April. The move is part of China's efforts to rescue its declining wild fishing resources, and is in addition to bans in six other provinces and regions.

  • (Bloomberg) Copper traders are the most bearish in two months after stockpiles tracked by the biggest metals bourse rose for the first time in five weeks.

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