US unemployment rate decreases to 8.6%

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/Reuters

US jobless rate declined to 8.6% in November, the lowest level in the last two years. US economy succeeded in creating over 120,000 jobs in the period, reported Labor Department. However, experts claim that the decrease was mainly caused by fall in the total labor force as more than 315,000 people stopped searching jobs during November indicating the desperation among the society.

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Fri, 02 Dec 2011 16:24:46 GMT

Eurozone central banks may deliver $270bn via IMF to tackle debt turmoil

According to officials familiar with matter, the European leaders' proposal to guide central banks' loans through IMF could provide nearly €200bn to tame debt crisis. According to proposal central banks will recycle capital via IMF. As Germany is not willing to lend extra money to troubled countries, the proposal would reveal additional source of funding. 

Fri, 02 Dec 2011 14:21:34 GMT

Germany's DAX extends gains

German benchmark index DAX 30 jumped by 1.4% on Friday with Deutsche Bank AG up 4.2% and Commerzbank AG gaining 5.2%. German Auto makers also provided a positive contribution to the index as BMW AG edged up 2.3%, Volkswagen AG added 2.4% and Daimler AG rose by 3.3%. Philip Shaw, Investec Securities' chief economist claims markets look forward next week's summit hoping for the positive

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