Italy in need of USD 18 Billion to lift offshore ban

Note: This section contains information in English only.
Source: Bloomberg
The Italian government is trying to gather USD 18 billion to soften an offshore ban on oil and natural gas set by Silvio Berlusconi in 2010. The plan is to allow particular firms, such as Eni SpA, Edison SpA and Royal Dutch Shell Plc to start again offcoast explorations, which in the long term would attract more investors and would reduce the energy spending of the country by EUR 6 billion.
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Thu, 19 Jul 2012 10:21:18 GMT

Rise in prices of Chinese property after eight months of depreciation

After the eight-month long fall, prices for property fractionally grew in 70 China's cities in June. In Beijing the increase of prices was 0.3%, whereas in Shanghai - 0.2%. Most probably the rise was caused by two interest rate cuts by the PBOC in the last months, which presumably encouraged real estate sector to recover.

Thu, 19 Jul 2012 16:58:33 GMT

U.K. stocks turned green as more people are employed

On Wednesday, July 18, an unexpected decline in U.K.'s unemployment rate boosted markets higher. The FTSE 100 index advanced 1.01 per cent to 5,685.77 and British pound strengthened versus the single currency 0.17 per cent to 0.7839. Meanwhile, the boost was supported by the increase of Fresnillo PLC shares by 1.56 per cent, BHP Billiton rose 2.02 per cent and Rio Tinto PLC also increased

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