Monti certain on ending debt crisis

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

Mario Monti, prospective Italian PM said he is self-assured that Italy can tackle current crisis. On Wednesday Monti will meet President Giorgio Napolitano to present the new government. According to Monti, talks with political parties, employers and unions were productive and useful. All parties engaged in agreement, made their contribution to positive outcome.

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Wed, 16 Nov 2011 09:43:31 GMT

Bank of Japan downgrades its forecasts for economic growth

Bank of Japan (BOJ) has reduced its economic evaluation as worldwide slowdown hurts exports increasing Japan's vulnerability to Eurozone's debt crisis. Masaaki Shirakawa BOJ's Governor announced that central bank has decided to leave repo rate unchanged at 0.1% as well as to stick to asset purchase fund of ВҐ20 trillion ($260 bn). Fixed-rate lending package remained also untouched to stimulate commercial banks to increase lending.

Wed, 16 Nov 2011 09:43:03 GMT

Asia stock markets decline on European yields

On Wednesday Asian equities experienced a drop and were trading with small volumes. Hang Seng Index fell 1.9%, Shanghai Composite traded down 1.7%, while Nikkei Stock Average lost 0.6%.  South Korea's Kospi declined 0.6% and Australia's S&P/ASX 200 gave up 0.4%. Ben Collett Louis Capital Markets' manager suggests, currently Asian long-term investors are risk averse pushing trading volumes down.

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