US jobless claims declined by 6,000 last week

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Source: Forexpros
The number of individuals applying for unemployment benefits in the US decreased less than projected last week, according to the US Department of Labor. The number of jobless claims eased down by 6,000 to 386,000 on a seasonally adjusted basis, confronting the expectations for a 7,000 drop last week. Despite slowing recovery of the job market, the number of unemployment claims remained below 400,000; the level that separates recovery and deterioration of the labour market.


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Fri, 29 Jun 2012 08:53:24 GMT

IMF to reconsider Greek loan conditions

The IMF may reconsider Greek loan conditions after the visit to Greece next week, during which the IMF, ECB and the European Commission officials will meet the new government and evaluate the economic developments. Greek Prime Minister Antonis Samaras promised to continue to widen and deepen economic overhaul, as he requested to ease budget-austerity requirements. 

Fri, 29 Jun 2012 11:39:25 GMT

China's Industrial Companies Profits decline

Profits of Chinese industrial companies shrank for a second consecutive month in May owing to economic slowdown. According to the National Bureau of Statistics, income declined by 5.3% from 2012 to USD61 billion. It is expected that the Chinese government may introduce measures to foster economic growth by stabilizing international trade and investing in infrastructure development. 

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