SeaFrance has been liquidated

Source: BBC

SeaFrance was officially liquidated by the French court and was forced to stop activity. The liquidation means more than 130 jobs loss in the UK. The Tribunal de Commerce made a decision after the EC adjudged the 200m Euros rescue package provided by the France's government was illegal.

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Mon, 09 Jan 2012 15:56:55 GMT

Corn advances on the South America weather forecasts

Corn futures rebounded after hitting one-week low as worries on South American crop conditions weighted up on the commodity price. Corn futures for delivery in March traded at USD6.5112 a bushel during the European morning session, on the Chicago Mercantile Exchange, soaring 1.17%.

Mon, 09 Jan 2012 16:24:41 GMT

China to continue prudent monetary policy

China will continue its tight monetary policies but is ready to fine-tune them in case of necessity, announced the PBOC, closing the work conference. The PBOC plans to adjust the supply of credits and maintain social financing at a reasonable growth. The country will focus on stimulating agricultural sector, optimizing credit structure, developing small and medium enterprises and supporting affordable home projects.

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