Woes are getting bigger among investors as analysts have shown big concerns and worries regarding the US market and the figure game.

According to the estimates of U.S. market analysts, the U.S. earnings growth could soon see steep fall, following the turmoil in Europe and weak Chinese economy which is hurting foreign support majorly today.

Following the turbulent economy of the world, China's economy has also begun to surrender its weapons to fight inflation and recession. It has been informed that because of the lower demand from the US and European countries the growth of the country is getting affected.

It is believed that if soon nothing is done to support the growth of China than the world might witness yet another recession. A report on the HSBC preliminary purchasing managers' index (PMI) has highlighted that the PMI is lower than 50 in September.

The association of Brazil, Russia, India and China, also known as BRIC, is being appealed to aid the European nations so as to relieve them from the huge debt-burden.

The agenda will be raised at the IMF-World Bank meeting to be held in Washington next week.

Economic Affair Secretary R Gopalan revealed that the BRIC authorities will be discussing about the way of helping out the European nations.

A statement, out from Ministry of Commerce of China, has notified that they are willing to help out Europe and considers it as their responsibility in the times of need.

World Trade Organization Affairs Director of Ministry Chai Xiaolin stated, "It is our responsibility to help them (Europe) within our capabilities". However, Xiaolin spoke nothing about type of aid they will be providing to Europe, but she was determined that it is China’s duty. She said that China’s status is well recognized in European economy and it will continue to deal with the worldwide markets.

Festival organizers have reported that China has surprised the judges by presenting their fireworks on the first night of the 21st competition of Light Title. China has invented fireworks more than 14 centuries ago and it was a close competition. The three shows were produced by Sirius Pyrotechnics of Montreal.

Recently, The Harris Poll conducted a survey to realize the buying habits of consumers all over the world. As a result, it found that in comparison to rest of the countries, Indian and Chinese buyers are very brand conscious. Especially when it comes to accessories and clothes, brand names is the foremost to be considered aspect for them.

BBVA, the second-largest bank in Spain, has announced that it would increase its holding stake in China Citic Bank (CNCB) from 10% to 15% for about 1 billion euros (1.58 billion dollars).

According to the statement issued by the Spanish stock exchange officials, BBVA will buy additional 4.93% of Citic for about HK$6.45 per share.

The bank said in a statement that the purchase would take BBVA’s interest to 15%, at the cost of around 1 billion euros.

Banco Bilbao Vizcaya Argentaria (BBVA) SA, the second-largest bank in Spain, aims to increase its stake in China CITIC Bank Corp to 15%.

Earlier, it hold 10% equity stake in the stake in China CITIC Bank, which is the listed banking unit of the China’s largest investment conglomerate.

According to the sources, the Spanish lender expects to allocate EUR 1.1 billion to buy a 5% stake in China CITIC Bank at HK$6.45 per share.

The move is in proportion to BBVA’s strategy to merge its position as a leading foreign investor in China’s banking industry.