HTC shares fall

Note: This section contains information in English only.
Source: BBC
© Scanpix/Reuters

Shares of HTC, well-known Taiwan-based smartphone producer, decreased by 7% after the company announced cut in the growth forecast. Revenue decrease was caused by increased competition and weaker demand, reports HTC. In October HTC announced a decline in revenues to T$ 125bn as compared to T$ 135.8bn in three previous moths. The company expects no growth compared to  2010.

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Thu, 24 Nov 2011 08:42:51 GMT

David Miles predicts countries may exit Euro

David Miles, policy maker at the Bank of England, suggests the uncertainty whether all 17-euro member countries will keep the common currency is constantly increasing. Euro area's crisis has damaged economic outlook for UK, Miles added. He also pointed out difficulty to predict any developments not only 6 months but also few days ahead as large number of risks are involved. 

Thu, 24 Nov 2011 08:29:35 GMT

Germany's business confidence is expected to drop

Europeans biggest economy's business confidence probably dropped in October, reaching 20-month record low, as deepening debt crisis may push Germany into recession. Economists surveyed by Bloomberg expect confidence index to fall from 106.4 to 105.2, the lowest level in 20 months. The Ifo institute will release a report today in Munich.

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