European debt keeps tension across globe

Note: This section contains information in English only.
Source: CNN Money
© Scanpix/AP

On Thursday investors were expressing their anxiety regarding European crisis by demanding higher yields on region's notes. German 10-year borrowing costs reached maximum at 2.26% and ended at 2.19%. Meanwhile the yields of Italian 10-year bonds surged once more, attaining 7.13% and closing at 7.11%. French 10-year papers experienced modest increase and closed at 3.72%. 

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Fri, 25 Nov 2011 08:17:11 GMT

Euro reaches seven-week drop

The US dollar surged against most of its major peers; spreading current week's gains after investors began to switch to US assets considering them as safe haven amid European debt fears. 17-nation currency fell to a seven-week record low against US dollar, as Italy's 2-year borrowing costs rose to highest level in 14 years. On Friday morning trade Euro lost 0.3% and touched $1.3299. EUR/USD

Fri, 25 Nov 2011 08:20:14 GMT

China's construction developers shift focus to developed economies

In recent years China's offshore property developers were focusing on developing economies as Middle East and North Africa. Currently these regions experience a political turmoil thus increasing the level of risk of construction projects. Now China's construction contractors see high potential in entering developed economies, said Yu Zhende, vice-president of Overseas Operations for China State Construction Engineering Corp Ltd.

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