Putin to run for president in elections next March

Note: This section contains information in English only.
Source: Xinhuanet
On Sunday United Russia party nominated Vladimir Putin, Russian Prime Minister as presidential candidate for upcoming elections in March 2012. Analysts believe Putin will face no real competitors in March's election. Although Putin is not in United Russia party, he is considered as its leader since 2008. Experts also claim that the nomination of Putin will contribute to positive outcome for United Russia in parliamentary elections on December 4.

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Mon, 28 Nov 2011 14:27:59 GMT

Fed to buy mortgage bonds

Primary dealers of US government securities said that Fed is planning to implement mortgage purchase program next quarter in order to inject additional money resources into the US economy. The Fed may purchase about $545 bn of home mortgage debt. Similar program was introduced in 2008 when Fed bought $2.3 trillion mortgage-related and Treasury bonds.

Mon, 28 Nov 2011 11:45:01 GMT

Online sales jump 24% on Black Friday

Online sales surged 24.3% during Black Friday and 39.3% on Thanksgiving Day compared to same days previous year. Mobile gadgets including smart phones and tablets made up 14.3% of all web retail sales on Black Friday. Online sales for beauty category were up 34.2%, home goods saw 48.8% increase and apparel sales climbed 47.2%. However, average value per purchase remained almost flat compared to last

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