David Miles predicts countries may exit Euro

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP

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. 

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Thu, 24 Nov 2011 08:43:37 GMT

China opens its bond market

China plans to allow foreign investors to access its bond market and advised China's companies to expand their bond issuance overseas, said a senior central bank official. China tries to open up its bond market to internationalize yuan and decrease the country's dependence on the USD. At the moment there are more than 30 overseas investors who provided over 10 billion yuan to the China's

Thu, 24 Nov 2011 08:39:33 GMT

HTC shares fall

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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