China permits selling foreign shares in its equity markets

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

Shanghai Stock Exchange confirmed it is ready to allow foreign companies to trade stocks. According to Xu Ming, international stocks board's vice president, trading should begin soon. Trading of overseas stocks will aid Shanghai Stock Exchange to become worldwide financial center in 10 years. Listing in China's stock exchange would provide overseas firms with access to Chinese yuan and increase their market value.

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Mon, 14 Nov 2011 08:01:17 GMT

Malaysia economy likely to grow at 5% in 2011

According to PM Najib Razak, despite global slowdown, Malaysian economy is expected to grow around 5% this year. Malaysia is predicted to accelerate in 3rd and 4th quarter after growing 4.6% in the 1st and 2nd quarter. PM Najib suggested that country is less export dependent on euro-region and slowdown in Europe will not have critical impact on Malaysia.

Mon, 14 Nov 2011 10:12:53 GMT

US job loses claims are falling

US Labor Department announced initial claims for unemployment benefits decreased by 10000 to 390000. MarketWatch predicted it to be 398000. However, the situation in the country is still difficult as only 80000 job places were created in October while 250000 jobs per month are necessary to satisfy natural increase in labor force. US unemployment rate is 9% in October.

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