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

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP

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. 

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Mon, 05 Dec 2011 07:34:31 GMT

Euro appreciates ahead of European summit

The European common currency appreciated versus its major counterparts, as Italy improved its deficit reduction plan ahead of European summit on Eurozone's debt crisis. Italian PM reported plan for austerity measures worth €30 bn euros. Euro gained 0.1% both against US dollar and Japanese yen reaching $1.3404 and ВҐ104.51 respectively in Tokyo trade. EUR/USD currently is trading at $1.3408 while EUR/JPY is trading at ВҐ104.55. 

Fri, 02 Dec 2011 14:32:59 GMT

US unemployment rate decreases to 8.6%

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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