China prohibits airlines from EU carbon accord

Note: This section contains information in English only.
Source: Bloomberg
China prohibited its airlines from entering EU carbon emissions system, created to restrict pollution. China claimed the program breaches international regulations. The carbon system violates the UN Framework Convention on Climate Change and world-wide civil aviation rules, said China's Civil Aviation Administration in a statement issued yesterday.
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Mon, 06 Feb 2012 09:39:46 GMT

European stocks rally on US employment data

European share markets improved sharply on Friday after US jobs report showed better that expected hiring and a drop in unemployment level. Stoxx Europe 600 and German DAX 30 index each added 1.7% while UK FTSE 100 index climbed 1.8%. French CAC 40 index advanced 1.5% but Greece ASE Composite index lost 3.8% as Greek PM Lucas Papademos threatened to quit. 

Mon, 06 Feb 2012 08:36:39 GMT

Japanese electronics giants predict bigger losses

Japanese leading electronic companies claimed they are likely to loose about USD 17 billion in 2012. Sony Corporation doubled its yearly loss outlook while Sharp Corporation and Panasonic Corporation forecast the worst year in their companies' histories. Japanese electronic producers were heavily hit by Thailand flooding and appreciating Yen amid strengthening positions of Apple and Samsung. 

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