UK borrowing costs decreased below Germany's

Source: BBC
© Scanpix/AP

Failure of the Germany's auction has led to increasing worries about the euro-zone debt crisis. The current German 10-year bonds cost 2.23% exceeding the French ones priced at 2.21%. Experts claim the UK has stronger appeal to investors as it is considered to be a safer investment option.

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Thu, 24 Nov 2011 13:27:47 GMT

JPMorgan to buy MF Global

JPMorgan Chase & Co has confirmed it will buy shares of bankrupted MF Global at London Metal Exchange. JPMorgan is expected to pay for MF's stake about 25 million pounds ($38.8 m). Last month MF Global declared bankruptcy after making bets that failed on European debt. JPMorgan agreed to buy all of MF Global shares, said Richard Heis, special administrator of MF Global.

Thu, 24 Nov 2011 13:26:29 GMT

Munali Nickel Mine restarts its operations

Zambia's nickel mine, Munali Nickel Mine, announced it will resume its operations in January after implementing restructuring program. The company ceased its operations because of the cash flow difficulties in the beginning of November. The company plans to attract investors to finance the company and make its capital structure more stable, said the official.

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