Putin to face first challenge on his way to election

Note: This section contains information in English only.
Source: Bloomberg
Russian voters may prompt PM Vladimir Putin from holding the power and boosting public spending. United Russia party led by Putin may get only 53% of votes in parliamentary elections on December 4 to compare with 64% in 2007. Therefore United Russia party may lose nearly 65 seats in the State Duma. Voters are dissatisfied with leading parties inability to tackle high levels of corruption and stimulate wage growth. 
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Fri, 02 Dec 2011 07:40:10 GMT

Ausie and Kiwi gain ahead of US jobs report

The New Zealand and Australian dollars experienced increase on Friday and posted substantial weekly advance against their major peers as US statistics is going to publish data on increasing employment level. Aussie has climbed 5.3% on weekly basis and traded at $1.0221 on Sydney trade while Kiwi has added 5.3% since November 25 and traded at $0.7800. AUD/USD currently is

Fri, 02 Dec 2011 07:38:18 GMT

S&P downgrades Australian major banks

Standard & Poor's after revision of its criteria downgraded Commonwealth Bank of Australia and three its most significant competitors. Westpac Banking Corp, Commonwealth, National Australia Bank Ltd. and Australia & New Zealand Banking Group  Ltd. were downgraded on level from AA to AA-. Chirs Viol UBS AG' credit analyst suggests it still is a good rating as it keeps Australian banks among top rated financials globally. 

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