In my humble opinion, Euro is no longer a safe haven currency, European Central Bank Chief Supports Schaeuble's Super-Commissioner Plan, European Central Bank President Mario Draghi backed German Finance Minister Wolfgang Schaeuble's proposal for a "currency commissioner" and also downplayed concerns about risks from the central bank's bond buying plan. Schaeuble called for more powers to monetary and economic affairs commissioner. The super-commissioner should have the power to overview national budgets if they break deficit rules
Asian countries Philippine Rating Lifted To Near Investment Grade By Moody's, finally Rating agency Moody's Investor Service Monday upgraded the Philippines' sovereign credit rating to near investment grade and maintained the 'stable' outlook, citing the Southeast Asian country's buoyant economic performance
Latest Japan economic data, Weak Data Adds Pressure On Bank Of Japan, Japanese retail sales grew less-than-expected in September as the government subsidies for fuel-efficient car purchases came to an end, raising concerns that the economy may slide into recession and increasing the pressure faced by the Bank of Japan to loosen policy further
Bank Of England Policymakers See Weak Q4 GDP, Bank of England policymakers Charles Bean and Spencer Dale have said they expect the U.K. economy to perform relatively weak in the final quarter of 2012, following a strong recovery in the third quarter. In an interview given to Sky News on Sunday, Deputy Governor Bean warned of a weak economic growth over the fourth quarter and cautioned not to be "overexcited" by the third quarter growth
Meanwhile, latest U.S. economic data U.S. Personal Income Rises In Line With Estimates In September, Personal income in the U.S. increased in line with economist estimates in the month of September, according to a report released by the Commerce Department on Monday, with the report also showing a bigger than expected increase in personal spending
Source: rttnews
