Greece may leave the euro-zone

Note: This section contains information in English only.
Source: Marketwatch
The Bank of Greece announced that the country's economy is in the worst state since post-war time and Greece may withdraw from the euro zone. Greece has to put all efforts in meeting the targets of October agreement as otherwise it will face severe crisis that would force Greece to get out of the Eurozone, said the Bank of Greece.
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Wed, 23 Nov 2011 13:33:20 GMT

Canada's retail sales increased

Canada's core retail sales exceeded expectations, according to official sources. Core retail sales excluding automobile sales increased by a seasonally adjusted 0.5% while the projected increase was 0.4%. Total retail sales also increased by 1% in September being higher than 0.5% expected, according to report of Statistics Canada.

Wed, 23 Nov 2011 13:31:02 GMT

Australia's mining tax was accepted by parliament

Australian government is going to impose a new regulation under which the largest mining companies will be obliged to pay 30% tax. The law has already passed through the lower house and is expected to be approved by upper senate in the beginning of 2012. The tax will come in force in July next year. Under the tax giant companies like Rio Tinto and

Wed, 23 Nov 2011 13:23:27 GMT

China's businesses have to innovate to survive global turmoil

China's businesses survived in the global crisis in 2008 hoping that the things will get better. However, economic state has become even worse and now it is a high time for China's companies to restructure their operations and invest essentially in innovation in order to stay competitive in the world markets, said Zhou Haichang, president of Guangdong-based Guoguang Electric Co Ltd.

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