European markets open higher

Note: This section contains information in English only.
Source: Marketwatch
European shares opened higher on Friday led by banks and miners. Markets are looking forward for Merkel's parliamentary speech and US nonfarm payroll statistics. Stoxx Europe 600 added 1.1% to  241.14 and UK's FTSE 100 index gained 1.2% reaching 5,552.53. French CAC 40 index jumped 1.5% while German DAX edged up 1.6%.
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Fri, 02 Dec 2011 09:54:16 GMT

SABMiller takes over Foster's

Australian court approved an acquisition of Foster's, Australian brewer, by SABMiller, UK's brewer. The deal worth A $9.9bn overcame the last obstacle. About 99% of the shareholders of Forester's agreed on takeover. The final sale is planned to be finished by the end of December 2011.

Fri, 02 Dec 2011 08:32:36 GMT

Crude oil prices to increase dramatically in 2017-2021

Crude oil market is likely to experience tightness due to market facing long-term restrictions in inventories, said Dawood Nassif from BAPCO. Crude oil prices achieved $100/bbl and will remain at this level but prices are likely to peak by 2017-2021, he added. Refineries in Europe will face fierce competition from refineries in the Middle East in the next five years, he warned.

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