Bernake confirms Fed may apply easing next year

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Source: Bloomberg
Ben S. Bernake, Fed chairman pointed out his worried European crisis may halt US expansion in two years and therefore further intervention from Fed might be needed. Bernake said Federal Reserve policy makers may consider stimulating growth measures during their next meeting due January 25. Some analysts expects new program of asset purchases next year.

 

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Wed, 14 Dec 2011 13:38:06 GMT

Tele2 decreased growing perspectives in Russia

Sweden's Tele2, telecommunications operator, decreased its forecast on the growth of the number of customers in Russia and announced it will concentrate on the existing customer base rather than attracting new clients. Currently, the company expected to have about 20.7 million clients in Russia next year as compared to 21 million earlier predicted. However, Tele2 believes Russia is the main growth market for the company.

Wed, 14 Dec 2011 10:26:27 GMT

Norway to cut key interest rate first time in 2 years

Norwegian central bank is likely to cut its repurchase rate for first time since 2009, as European debt turmoil harms growth. Norges Bank is expected to reduce its overnight rate by 0.25 percentage points from 2.25% to 2.0%, said majority of economists surveyed by Bloomberg. Norway faced shrinkage in manufacturing output in November, first time since in 18 months.

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