APEC striving for unified regional economy

Note: This section contains information in English only.
Source: XINHUANEWS
© Scanpix/AFP
On Sunday the officials of Asia-Pacific Economic Cooperation (APEC) summit presented a Honolulu Declaration according to which they are pledged to create a unified regional economy. Declaration emphasized that global challenges have strengthened APEC members' willingness to cooperate. According to APEC leaders, trade liberalization will play a key role in global recovery.

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Mon, 14 Nov 2011 14:10:40 GMT

European equities erase gains on early Monday trading

On Monday morning session European stocks experienced a decline offsetting returns inspired by the nomination of new Italian PM. Stoxx Europe 600 index lost 0.3% reaching 240.27, German DAX 30 index dropped 0.2% to 6,043.59 while CAC 40 index decreased 0.5% to 3,133.73. FTSE 100 index remained flat at 5,545.27 and only Italy FTSE MIB index kept increasing to 15,863.97, attaining 0.5%.

Mon, 14 Nov 2011 15:07:26 GMT

Japan shows first signs of recovery after March's earthquake

Japan's GDP grew first time after March's earthquake; the indicator was up by 1.5% in Q3. However, analysts fear the growth is not sustainable because of strong yen and global fiscal problems. Moreover, floods in Thailand impacted Japanese supply chain thus affecting the recovery after slowdown.  Exports are also likely to fall thus hindering Japan's recovery, said Yamamoto.

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