The Reserve Bank of New Zealand (RBNZ) on Thursday kept its official cash rate at the historic low of 2.5 percent despite an estimated economic growth rate of at least 3 percent, citing global volatility.
U.S. stocks pulled back on Wednesday after continued record runs, as investors took profits off the table following the Federal Reserve’s policy announcement.
<a href=’http://news.xinhuanet.com/english/business/2013-10/30/c_132842411.htm’ target=’_blank’>U.S. home prices rise vigorously in August</a>
U.S. home prices posted their strongest gain in August for more than seven years, according to S&P/ Case-Shiller Home Price Indices released Tuesday.
<a href=’http://news.xinhuanet.com/english/business/2013-10/29/c_132838688.htm’ target=’_blank’>Apple’s earnings beat forecasts, but gross margin guidance disappoints market</a>
Apple Inc. Monday announced company’s revenue and profit beat expectations, but gross margin guidance for the next quarter fell short of market estimates.
<a href=’http://news.xinhuanet.com/english/business/2013-10/23/c_132821522.htm’ target=’_blank’>S&P sets another all-time high after September job report</a>
S&P 500 continued to jump to uncharted territory Tuesday, as investors expected in general that the U.S. Federal Reserve would keep its stimulus in place following the long-delayed September non-farm payrolls report.
<a href=’http://news.xinhuanet.com/english/business/2013-10/22/c_125574701.htm’ target=’_blank’>Italy to start slow recovery in Q4: report</a>
A slow recovery is expected to start in recession-hit Italy from the last quarter of this year, according to the Bologna-based Prometeia think tank.
<a href=’http://news.xinhuanet.com/english/business/2013-10/21/c_132816224.htm’ target=’_blank’>Australian business owners at their most confident since December 2010: survey</a>
Australian business owners are at their most confident since December 2010, according to the October 2013 ACCI Survey of Investor Confidence from the Australian Chamber of Commerce and Industry on Monday.
Water-levels at Poyang Lake, China’s largest freshwater lake, have dropped below 10 meters during its annual dry season. [File photo]
Water-levels at Poyang Lake, China’s largest freshwater lake, have dropped below 10 meters during its annual dry season, exposing its grassland lakebed, affecting wetland vegetation growth and the over-wintering of wild fish and migratory birds, CRI Online reports.
While an official at the Jiangxi Hydrologic Bureau said that rainfall shortages in the region can be part of the reason why the levels are so low, experts have noted that, over a 50-year period, Poyang Lake’s dry season has advanced gradually over time.
The planetesimal station at the lake recorded its water-levels dropping 9.98 meters, four meters lower than the average levels for this time of year.
The Spanish non-performing loan rate rose to a new high of 12.12 percent in August from 11.97 percent in July, according to data published on Friday by the Bank of Spain.
<a href=’http://news.xinhuanet.com/english/china/2013-10/18/c_132809437.htm’ target=’_blank’>China’s retail sales up 12.9 pct in first 9 months</a>
China’s retail sales grew 12.9 percent year on year to 16.88 trillion yuan (2.75 trillion U.S. dollars) in the first three quarters of this year, the National Bureau of Statistics (NBS) said Friday.