Japan to provide 60 billion US Dollars to the IMF

Source: BBC
Japan will give 60 billion US Dollars in loans to the IMF to boost IMF lending capacity. The IMF has asked its members to contribute more funds to stabilize situation in the indebted Euro Zone countries. Meanwhile Japan expects other members of the IMF to back up the fund. The agreement with Japan is a significant step towards promoting world's economic stability, said Christine Lagarde, the head of the IMF.

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Tue, 17 Apr 2012 09:40:15 GMT

Retail sales in the US advanced by 0.8% in March

US retail sales eased up more than projected last month, extending previous month's gain, according to the US Census Bureau. The retail sales increased by 0.8% in March as compared to a 1.1% rise in the preceding month. Analysts predicted the figure to edge up by 0.3% in March. Core retail sales that exclude auto sales advanced by 0.8% in

Tue, 17 Apr 2012 08:01:26 GMT

Apple extends losses for a fifth session

Apple Inc stocks declined for a fifth consecutive session on Monday amid worries the demand for iPad may weaken and Apple partners including Verizon Wireless may cut subsidies for iPhone, hampering the profitability of Apple best selling items. Apple tumbled 4.2% and closed at USD 518.13 a share yesterday, posting the biggest drop since October 19. Until the latest drop Apple shares

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