RBA Unexpectedly Holds Rates, Leaves Door Open to Cut
Australia's central bank held its cash rate steady at 4.25 percent on Tuesday, a surprise to many who had thought it would cut rates, though it did leave the door open to an easing in coming months if the economy weakened.
German retail sales unexpectedly fall in December
BERLIN (Reuters) - German retail sales fell unexpectedly in December, suggesting Europe's debt crisis unsettled consumers during key Christmas trade, although economists said they expected the preliminary data to be revised upwards. The notoriously volatile indicator fell 1.4 percent in real terms on the month, and 0.9 percent on an annual basis, data from the Federal Statistics Office showed ...