Wednesday, 4 January 2012

24 hours of economics in 240 words! An economic snapshot number 13


For January 3rd
0:01 a.m.  Finance chiefs fear that by the end of 2012 at least one country will have left the euro.
1:04 a.m.  Singapore’s growth slowed in the last quarter, only growing 3.6% from 5.9% previously, as it’s manufacturing industry is hurt by reduced demand.
3:10 a.m.  Iran’s rial has dropped 12% against the US dollar.
5:11 a.m.  Asian stocks get off to a good start with South Korea’s rising 2.5%
10:15 a.m. BP has asked for Halliburton to pay for the damages from the Gulf of Mexico oil spill.
Could Iran have plans for nuclear weapons?
10:20 a.m. France is convinced Iran is developing nuclear weapons and wants to impose stricter sanctions on them.
10:35 a.m. Britain’s manufacturing rose to 49.6 despite predictions of a fall in the number.
11:57 a.m. Sales in the PS Vita have fallen further in Japan down to weekly sales of just 72,000, from originally 325,000 units.
1:02 p.m.  Bentley saw sales rise 37%!
2:06 p.m.  Germany’s unemployment level is at a record low with the number of unemployed people in the country falling 22,000 in December.
3:51 p.m.  There are fears that 550 jobs could be lost at seafood sites as Cambrian seafood were bought by Young’s seafood limited.
4:19 p.m.  ECB names Peter Praet its chief economist.
7:06 p.m.  Spain has approved legislations to block sites trading pirated material.
7:35 p.m.  Britain urges all businesses to stop doing business with Iran!
11:20 p.m. US crude Oil prices rose, up $4.13 per barrel.

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