IMF to reconsider Greek loan conditions

Source: Bloomberg
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. 
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Fri, 29 Jun 2012 09:25:39 GMT

Nikkei 225 index rallies on the Brussels summit decision

Japan's shares rallied on Friday sending Nikkei 225 index 1.5% or 132.67 points higher to 9,006.78. Markets experienced an uplift after Eurozone leaders conceded to relieve repayment criterion for emergency loans to Spain's lenders and ease potential aid for Italy at the summit in Brussels dealing with the debt turmoil. Export shares contributed positively to the index with Sony Corp

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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