Germany's business confidence is expected to drop

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP
Europeans biggest economy's business confidence probably dropped in October, reaching 20-month record low, as deepening debt crisis may push Germany into recession. Economists surveyed by Bloomberg expect confidence index to fall from 106.4 to 105.2, the lowest level in 20 months. The Ifo institute will release a report today in Munich.

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Thu, 24 Nov 2011 08:39:33 GMT

HTC shares fall

Shares of HTC, well-known Taiwan-based smartphone producer, decreased by 7% after the company announced cut in the growth forecast. Revenue decrease was caused by increased competition and weaker demand, reports HTC. In October HTC announced a decline in revenues to T$ 125bn as compared to T$ 135.8bn in three previous moths. The company expects no growth compared to  2010.

Thu, 24 Nov 2011 08:28:57 GMT

China carries out navy exercises in the Pacific region

China's navy is going to participate in exercises in the Pacific Ocean in the next few days. The navy exercises caused concerns in the rest of the region - in Vietnam and Philippines that have had some clashes with China recently. Moreover, some experts consider it is a China's response to the US announcement regarding location of its navy forces in Australia. However, China

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