Front Page: China welcomes Eurozone debt deal

28th October 2011

BRICS

 

China welcomes Eurozone debt deal

BEIJING – China welcomed the deal on Thursday to tackle the eurozone debt crisis and expressed its willingness to help boost global economic recovery. China Daily

 

World Bank approves $250m for Eskom

The World Bank on Thursday approved $250 million in funding for South African power utility Eskom to develop a wind and solar plant as part of a push to boost sources of clean energy. Business Day

 

Galvanizing public transport in Moscow

Moscow could soon see a new generation of buses, running on state-of-the-art rechargeable batteries. Russia Today

 

Brazil Foods profit rises 73% in the third quarter to R $ 365 million

The Brazil Foods announced on Thursday a profit of $ 365 million in the third quarter, up 73% from R $ 211 million for the same period last year. Folha

 

Re hits 2-wk high on Europe debt deal

The rupee rose to its strongest level in nearly two weeks on Friday as appetite for riskier assets improved after European leaders thrashed out a plan on Thursday to contain the region's debt crisis, propelling the euro and global equities higher. Times of India

 

Developed Markets

 

Recession Fears Recede as Economy Grows 2.5%

The economy grew 2.5% in the third quarter, a quick enough pace to blunt fears that the U.S. is about to plunge into recession again but not fast enough to signal that the halting recovery is about to get on a roll. Wall Street Journal

 

Japan central bank expands monetary easing

Japan's central bank on Thursday kept its key interest rate at nearly zero and will expand the size of an asset buying program to lend stronger support to the economy. News on Japan

 

Korean Listed Firms Report Poor Q3 Earnings

More than half of Korea's listed companies underperformed in the third quarter of this year. The Chosun Ilbo

 

Frontier Markets

 

Kinnie now available online at Amazon UK

Simonds Farsons Cisk plc has just announced that the full Kinnie range: Kinnie, Diet Kinnie and Kinnie Zest, is now available for purchase on Amazon UK, with free delivery anywhere in the UK. Malta Today

 

Markets soar on EU debt deal, US data

Global stock markets soared in a massive relief rally yesterday after EU leaders agreed a deal to solve the eurozone debt crisis and data showed the US economy growing faster than expected. Gulf-Times

 

Slow down the rapid growth of the Estonian Energy

Estonian Energy said the company's revenues and operating profit in recent years, characterized by rapid growth to a halt. Aripaev

 

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