UK is not fully resistant to EU debt turmoil

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/Reuters
George Osborne, The British Chancellor next week will submit an autumn report on the outlook of the UK economy. So far the UK managed to escape negative effects of Eurozone debt crisis. However, according to Osborne such situation will not last forever. Growth is smooth, unemployment is surging and exports are fluctuating. Moreover, budget deficit totals 10% of GDP. Osborne predicts that in nearest future crisis will hit UK benchmark index FTSE 100 and the British national currency.

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Wed, 23 Nov 2011 10:15:49 GMT

Bank of America to buy Allot communications Ltd.

Bank of America Corp. is planning to acquire Allot communications Ltd. Allot increased 2.7% yesterday reaching $15.41 per share. Company has fully recovered from 10-month low on October 3 by advancing about 63%. Allot's shares in S&P 500 are worth 13 times more than earnings. Allot is advancing from developing systems which manage traffic through data networks. Demand for Allot's products benefit from surging demand for smart

Wed, 23 Nov 2011 09:33:56 GMT

Commerzbank to recapitalize on its own

Martin Blessing, CEO of Commerzbank, claimed the bank still can recapitalize without state financial aid. Blessing pointed out it is not worthwhile to gamble about the magnitude of capital shortages until European Banking Authority reports stress assessment findings. He also added that Commerzbank's shortfall is about €5 bn which is not a dangerous situation for the company.

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