Xinhua Beijing, April 29 Power International Finance week Highlights (April 22-April 28)
April 22
IMF and World Bank 2012 spring meeting in Washington closed. Meeting to make decisive progress in expanding the scale of IMF funds, the organization member states the amount of the capital increase commitment to a total of over 430 billion U.S. dollars of loanable funds has almost doubled.
April 23
Eurostat published figures showing that the proportion of 2011 the euro area's fiscal deficit gross domestic Product (GDP) dropped to 4.1 percent from 6.2 percent in the previous year.
Sino-German Business Summit, held at the Hannover Exhibition Center. Chinese Premier Wen Jiabao and German Chancellor Angela Merkel attended the summit opening ceremony and delivered a speech, about 400 Chinese and German political and business representatives attended the Summit to share and discuss.
The Dutch government confirmed that Prime Minister the Mark Lvte has the Queen to submit the resignation of the Cabinet means the collapse of the ruling a year and a half of the current government. In order to meet the requirements of the EU member states budget deficit to gross domestic product ratio to be reduced to less than 3% ceiling, the Dutch government and all political parties of up to seven weeks of deficit reduction negotiations, and ultimately failed to reach agreement.
International credit rating agencies Standard & Poor's, Argentina's sovereign credit rating outlook from "stable" to "negative" because the Standard & Poor's believes that the measures taken to restrict imports from the Argentine government and major oil companies forced nationalization measures to increase macroeconomic risks .
April 24
The data released by the U.S. Commerce Department showed U.S. new home sales in March fell 7.1 percent compared to February, the month U.S. new home sales showing the price and quantity of Qi or situation, the U.S. housing market is still in a difficult adjustment.
French left-wing Socialist Party presidential candidate Francois Hollande reiterated its opposition to long-term implementation of the austerity policy, and said that if he is elected President of France, signed by the EU in early March this year, "financial contract" to renegotiate.
April 25
Office for National Statistics announced that, according to preliminary statistics, the United Kingdom in the first quarter GDP shrink by 0.2%. Because the fourth quarter of last year the UK economy had shrunk by 0.3 percent, the introduction of the latest data means that the UK economy into recession.
Standard & Poor's to India's sovereign credit rating outlook from stable down to negative because of the slowdown in investment and economic growth in India, the current account deficit increased, while India's political environment is not conducive to the Government to improve the financial and macroeconomic indicators.
The data released by the U.S. Commerce Department showed that U.S. factory orders for durable goods in the previous month after rising 1.9 percent, the ring the ring in March fell 4.2 percent. However, if the deduction of the volatile transportation equipment, U.S. factory orders for durable goods ring in March fell 1.1 percent.
April 26
Bank of Korea said the first quarter of this year, Korea's actual gross domestic product (GDP), the chain growth of 0.9 percent, an increase of 2.8%, an increase of the minimum value of the highest since the third quarter of 2009.
Standard & Poor's announced that Spain's long-term sovereign credit rating down two from the previous A down to BBB +, outlook negative. Standard & Poor's believes that the risk of rising proportion of gross domestic product (GDP) rose further in view of the Spanish economy shrank by the status quo, the country's budget deficit accounted for.
April 27
Japan's central bank decided that an additional monetary easing measures, the scale of funds for assets acquired 5 trillion yen (U.S. $ 61.6 billion) to 70 trillion yen (U.S. $ 863.7 billion). In addition, as the inter-bank benchmark interest rate, the uncollateralized overnight call rate is maintained at zero to 0.1% of the ultra-loose level.
The U.S. Commerce Department released data for the first time estimate, said the first quarter of this year, U.S. real gross domestic product (GDP) growth of 2.2 percent at an annual rate. This increase was lower than the market had widely predicted 2.5 percent, also less than 3% in the fourth quarter of last year. Private inventory investment and fixed investment of non-residential housing decline was partially offset by the growth of personal consumption and exports, is the main reason for the slowdown in U.S. economic growth in the first quarter of this year.
Standard & Poor's cut Spain's long-term sovereign credit rating, a spokesman for the European Commission in Brussels said the EU believes that the Spanish Government to achieve its 2012 and 2013 to reduce the fiscal deficit target.
