Burma announced 11 billion US Dollar of foreign debt

Source: BBC
Burma announced it owes about 11 billion US Dollars of foreign debt that is much more than previously estimated. The foreign minister of the country reported that Burma has started negotiations with several institutions and countries. Burma owes about 6.4 billion US Dollars to Japan, the rest of the loans are owed to Germany, the World Bank and the Asian development Bank. Burma is one of the world's least developed countries.



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Fri, 03 Feb 2012 08:05:56 GMT

China's gold miner faced increase in profits due to high gold price

China's miner, Zijin, announced it expects about 20% increase in profit for 2011 due to constantly growing gold price. The company estimated its annual profits as 5.8 billion Yuan for 2011 as compared to 4.8 billion Yuan in the preceding year. Gold price jumped more than 30% in August before declining at the end of 2011.

Fri, 03 Feb 2012 10:10:25 GMT

European stocks ended higher on Thursday

European shares surged on Thursday, supported by US macroeconomic statistics and merger talks between Glencore International and Xstrata Plc. Stoxx 600 index finished 0.2% higher, FTSE 100 climbed 0.1% and French CAC 40 index gained 0.3%. German DAX jumped 0.6% but Greek Athens general index fell 0.5% to 792.44. 

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