China plans to invest in Europe

Note: This section contains information in English only.
Source: China.org.cn
© Scanpix/Reuters

China is going to send a delegation to Europe in 2012 aimed at buying European assets, said Chen Deming, Chinese Minister of Commerce. More than 25% of country's forex reserves are in euro –denominated assets and it seems viable to invest or even to buy European equities.  Moreover, Europe needs FDI and China is willing to invest, Deming added.

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Tue, 29 Nov 2011 08:41:21 GMT

Dollar falls on hopes of the euro-zone

The dollar decreased against the euro in Asian trading as hopes for solving the debt crisis in the euro-zone increased investors' confidence in common currency. The euro climbed to $1.3363 from $1.3307 in late North American trade yesterday. The British pound also added against greenback to $1.5520. The dollar index declined to 79.094 from 79.236.

Tue, 29 Nov 2011 10:32:45 GMT

Moody's to consider European banks' ratings

1.       Moody's Investors Service announced it is considering reducing credit ratings for financial institutions in 15 European countries to mirror the prospective exclusion of government support. Banks in France, Spain, Italy and Austria are most exposed to review of ratings as their governments face restrained fiscal flexibility. 

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