China has announced 2014-20 urbanization plan which includes major expansion for transport network and urban infrastructure in the country. The plan includes major investments in infrastructure development as the country aims to increase per capita income with urbanization drive.
According to a GasBuddy. com survey of the gas prices at the US pumps last week, the cost of one gallon of gas in all 50 states is more than $3. The figures released by GasBuddy show that the national average price of regular gas is $3.34 per gallon; marking a 5-cent increase over the previous week figures.
European Union Leaders Pondering Fruits of 120 Billion-Euro ($163 Billion) Push to Jump-Start Economy
As per the median estimate in a Bloomberg News survey of economists, the euro-area joblessness rate perhaps held near a record high in November at 12.1%. The report to be released on January 8, follows tomorrow’s release of December consumer-price data.
Regulators have closed Woodlands, Texas based Texas Community Bank on Friday, taking the total number of bank failures across US to 24. Texas Community Bank operated two branches and was having $160 million in assets. The bank was managing deposits worth $142 million as per September data.
China has reported strong numbers for November giving strong indication of stable recovery. The second largest economy witnessed 12.7 per cent rise in exports, which were above the expectations of market analysts. Reuters poll had forecast 7.1 percent rise in exports during November.
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