Dollar climbs on failure of the EU summit

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

Following the news on the EU leaders could not reach a full agreement on closer fiscal ties, the greenback advanced against its major counterparts; the dollar index increased to 78.848 from 78.789 in late North American trade as investors perceive dollar as safer investment option.

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Fri, 09 Dec 2011 07:04:01 GMT

Australia uniforms seam coal gas regulations

Number of states in Australia has agreed on development of the uniformed law framework for rapidly-developing seam coal gas sector, said Martin Ferguson, federal Environment Minister. Ministers dealing with energy and resources have approved the proposal for creating a "national harmonized framework" for the sector and already organized the program to release these issues publicly, the minister added.

Fri, 09 Dec 2011 07:02:08 GMT

China's property tax may be extended

China plans further expansion of its real estate tax initiative to larger number of cities after it assessed the results of test launch in Shanghai and Chongqing, reported Ministry of Finance. Since January Shanghai had a property tax of 0.6% and 0.4% depending on the house price causing a decrease in real estate prices and higher tax contribution to the region's tax revenue. Officials consider

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