Francois Hollande won French elections

Note: This section contains information in English only.
Source: BBC
© Scanpix/Reuters
France has elected new president, Francois Hollande who polled about 52% of the votes. Mr Hollande said that he is proud to return hope to people again. He also announced that he would attempt to rework deal regarding sovereign debt in the Euro Zone countries to promote economic expansion.


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Mon, 07 May 2012 06:28:02 GMT

IMF may discontinue Greek bailout funding

The IMF has warned Greece to halt Greek bailout funding after the preliminary results of the Greece parliamentary elections. The IMF announced that in case the country does not meet agreed austerity measures, the bailout funding will be suspended starting from June, according to the official IMF statement.

Mon, 07 May 2012 06:05:53 GMT

Australian business confidence improved last month

Australia's business confidence improved last month amid anticipation of the further rate reduction by the Australia's central bank. However, actual economic situation remained weak. Business confidence index added four points last month after gaining three points in March. At the same time, business conditions declined by three points, attaining zero in April.

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