US banks reluctant to ease lending standards

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP

According to survey done by Federal Reserve, the number of banks that lessened business loan conditions has decreased in the 3rd quarter. Creditors have also squeezed loan terms on debt to European financial institutions and their partners. About 50% of US banks admit they have provided loans to European contemporaries and consider tightening as reasonable strategy amid EU debt crisis. 

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Tue, 08 Nov 2011 12:33:27 GMT

Papandreou and Samaras closer select new PM

Premier George Papandreou and opposition leader Antonis Samaras have made a step closer to name the new prime minister of Greek Unity parliament, said Elias Mosialo, Greek parliament spokesperson. The agreement on new PM is essential in order to secure funding from EFSF. Today the talks will continue in Athens. 

Tue, 08 Nov 2011 09:30:14 GMT

Indonesia’s economy gains 6.5%

Indonesian GDP added 6.54% throughout July to September. The country experiences growth for a 4th quarter indicating economy recovery. National consumption together with exports and investment are the main contributors to Indonesia growth. According to Dariusz Kowalczyk, Credit Agricole CIB strategist, the growth proves country's strength against external global weakness. Nevertheless, Bank Indonesia said, it is not planning to decrease borrowing rates.

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