European leaders need to gain time to save Euro

Note: This section contains information in English only.
Source: Bloomberg
European officials return from Christmas holidays striving for extra time to Italian and Spanish governments to put under control their debts and save the common currency. According to UBS AG debt worth about 157 bn euros ($203 bn) will mature during the first quarter of 2012. By the end of that three-month period officials have to approve stricter rules for monitoring government spending. 
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Mon, 02 Jan 2012 09:15:17 GMT

India government to allow foreign investors to purchase stocks

India's government has decided to allow foreign individual investors to purchase directly domestic equities as the nation attempts to stimulate capital inflows and lessen volatility in its financial markets. The new law is expected to be approved by January 15. At the moment overseas investors are allowed to invest in stocks only via participatory notes.

Mon, 02 Jan 2012 07:46:50 GMT

China manufacturing PMI slightly up in December

China's production measure improved in December, indicating that a strike in the country's economy might be stabilizing despite European debt woe which weakens the exports outlook. Purchasing Managers' Index rose to 50.3 in December compared to 49 previous month, said Chinese logistics federation yesterday. In contrast, PMI estimated by HSBC showed an increase from 47.7 to 48.7.

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