Gillard wins Rudd in Australia leadership ballot

Note: This section contains information in English only.
Source: Bloomberg
Australia's premier Julia Gillard won her predecessor Kevin Rudd in a leadership vote and remained the head of ruling Labour party. Gillard gained 71 votes compared to 31 in favour of Rudd's, said party representative Chris Hayes. Rudd claimed he accepts the outcome and will support current PM. 
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Mon, 27 Feb 2012 07:26:53 GMT

Germany needs to show more leadership, claims G-20

Germany should put more effort to contain region's debt crisis instead of just requiring additional money from outside, announced the Group of 20 nations. G-20 suggested Europe to expand its own financial firewall before borrowing from other countries or organizations. During Mexico meeting Germany attempted to persuade G-20 countries to inject extra capital in IMF to tackle crisis.

Fri, 24 Feb 2012 17:39:56 GMT

Rural commodities were up on dry weather in South America

Rural commodities were mostly higher on Thursday amid broadly weaker US Dollar and adverse weather conditions in South America. Sugar, the top performer, approached almost three-month high on the lingering concerns over the Brazilian crop. Moreover, institutional investors and hedge funds showed increased interest in sugar buying. At the same time, wheat lost momentum created due to stronger China's demand

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