Eurozone agreed on direct bank aid

Note: This section contains information in English only.
Source: BBC
EU leaders agreed to use financial resources of the Eurozone's bailout fund to backup banks directly, without increasing sovereign debt. Eurozone-wide body to supervise the banks also was established, said Herman van Rompuy, EU chief. Experts claim that persistent worries over Italy's and Spain's economic instability finally persuaded Angela Merkel to shift to more growth-boosting strategies. The project is expected to be finished in July.  

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Fri, 29 Jun 2012 07:36:25 GMT

Japan's unemployment rate dropped to 4.4% in May

Japanese unemployment rate declined to 4.4% last month, indicating moderate recovery of the labour market after recent natural disasters, reported the Internal Affairs ministry. Experts projected the jobless rate of the country to approach 4.6% last month. Meanwhile the number of new job offers jumped by 3% on a monthly basis and by 24.4% on an annualized rate.

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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