Wen Jiabao considers contributing to Euro bailout packages

Note: This section contains information in English only.
Source: Bloomberg
Chinese PM Jiabao said the government is considering providing financing to EFSF and ESM in order to stabilize Euro monetary union after a meeting with Angel Merkel in capital Beijing. China is evaluating possible ways how to finance bailout funds through the IMF, said PM Jiabao. China is the largest holder of foreign exchange reserves. 
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Fri, 03 Feb 2012 12:13:38 GMT

UK services PMI rises in January

The service sector of the UK started the year on the positive note with business and activity expanding at faster pace. Business Activity Index hit the 10-month high of 56.0 last month as compared to 54.0 in December's reading. The sentiment also improved as business expectations soared to more than 15-year high.

Fri, 03 Feb 2012 12:37:28 GMT

Asian stocks finish mixed on Friday

Asian share markets performed differently on Friday amid earnings reports and investors cautiousness towards upcoming US hiring data. Japan's Nikkei Stock Average dropped 0.5%, Australia's S&P/ASX 200 index slipped 0.4% and  South Korea's Kospi fell 0.6%. Chinese markets faced better session with Shanghai Composite surging 0.8% and Hong Kong's Hang Seng Index adding 0.1%. 

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