EU's top official worried about possible outcome of US elections

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP
European Union's financial services chief is worried that if Mitt Romney wins US president elections this would mean "a step back" for the US and world financial markets. He is worried that Republican program is full of temptations to ease up regulations for financial markets which were designed by G-20 and that participation of both, the US and the EU are, in the implementation of these plans is necessary to reach results and prevent one more similar financial crisis as in 2008.
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Wed, 07 Nov 2012 09:35:22 GMT

Asian shares gain on Obama's victory in presidential election

Asian stocks rallied after Barack Obama won the election. The MSCI Asia Pacific Index (MXAP) rose 0.6% on positive gauges of technology, telecommunications and materials companies, whereas futures on S&P 500 index lost 0.3%. The largest Japanese carmaker Nissan Motor Co. gained 4.1%, as orders improved amid Obama being re-elected. Chinese Communist party holds their meeting tomorrow to decide on next leader of the nation.

Tue, 06 Nov 2012 16:39:21 GMT

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