Signs of US recovery

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

Despite recent announcement of the supercommittee's failure to implement deficit reduction measures and high volatility of the stock markets many experts claim the US economy shows signs of recovery. Retail sales increased more than expected by 1.1%. In case the trend continues the GDP growth might be more than 3% in last quarter this year. Moreover, the number of unemployment claims decreased from 400,000 to 388,000.

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Tue, 22 Nov 2011 09:26:32 GMT

European stocks climb on US credit rating

On Monday trading session European stocks recovered from 6-week low as rating companies restated the US credit rating. Stoxx Europe 600 Index gained 0.9% to 226.77 in London morning trading session after experiencing loss of 3.2% yesterday. Mining companies boosted index with Xstrata Plc (XTA) and Antofagasta Plc (ANTO) both adding 2%.

Tue, 22 Nov 2011 13:49:11 GMT

Western countries against Iranian nuclear program

US, UK and Canada imposed sanctions on Iran as there are growing worries about Iran's nuclear program. UK's banks were forced to discontinue all financial transactions with Iran's credit institutions while Canada plans to ban some exports from Iran like oil and gas. UN report states Iran develops a nuclear weapons; however, Iran claims the nuclear program is only for civil purposes. China and Russia

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