European stocks rally on US employment data

Source: Marketwatch
European share markets improved sharply on Friday after US jobs report showed better that expected hiring and a drop in unemployment level. Stoxx Europe 600 and German DAX 30 index each added 1.7% while UK FTSE 100 index climbed 1.8%. French CAC 40 index advanced 1.5% but Greece ASE Composite index lost 3.8% as Greek PM Lucas Papademos threatened to quit. 
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Mon, 06 Feb 2012 10:43:56 GMT

Greece on edge as debt talks continue

Greece is balancing on the edge between failure and success as debt swap agreement talks linger said Greek FM Evangelos Venizelos. While consensus had been reached on government asset sales and bank recapitalization, all parties involved still cannot agree on fiscal measures for 2012 and labour reforms. Venizelos claimed the talks with other EU FMs are very challenging. 

Mon, 06 Feb 2012 08:48:37 GMT

China prohibits airlines from EU carbon accord

China prohibited its airlines from entering EU carbon emissions system, created to restrict pollution. China claimed the program breaches international regulations. The carbon system violates the UN Framework Convention on Climate Change and world-wide civil aviation rules, said China's Civil Aviation Administration in a statement issued yesterday.

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