Wednesday, May 23, 2012 10:37 AM SAST

GDP

The gross domestic product (GDP) or gross domestic income (GDI) is a basic measure of a country's overall economic output. It is the market value of all final goods and services made within the borders of a country in a year.

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Asian Shares
Asian Stock Markets Fall Amid Greek Exit Fears

By IBTimes

Asian stock markets declined Wednesday as renewed concerns of Greece's probable exit from the euro zone dampened sentiment. (9:20 am)

MORE TOPICS: NINTENDO, DOW JONES, JAPAN, SOUTH KOREA, SONY

The word "Yen" is pictured on a Japanese bank note at Interbank Inc. money exchange in Tokyo
Japan’s Trade Deficit Rises In April Amid Increasing Oil And Gas Imports

By IBTimes

Japan reported Wednesday a rise in trade deficit in April compared to a year earlier as the nuclear energy crisis has resulted in the increase of oil and gas imports. (8:17 am)

MORE TOPICS: JAPAN, EARTHQUAKE, BANK OF JAPAN, TRADE BALANCE, TSUNAMI

Austaralia is world's happiest nation, according to OECD Better Life Index
Australia Tops OECD Better Life Index of Industrialised Nations

By IBTimes UK

Australia ranks as world's happiest nation in OECD Better Life Index - ahead of Norway and US. (7:02 am)

MORE TOPICS: UNEMPLOYMENT, MANUFACTURING, AUSTRALIA, INVESTMENT

Australian Stock Exchange
Australian Stock Market Report – Midday 5/23/2012

By Comsec

Yesterday, the Australian share market improved for the second straight day, with The All Ordinaries Index (XAO) up over 49 points to 4,173 points. But in morning trade today the market fell back into the red. (5:27 am)

MORE TOPICS: GOLD, EXISTING HOME SALES, TWITTER, FACEBOOK, JAPAN, AUSTRALIA

Euro Staggers with Worsening Greek Crises
Australian Dollar Outlook - 05/23/2012

By IBTimes AU

Bell FX Currency Outlook: This morning the Australian dollar is over a US cent lower, currently trading at USD0.9790 after comments about the possibility of Greece leaving the Euro currency resulted in risk aversion trading, and in turn, a fall in the AUD. (2:13 am)

MORE TOPICS: AUSTRALIA, FTSE, CHINA, DOW JONES, WESTPAC, GERMANY, EUROPEAN UNION

Ukraine’s Unexpected Rise in House Prices, Amidst Economic Slowdown and Political Tension

By Global Property Guide

House prices in Kiev, Ukraine’s capital, rose sharply during the year to April 2012. But market experts doubt this can be sustained, with the economy slowing, and a political crisis over the incarceration of former prime minister Yulia Tymoshenko. (1:21 am)

MORE TOPICS: POLAND, UKRAINE

International Monetary Fund's Managing Director Christine Lagarde
IMF's Christine Lagarde tells UK: 'Growth Too Slow' [NEWS VIDEO]

By IBTimes UK

The British government and the Bank of England must do much more to stimulate growth in the country's economy, the IMF's Christine Lagarde said. (6:30 pm)

MORE TOPICS: UNEMPLOYMENT, IMF, BANK OF ENGLAND, INTERNATIONAL MONETARY FUND, LONDON

London Session: Waiting for the EU summit

By Forex.com

Trading in the London Session was choppy with the market unwilling to take any clear direction as we lead up to tomorrow's informal EU summit. The market toyed with the idea of Eurobonds (they like that idea and risk assets may rally tomorrow on any signs they are on the horizon. (6:30 pm)

MORE TOPICS: GOLD, IMF, EXISTING HOME SALES, GERMANY, TWITTER, JAPAN

Commodities Sink as OECD Cuts Eurozone, China Growth Outlook

By DailyFX

Commodity prices are trading broadly lower in Europe, with investors seemingly taking their risk appetite cues from a downward reversal in S&P 500 stock index futures rather than well-supported regional shares. (4:51 pm)

MORE TOPICS: CHINA, GOLD, CRUDE OIL, MANUFACTURING, TWITTER, COPPER

China commodities metal demand
China Commodities and Metal Demand To Ignite in H2 2012

By IBTimes UK

Despite disappointing April data showing a slowdown in China iron ore, coal, copper and other commodities demand, analysts tell IBTimes UK that there is nothing to worry about (4:38 pm)

MORE TOPICS: COPPER, CHINA, CHINA, BARCLAYS, COPPER, INVESTMENT, AUSTRALIA