Euro Zone officials to look for global help

Note: This section contains information in English only.
Source: Bloomberg
17-country FMs voted in favour of a firewall package adding EUR 500 billion (USD 667 billion) fresh rescue cash to EUR 300 billion already provided to bailout programs. The overall firewall size now totals USD 1 trillion plus about EUR 1 trillion ECB aid to the region's lenders. Europe has met the requirements and now awaits talks with IMF on April 20 to get more support, French FM Francois Baroin said over the weekend. 
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Mon, 02 Apr 2012 06:19:09 GMT

Australia's PMI showed contraction in March

Australian manufacturing activity contracted in March amid firm Australian Dollar and weak global demand. The PMI declined by 1.8 points, attaining 49.5 last month on a seasonally adjusted basis. The major contracting industries were clothing, wood products, furniture and footwear. At the same time transport equipment and machinery indicated expansion.

Mon, 02 Apr 2012 10:47:55 GMT

Japanese manufacturer sentiment remains unchanged in March

Japanese producer sentiment stayed steady in March as managers forecast the Yen may recover against greenback, harming exporter turnover. The Tankan index, measuring manufacturing sentiment remained unchanged from December at minus 4. Analysts expected the gauge to improve to minus 1. A reading below zero indicates that pessimists outnumber optimists.

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