Asian stocks climb back

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Source: Marketwatch
Asian stocks edged up on Wednesday as investor optimism on forthcoming European summmit returned. Shanghai Composite Index gained 0.2%, Hong Kong's Hang Seng Index added 0.9% and South Korean Kospi suged 0.5%. Australian S&P/ASX 200 index rose 0.7% while Japanese Nikkei Stock Average jumped 1.5%. Markets remain positive ahead of European meeting on December 9, said BNP Paribas strategists.

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Wed, 07 Dec 2011 08:08:15 GMT

China issues a white paper

The China's government issued 1st white paper outlining the country's success in stimulating foreign trade and China's  positive contribution into the global trade. Country foreign trade has made a significant progress during the last years. Trade volume grew at the annualized rate of 16.8% from 1978 when the country opened barriers to foreign trade. The value of trade approached 2.97 trillion USD in 2010, according

Wed, 07 Dec 2011 08:06:46 GMT

Treaty changes may not be necessary

Stricter budget control rules can be introduced without amendments in the previous treaties, announced Herman Van Rompuy, European Council President. He proposes fast-track fiscal measures that can be adopted without time-consuming ratifications needed for treaty changes. However, Germany and France still insist on including tougher rules in the treaties.

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