Front Page: Consumer Goods in Korea Most Expensive in the World

9th November 2011



China's inflation eases to 5.5% in Oct

China's consumer price index (CPI), the main gauge of inflation, rose 5.5 percent year-on-year in October, weakening from September's 6.1 percent, the National Bureau of Statistics (NBS) said on Wednesday. China Daily


Russia: WTO accession documents could be ready in 2 days

The package of documents on Russia's entry into the WTO could be ready in the next two days, the Russian presidential aide told a news briefing earlier today. Voice of Russia


Rupee hits 2-week low against dollar

The Indian rupee fell to a two-week low of Rs 49.75 per US dollar in early trade on the Interbank Foreign Exchange on Wednesday, shedding 28 paise on sustained demand for the American currency from banks and importers. Times of India


Crisis in Greece affects sales of marble to Brazil

The crisis in Greece already has had an impact on the sale of luxury goods, such as marbles to Brazil. O Globo


Moody's changes outlook on SA government debt ratings

Move by rating agency reflects heightened political risk in the context of more constrained public finances. Business Day


Developed Markets


New records of the spread rate of BTP at 503 nearly 7% share

After the announcement of the resignation of Prime Minister Berlusconi the yield differential between the Bund and BTP squirts again and drags down the stock market. La Stampa


Students Pick Easier Majors Despite Less Pay

College students continue to gravitate toward liberal-arts majors despite better pay prospects for those who study engineering, science and math-disciplines deemed too rigorous for many. Wall Street Journal


Consumer Goods in Korea Most Expensive in the World

Consumer prices in Korea remain among the highest in the world. According to Consumers Korea on Tuesday, the retail prices of 48 items from electronics to food in Korea were higher than in any of the 17 countries surveyed. The Chosun Ilbo


Frontier Markets


NSE launches new index for listed firms

The Nairobi Securities Exchange, in conjunction with the FTSE International Group, on Tuesday launched a shared index series that will assess the performance of Kenyan companies that are listed on the stock exchange. Daily Nation


Malta, backing UK, Sweden against 'Tobin Tax'

Malta is backing Britain and Sweden in opposing a proposal for the EU to tax financial transactions. Malta Today


Tourist arrivals hit new record high in 2011

Sri Lanka's tourist arrivals in the first 10 months of the year has surpassed 2010's record as visitors to the island nation has continued to rise every month on a year-on-year basis since a 25-year civil war ended in May 2009. Daily Mirror


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