(Xinhua)
April 22
IMF and World Bank 2012 spring meeting in Washington closed. Meeting to make decisive progress in expanding the scale of IMF funds, the organization member states the amount of the capital increase commitment to a total of over 430 billion U.S. dollars of loanable funds has almost doubled.
April 23
Eurostat published figures showing that the proportion of 2011 the euro area's fiscal deficit gross domestic Product (GDP) dropped to 4.1 percent from 6.2 percent in the previous year.
Sino-German Business Summit, held at the Hannover Exhibition Center. Chinese Premier Wen Jiabao and German Chancellor Angela Merkel attended the summit opening ceremony and delivered a speech, about 400 Chinese and German political and business representatives attended the Summit to share and discuss.
The Dutch government confirmed that Prime Minister the Mark Lvte has the Queen to submit the resignation of the Cabinet means the collapse of the ruling a year and a half of the current government. In order to meet the requirements of the EU member states budget deficit to gross domestic product ratio to be reduced to less than 3% ceiling, the Dutch government and all political parties of up to seven weeks of deficit reduction negotiations, and ultimately failed to reach agreement.
International credit rating agencies Standard & Poor's, Argentina's sovereign credit rating outlook from "stable" to "negative" because the Standard & Poor's believes that the measures taken to restrict imports from the Argentine government and major oil companies forced nationalization measures to increase macroeconomic risks .
April 24
The data released by the U.S. Commerce Department showed U.S. new home sales in March fell 7.1 percent compared to February, the month U.S. new home sales showing the price and quantity of Qi or situation, the U.S. housing market is still in a difficult adjustment.
French left-wing Socialist Party presidential candidate Francois Hollande reiterated its opposition to long-term implementation of the austerity policy, and said that if he is elected President of France, signed by the EU in early March this year, "financial contract" to renegotiate.
April 25
Office for National Statistics announced that, according to preliminary statistics, the United Kingdom in the first quarter GDP shrink by 0.2%. Because the fourth quarter of last year the UK economy had shrunk by 0.3 percent, the introduction of the latest data means that the UK economy into recession.
Standard & Poor's to India's sovereign credit rating outlook from stable down to negative because of the slowdown in investment and economic growth in India, the current account deficit increased, while India's political environment is not conducive to the Government to improve the financial and macroeconomic indicators.
The data released by the U.S. Commerce Department showed that U.S. factory orders for durable goods in the previous month after rising 1.9 percent, the ring the ring in March fell 4.2 percent. However, if the deduction of the volatile transportation equipment, U.S. factory orders for durable goods ring in March fell 1.1 percent.
April 26
Bank of Korea said the first quarter of this year, Korea's actual gross domestic product (GDP), the chain growth of 0.9 percent, an increase of 2.8%, an increase of the minimum value of the highest since the third quarter of 2009.
Standard & Poor's announced that Spain's long-term sovereign credit rating down two from the previous A down to BBB +, outlook negative. Standard & Poor's believes that the risk of rising proportion of gross domestic product (GDP) rose further in view of the Spanish economy shrank by the status quo, the country's budget deficit accounted for.
April 27
Japan's central bank decided that an additional monetary easing measures, the scale of funds for assets acquired 5 trillion yen (U.S. $ 61.6 billion) to 70 trillion yen (U.S. $ 863.7 billion). In addition, as the inter-bank benchmark interest rate, the uncollateralized overnight call rate is maintained at zero to 0.1% of the ultra-loose level.
The U.S. Commerce Department released data for the first time estimate, said the first quarter of this year, U.S. real gross domestic product (GDP) growth of 2.2 percent at an annual rate. This increase was lower than the market had widely predicted 2.5 percent, also less than 3% in the fourth quarter of last year. Private inventory investment and fixed investment of non-residential housing decline was partially offset by the growth of personal consumption and exports, is the main reason for the slowdown in U.S. economic growth in the first quarter of this year.
Standard & Poor's cut Spain's long-term sovereign credit rating, a spokesman for the European Commission in Brussels said the EU believes that the Spanish Government to achieve its 2012 and 2013 to reduce the fiscal deficit target.
(Xinhua)
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