Front Page: China supports EU to beat debt crisis

12th December 2011


China supports EU to beat debt crisis

China is one of the active supporters of the international community to European crisis settlement. China Daily


Russia to export 44.5 bn cubic metres of gas via Belarus in 2012

Russia will export up to 44.5 billion cubic meters of gas via Belarus in 2012, or more than 1.5 billion cubic meters than this year. Voice of Russia


As IIP contracts, Sensex slips into red

The industrial production saw a staggering decline in October, with a negative growth of 5.1 percent in output mainly owing to huge fall in manufacturing and mining sectors. Times of India


Brazilians must spend 5.8% more than in 2010 this month

Despite the economic downturn spark a good deal of caution among consumers, retail representatives are confident that the movement in stores and malls, this Christmas is assured. Correio Braziliense


Small firms ‘panic' as five-year exemption ends

A five-year exemption to a law that requires small businesses to provide information on their activities to the South African Human Rights Commission is set to expire at the end of the month. Business Day


Developed Markets

UK industry fears isolation amid EU treaty fallout

Britain's hard-pressed manufacturers have expressed growing unease that the financial sector was defended in Europe by David Cameron at the expense of Britain's industrial interests. The Guardian


Nick Clegg attacks Cameron's EU treaty veto as bad for jobs and families

Britain faces being reduced to the status of a "pygmy" nation after David Cameron's decision to veto a new EU treaty, Nick Clegg has warned. Irish Independent


A Romance With Risk That Brought On a Panic

Jon Corzine's $6.3 billion bet on European sovereign debt turned out to be profitable, but the fear it induced brought down MF Global. New York Times


Frontier Markets

Nigeria's foreign reserves, FDI drop

The Central Bank of Nigeria (CBN) has disclosed that Nigeria's foreign reserves fell from $33.2 billion in the first quarter of 2011 to $31.9 billion in the second quarter. Daily Times Nigeria


Qatar 2nd easiest country to pay taxes' in the world

Qatar's "straight forward" tax system has been recognised worldwide with the country securing the position of "2nd easiest country to pay tax globally" in an annual report issued by PricewaterhouseCoopers, World Bank and IFC. Gulf Times


Kalanovic: Together we will overcome the economic crisis

Deputy Prime Minister for Economy and Regional Development Verica Kalanovic said today that the state, along with entrepreneurs who have the courage to invest now, to win the fight against the global economic crisis. Politika


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