Day: June 7, 2012
U.S First time claims for unemployment benefits declined by 12,000 applications to 377,000 for week ended 2 June vs a revised figure of 389,000 the previous week. Estimates by analysts came in at 378,000 claims. Number of people receiving extended… Read More ›
Bank of England asset purchase facility for June was kept on hold at GBP 325b vs. est. GBP 325b vs. previous GBP 325B. Interest rate paid on commercial bank reserves was kept at 0.5 per cent. (Bank of England publication)
The People’s Bank of China cut interest rates for the first time since 2008 to 3.25 percent from 3.50 percent for the 1 year deposit rates. One year lending rates declined to 6.31 percent from 6.56 percent. (Bloomberg)
France conducted a bond auction of EUR 7.836 b today at low yields. The demand for safer haven bonds saw robust demands at the auction. The yields on the 10yr bonds fell to 2.46 percent vs 2.96 percent from the… Read More ›
Suzlon – Co. signed an expression of interest (EoI) for a 2500 mega watt wind power project with the government of Karnataka, India worth INR 15000 cr. The project is expected to commence in 2012 and get completed by 2017.