Keystone pipeline postponed until 2013

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Source: CNN Money
© Scanpix/AFP

Obama administration on Thursday said it has delayed the verdict on controversial Keystone pipeline as public and Nebraska lawmakers required an alteration in route of pipeline. Review of pipeline project is expected to take place until 2013. While protesters express their satisfaction with Obama's decision, John Boehner, parliament speaker criticized suspension saying that about 20,000 new jobs have been given up favouring political campaign.

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Fri, 11 Nov 2011 11:05:02 GMT

Mario Monti may lead the new Italian government

Today Italian government will vote on austerity measures to regain investor confidence and prepare for the new government supposed to be headed by Mario Monti, a former EU Competition Commissioner. According to Gianfanco Fini, speaker of the parliament, Berlusconi is expected to resign immediately after the vote. Fini points out that unity government can be formed only if Berlusconi supports Monti's technocrat government.

Fri, 11 Nov 2011 16:31:03 GMT

Exorbitant cost of Italy’s borrowings impacts global share indexes

Yields on 10-year Italian bonds achieved 7.28%; rate considered as unsustainable. Concerns about Italy's debt crisis grew impacting the global economy. Asian stock market indexes fell-Japan's Nikkei index dropped by 2.9% while Hong Kong's Hang Seng index decreased by 5.3%. European market proved to be more resilient-Germany's DAX index increased by 0.22%, and the French CAC 40 index went up by 0.4%.

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