Fed to release expected interest rates

Note: This section contains information in English only.
Source: BBC

US Fed announced it plans to publish interest rates projections to improve transparency in the central bank. The move will allow the public to see how the Fed expects the rates to fluctuate in future. The Fed will include the data on the projected interest rates into the economic outlooks with the first release on 25 January.

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Wed, 04 Jan 2012 17:19:55 GMT

Qingdao Kingking Group sees mining opportunities in Africa

Qingdao Kingking Group will provide $100 million to develop copper and gold mines worldwide over the next three years. The company plans to purchase 100 square kilometers mine in Mozambique. The company's CEO explains that many European companies, which invest heavily in African energy projects, have faced difficulties due to recession thus providing China with an opportunity to invest in natural resources there.

Thu, 05 Jan 2012 09:47:06 GMT

Greece may need additional fiscal measures

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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