Gloucester and Yanzhou started talks on merger worth A$8

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Source: Marketwatch

Yanzhou, China's mining company, started negotiations with Gloucester Coal Ltd. on the merger aimed at creating a mining company worth 8 billion Australian Dollars. Experts do not expect criticism from the Australian government despite the fact that previous large investment projects made by China's state supported companies came in for criticism from politicians.

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Tue, 20 Dec 2011 09:41:55 GMT

Switzerland's trade surplus increases more than expected

Swiss trade surplus increased more than expected last month, according to official data. The trade balance widened to CHF3.00 billion last month as compared to CHF2.16 billion in October. Analysts expected the figure to be CHF2.47 billion. After the data release, the Swiss Franc appreciated against the USD and the pair USD/CHF is currently traded at 0.9371, edging down 0.02%.

Tue, 20 Dec 2011 09:39:40 GMT

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