Japan's unemployment level climbed in April

Source: Reuters
Japan's jobless level accelerated 4.6% in April compared to a 4.5% in March. Economists predicted the unemployment rate to remain flat at 4.5%. However, the jobs availability in Japan also improved. The amount of new employment offers surged 3.6% from March and rallied 14.2% on yearly basis. Hiring was boosted by increasing demand for workers in construction jobs in region which suffered from the March 2011 earthquake. 
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Tue, 29 May 2012 06:52:03 GMT

Greek banks got 16 billion Euros from rescue fund

Four largest Greece's banks gained access to the ECB funds, according to the Greece's Ministry of Finance. The capital injection was implemented through bonds from the EFSF bailout fund and is aimed at pumping liquidity into National Bank, Eurobank, Alpha and Piraeus Bank. The banks gained 18 billion Euros for further recapitalization, the Finance Ministry added.

Mon, 28 May 2012 18:30:59 GMT

China's decision to increase stimulus package

Chinese government has made the decision of increasing stimulus spending in order to strengthen the country's economy. Despite the fact that some analysts believe that the plan is not sufficient to ensure the essential changes in the slowing region, the proposed program encompasses lowering interest rates as well as spending concerned with infrastructure development. Credit Suisse pointed out that the

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