Berlusconi majority to fail

Note: This section contains information in English only.
Source: Bloomberg
Italian PM Berlusconi's majority is collapsing ahead of government vote tomorrow as allies pressure him to step down. During past few days nine premier's affiliates have quitted.  According to Giuliano Ferrara, newspaper Il Foglio editor, Berlusconi may resign within hours. Roberto Maroni, Interior Minister claims PM's majority most likely to be unravelled. Maroni supports early elections.

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Mon, 07 Nov 2011 13:43:07 GMT

Australians expected to save rather than spend

Gail Kelly, CEO of Westpac Banking Corp, claimed the additional money gained coming from central bank's interest rate cut most likely will be used either to increase savings or to repay loans. She indicated that Australian consumers currently are very cautions towards extra spending. Kelly suggested the Reserve Bank of Australia should apply further repo reduction. According to her, Australia economy will experience growth when

Mon, 07 Nov 2011 12:30:03 GMT

China stocks hit two week low

Chinese equities experienced sharp decline reaching biggest low in two weeks. Shanghai Composite Index decreased 18.5 points, or 0.7%, closing at 2,509.8 which is the biggest drop since October 21. Fall in markets is associated with investors' fears that Chinese government will not apply expansionary monetary policy despite economy slowdown. Concerns were fuelled by Chinese PM's announcement that country will stick to curbing property industry

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