Swiss banking to retain leading position in financial sector

Note: This section contains information in English only.
Source: Marketwatch

Credit Suisse Group sees stable development of the Swiss banking industry, said Brady Dougan, the CEO of Credit Suisse Group. The country is likely to hold its leading position in financial industry and even despite probable job cuts, Credit Suisse has high potential in long-run, he added. He also believes that the euro will exist in the next five years.

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Tue, 27 Dec 2011 07:57:40 GMT

China's industrial output growth might contract further

Chinese industrial production growth may see further slowdown reaching around 11% next year, according to Miao Wei, Minister of Industry and Information Technology. The industrial value-added production expansion is likely to approach 14%, down from 15.7% growth last year. The country will stimulate the development of industrial sector by credit and fiscal policies to escape plunge in the industry growth, he added.

Tue, 27 Dec 2011 08:12:31 GMT

European stock markets end week higher

European shares advanced last week as better-that-expected US economy data signalled recovery of the world's leading economy. Stoxx 600 gained 3.5% reaching 241.86 this week, while French CAC 40 added 4.4% to 3,102.09. German DAX surged 3.1% to 5,878.93 and UK's FTSE 100 jumped 2.3% finishing at 5,512.70

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