Latin America approves the largest airline company

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Source: BBC

Brazilian government has approved the merger of two largest Latin American airlines TAM, Brazilian airline company, and LAN, Chile's airline provider. The new company will be called LATAM and will be worth about $14.5bn serving more than 115 destinations in about 23 countries. The antitrust authorities accepted the merger but imposed 11 conditions to not violate fair competition in the industry.

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Thu, 15 Dec 2011 14:37:02 GMT

Euro-zone's PMI increased

The PMI of the Euro Zone increased slightly in December. The indicator achieved 46.9 this month as compared to 46.4 last month. The manufacturing output index rose to 47.9 this month from 47.0 in November. The index above 50 signals growth while below 50 indicates contraction.

Thu, 15 Dec 2011 15:01:54 GMT

German PMI experienced moderate gains

German PMI increased slightly in December. The Markit Flash Germany Manufacturing PMI edged up to 48.1 in December as compared to 47.9 in previous month. The Markit's Germany Composite Output Index, gauge of private sector activity also advanced to 51.3 from 49.4 in November. The increase is inspiring but it cannot rescue the economy severally impacted in Q4, said Tim Moore, senior economist at Markit.

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