Australia keeps adding jobs despite Eurozone crisis

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

In October the number of workers in Australia has been increasing for second month. Australia employers added 10100 jobs which is in line with predictions depicted in Bloomberg survey. The unemployment level was 5.2% or 0.1 percentage point lower than expected. According to Brian Redican, Macquarie Group senior economist, Australian economy is experiencing relative stability during last months.

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Thu, 10 Nov 2011 13:09:48 GMT

Greek unity talks are in disorder

Today Greece President Karolos Papoulias has scheduled meeting with George Papandreou and Antonis Samaras, as lingered arguing over new premier is threatening to assure bailout funding for protecting Greek economy. Despite the fact that Papandreou claims talks to be productive, there has been no official announcement who will lead the new unity government.

Thu, 10 Nov 2011 14:10:00 GMT

Asian stocks plummet on Italian yields

Asia stock markets descended on Thursday as Italian borrowing rates skyrocketed, rising concerns about the euro area debt crisis. Japan's Nikkei Stock Average lost 2.8%, South Korea's Kospi plunged 3.9% and Hong Kong's Hang Seng Index dropped 4.5%. China's Shanghai Composite gave up 1.1% and Australia's S&P/ASX 200 index fell 2.8%.

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