Arab League says Syria has 3 days to stop the violence

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Source: Bloomberg
© Scanpix/AP
Arab League announced it gives Syria's government 3 days to stop violence against protestors and accept international observers. If Syria resists, Arab League is going to implement economic sanctions. Arab League's proposal comes amid increasing global pressure on Syria's President Bashar al Assad to resign. Syria already has been excluded from Arab League's meetings until it removes tanks from towns and discharge arrested demonstrators.

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Thu, 17 Nov 2011 12:16:05 GMT

UK consumer confidence declines

In October consumer confidence in UK dropped reaching a 7-years low on citizens' concerns regarding surge in employment and deepening Euro debt crisis. The sentiment index fell 9 points reaching 36, the least since 2004. Consumer expectation measure lost 14 points to 48, a new record low. According to BOE Governor, Mervyn King, the downward pressure on sentiment index arises from weakened outlook for UK

Thu, 17 Nov 2011 08:23:36 GMT

China increases its long-term US security holdings

In September China enhanced its long-maturity Treasury holdings as European debt crisis stimulated demand for safe foreign assets. According to Treasury statistics, the world's second largest economy purchased US notes and government bonds worth $20.7 bn boosting total long-maturity holdings to $1.14 trillion. The increase followed Federal Reserve decision to reduce borrowing fees by extending its bond portfolio's maturity.

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