European FMs agree on EFSF leverage rules

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

On Tuesday evening European officials finally agreed on two options how to increase firepower of EFSF bailout package. The first option implies that bond holders can get limited risk protection of about 20-30% guaranteed by EFSF. The other option denotes the creation of co-investment funds to allow combining private and public funding in order to purchase bonds both from primary and secondary markets. Also ministers arranged 6th payment for Greece bailout available in December. 

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Wed, 30 Nov 2011 08:45:23 GMT

Canadian dollar appreciates for the fourth day in a row

Canada's dollar gained against US dollar for the fourth consecutive day, as US reported a surge in American customer confidence. An increase in oil prices also fuelled the escalation of the so-called loonie. Canadian national currency climbed 0.2% on Tuesday reaching C$1.0321 per one US dollar in Toronto trading session. Despite the recent appreciation, Canadian dollar has weakened 3.2% on a yearly basis. The

Wed, 30 Nov 2011 08:44:01 GMT

India's growth meets expectations

According to government report, India's GDP added 6.9% on yearly basis in the 3rd quarter. The GDP estimate matched that predicted Dow Jones Newswires economists' survey. Country's GDP growth has slowed down compared to 2nd quarter when it advanced 7.7%. Manufacturing output increased 2.7% compared to previous year whereas mining output dropped 2.9%.

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