Though, the mining industry in South Africa was recently rocked by a number of strikes. A recent report has shed light that many more strikes could be seen in the first quarter of the coming year for the reason that thousands of jobs are to be shed.

Consumer sentiments in US saw a reading of 82.6 by the end of October which rose 84.9 in the beginning of the next month. But as the month went by, currently the reading has fallen far below the expectation to 82.7.

World's largest chemical company in term of sales, BASF from Germany is all set to take over the Norway's Pronova BioPharma PRON.

Pronova is currently a leading supplier of omega-3 fatty acids which will now be bought by the German based BASF. The deal will be valued $844 million that mounts to 4.85 billion Norwegian kroner.

Germany may lose out, says a top Swiss banking official, in case Berlin does not vote in favour of a deal that is meant to end tax evasion tensions running since long with Switzerland. Claude-Alain Margelisch clearly states that a tax deal veto means loss of money by the German state.

After the ratings by existing agencies were criticized on the grounds of biasing and arbitration, the International Non-Profit Credit Rating Agency (INCRA) rated the five governments in an attempt to give fair judgment.

It has been reported that Moody's Investors Service, rating agency, has wiped out France from triple-A credit rating. The action was taken by the agency on Tuesday. Nations that have received top rating from the agency previously are now worrisome about the ratings.

It seems that the Nokia Lumia 920 is proving a big success for the company as reports are confirming that the regional launch of the product has sold out all the pr-order bookings that were allocated to serve the first two weeks of the product in the market, says Nokia Middle East.

It seems that the chemical company Oxea has received a great boost as it has successfully increased the limit of its syngas production ability in Bay City, Texas. However, now they have been planning to expand other projects.