Bank of Japan's Nishimura Warns China Entering "Danger Zone", Spanish Bond Yields Are Uncomfortably High

Latest British economic news we reporting, U.K. Public Finances Log Surprise Deficit In July, headline today U.K. public finances unexpectedly resulted in a deficit in July due to decline in tax receipts as well as an increase in spending, the latest figures from the Office for National Statistics showed Tuesday

Meanwhile from Tokyo banking sector, Bank of Japan leader Nishimura Warns China Entering "Danger Zone", Bank of Japan Deputy Governor Kiyohiko Nishimura said on Tuesday that China is now entering the "danger zone", citing a combination of demographic change, a property price bubble, and a steep loan growth, which increases the risk of financial crisis in a country, and of course it can be sistemic to all over the world crisis

From Madrid economic news we reporting, Spanish Borrowing Costs Ease On European Central Bank Intervention Hopes, Spain saw a steep decline in borrowing costs at an auction on Tuesday amid speculation that the European Central Bank would resume its purchase of peripheral bonds.

But further, markets are also hopeful that a series of bilateral meetings between key Eurozone leaders may produce a lasting solution to the region's prolonged sovereign debt crisis. Despite the easing borrowing costs, the Spanish bond yields are uncomfortably high