Monti proposes $ 40 bn austerity measures

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Source: Bloomberg

On Sunday Italian premier Mario Monti's government anticipated emergency austerity measures valued at €30 bn. According to Italian Cabinet's statement, the package consists of proposals aimed at stimulating growth worth €10bn as well as €20bn of structural measures that should be implemented by the end of 2014. The decision comes ahead of European summit due December 9.

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Mon, 05 Dec 2011 08:09:41 GMT

China to continue home purchase restriction

China plans to extend real estate growth's tightening policies after expiration of the current one, according to China's Ministry of Housing and Urban-Rural Development. Last year over 48 cities issued limitations on the number of houses the person can buy to combat speculation and booming prices. Analysts expected China to ease its property restriction measures as a part of fine-tuning of macroeconomic policies to adjust

Mon, 05 Dec 2011 08:09:09 GMT

Shale gas may raise energy independence

A rapid increase in shale gas output helped US to raise natural gas supplies to a high level in recent years thus allowing the country sustain adequately low prices and enhancing the country's energy independence.  US natural gas storage approached to record of 3.852 trillion cubic feet, reported the Energy Information Administration. The expansion of shale gas production can result in revolution in energy sector

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