Nuclear giant of France to report a large loss

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Source: BBC

The nuclear reactor owned by France's government, Areva, is likely to report about large loss this year, according to French industry minister. The financial position of Areva was impacted by Japan's nuclear disaster of Fukushima in March. The company is likely to write-down about 1 billion euros of its assets' value. Areva will unveil the new strategy later this week

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Mon, 12 Dec 2011 09:51:39 GMT

China plans to expand imports

Hu Jintao, China's Presidents, has promised to stimulate imports as part of the global trade boosting strategy. He said the imports might achieve $8 trillion in five years as compared to $1.39tn of imports in 2010. Imports of the country increased by 22% and exports jumped by 14% in November, according to official data.

Mon, 12 Dec 2011 11:03:13 GMT

Euro forecasts weaken on Draghi's interest rate cuts

Foreign exchange analysts are lowering their forecasts for the 17-nation currency at the rapidest rate this year as ECB President Mario Draghi's borrowing rate reduction abandon one of the Euro pillars of maintenance. Investors are dumping assets denominated in euro, as EU officials fail to stop concern that Spain and Italy will capitulate to a debt crisis.  Ken Dickson, Standard Life Investments currency investment director expects additional ECB

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