China to be a leader in online market

Source: China.org.cn
© Scanpix/Reuters

China plans to overtake the US becoming the world's largest online market by 2015, reports Boston Consulting Group. China's e-commerce market is expected to increase by 33% and overcome a 2 trillion Yuan threshold in transaction value by 2015 with the number of customers buying online growing to 329 million at the same period. Moreover, e-tailers will contribute 7.4% to the total retail value by 2015, being 3.3% higher than now, according to the report.

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Wed, 23 Nov 2011 13:50:57 GMT

Europe's stocks fall eying China and IMF

European share markets traded lower on Wednesday; STOXX Europe 600 index lost 0.2% to 222.87 On Tuesday it also decreased by 0.7% because of cut in US growth forecast. Today's decline was caused mainly by report of drastic decrease in China's manufacturing output and IMF's announcement about setting up a credit line aimed at preventing debt crisis in Europe.

Wed, 23 Nov 2011 14:02:16 GMT

Thomas Cook shares recover after decline

Shares of travel company Thomas Cook experienced a dramatic decline yesterday after it started negotiations about increasing the amount of loans. Thomas Cook explained that the company was affected by demonstrations in Egypt and Thailand's floods, thus more loans are required. At the moment the company's share price is 12.65 pounds increasing by 24.02%.

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