New decision of the EU

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP

The European Commission is going to discuss new rules requiring the members of the euro-zone to hand it their planned tax and spending strategies to the EU before they are passed by national parliaments. It will allow the EU to detect the countries that experience financial problems. The decision will be presented alongside with the report on three options on euro bonds issuance, according to Financial Times.

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Wed, 23 Nov 2011 13:54:42 GMT

Hang Seng Index experiences a new decline

On Wednesday Hong Kong's Hang Seng Index extended its decline and dropped by 2.1% closing at 17,864.43 or 387.16 points down compared to Tuesday. The sharp decline was mainly caused by China's disappointing manufacturing survey. PCCW Ltd was among major losers in index, giving up 3.3% after pricing its telecom trust at lowest level in price range. Resource and banking industry shares also added negatively to

Wed, 23 Nov 2011 14:03:23 GMT

Libya's Bouri oil field resumes its operations

Libya's Bouri oil field a part of which is owned by Italy's ENI SpA has resumed its operations, announced the head of the company. The company restarted output at 10,000 barrels a day and is projected to achieve a full capacity of 40,000 barrels till the end of the year. Restart of the activity facilitates the country's development after war period.

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