European leaders discuss bailout fund increase

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Source: Marketwatch
© Scanpix/AFP

European officials are negotiating probable boost the euro-zone members' capability to combat with spreading debt crisis by running two bailout funds, reported Financial Times. The new measure stipulates the euro-zone countries being able to access 400 billion euros bailout fund currently available and adding new 500 billion euros facility in 2012. The policy may be adopted along with revision of the treaties to impose stricter budget requirements.

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Wed, 07 Dec 2011 07:36:11 GMT

Yuan falls on declining trade surplus

The fall in the yuan value for the five consecutive days is a natural response of the market to declining trade surplus in China, claim analysts. The yuan value is likely to be balanced in long-run, they add.  China's trade surplus tumbled by 36% in October on an annual basis weighting down on the country's currency value that fell essentially against the greenback to

Wed, 07 Dec 2011 07:33:24 GMT

China to increase nuclear energy generation

China plans to increase its nuclear energy capacity and make nuclear energy a foundation of the power-generation structure in the next 10-20 years, according to senior official. China is going to expand its energy capacity by 2 billion kW in corresponding period with 300 million kW being generated from nuclear power, said Shi Lishan, deputy director of the National Energy Administration's department.

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