IMF raised 320 billion US Dollars aimed at boosting the firewall

Source: Reuters
The IMF announced that it has secured 320 billion US Dollars in drive for increasing the fund's lending capacity. Switzerland and Poland have already contributed to the fund expansion.  The IMF hopes to raise about 400 billion US Dollars in commitments from countries around the world. The move followed surging borrowing costs of Italy and Spain that escalated concerns over the Euro Zone's economic instability.


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Thu, 19 Apr 2012 10:14:13 GMT

Japanese trade balance declined more than projected in March

The trade balance of Japan dropped more than initially expected in March, reported the Ministry of Finance. Japan's deficit approached 621 million Yens as compared to deficit of 321 million Yen in February.   Analysts expected Japan's trade balance to decrease to minus 430 million Yen in March.

Thu, 19 Apr 2012 11:20:14 GMT

France and Spain to raise USD 18 billion in bond auction

France and Spain plan to assemble EUR 13.5 billion (USD 17.6 billion) in bill auction today as Spanish PM Rajoy struggles to reduce budget deficit and presidential elections in the France drive yields up. France is issuing 2017 bills  and 2018 inflation linked notes, a maximum target of EUR 11 billion while Spain is planning to raise EUR 2.5 billion in 2-year and 10-year

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