Tele2 decreased growing perspectives in Russia

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Source: Marketwatch

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.

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Wed, 14 Dec 2011 14:49:45 GMT

China's government spending can stimulate economic growth

Worsening situation both in the euro-zone and in the US affect the economic expansion of China. The country may use government spending instead of bank lending to ensure sustainable growth of the infrastructure and manufacturing sectors in the next year, claimed Lin Yifu, the World Bank's senior vice-president. The GDP is likely to remain above 8% in 2012, he added.

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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