US shares recover on Alcoa surprise results

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Source: Marketwatch
US stock markets closed higher on Wednesday after aluminium manufacturer Alcoa posted an unexpected profit amid declining Spanish and Italian borrowing costs. S&P 500 index gained 0.74% or 10.12 points and finished at 1,368.71 while Dow Jones Industrial Average index added 0.70% or 89.46 points and closed at 12,805.3. Nasdaq Composite climbed 0.84% or 12.24 points settling at 3,016.46.
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Thu, 12 Apr 2012 07:07:32 GMT

IMF to lend 987 US Dollars to Bangladesh

The IMF agreed to provide a 987 US Dollars loan to Bangladesh to increase country's  foreign exchange reserves. Bangladesh faced a decline in currency reserves as sharp growth of the energy prices spurred oil import costs. To receive the loan the country has to raise tax revenues and cut subsidy costs.

Thu, 12 Apr 2012 07:33:08 GMT

European shares recover on ECB announcement

European stock markets rebounded on Thursday as representatives of ECB signalled the lender may renew the bond purchases. Stoxx Europe 600 index gained 0.7%, FTSE MIB index rallied 1.6% and Spanish IBEX 35 index jumped 2%. UK FTSE index climbed 0.7%, German DAX index added 1% and French CAC 40 index soared 0.6%. 

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