Elections in Egypt start second round

Source: BBC

Residents of Egypt are going to vote in the second round of the elections after the revolution period. The first election's round indicated that Islamist parties gained about 47% seats. The new parliament is expected to appoint a committee to create a new constitution outlining civil rights for the post-revolution period.

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Wed, 14 Dec 2011 13:38:06 GMT

Tele2 decreased growing perspectives in Russia

Sweden's Tele2, telecommunications operator, decreased its forecast on the growth of the number of customers in Russia and announced it will concentrate on the existing customer base rather than attracting new clients. Currently, the company expected to have about 20.7 million clients in Russia next year as compared to 21 million earlier predicted. However, Tele2 believes Russia is the main growth market for the company.

Wed, 14 Dec 2011 15:10:56 GMT

Nikkei slightly lower on Wednesday

Japan's Nikkei Stock Average declined 0.39% or 33.68 points to 8,519.13 as markets anticipated Fed report it will not apply expansionary monetary policy to stimulate growth. On the downside were resource companies with Mitsui Mining & Smelting Co tumbling 1.4% and JFE Holdings Inc dropping 0.9%  Export dependent Japanese car producers also extended their loss: Honda Motor Co declined 2.2% and Suzuki Motor gave up 1.1%. On the upside were energy

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