Eurozone offers Spanish banks urgent aid

Note: This section contains information in English only.
Source: Bloomberg
EU governments will start with providing EUR100 billion loans to help Spanish banks to recover and could write off these costs from the Spain's government balance sheet. EUR30 billion will be provided by the end of July to support banks directly, without adding to the existing government debts as it was initially planned. Policymakers also expressed their intentions to offer concessions to Ireland and delay Greece's cash crunch.
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Tue, 10 Jul 2012 09:54:54 GMT

India's growth forecast upgraded from zero to 4.8% for 2012

Economists changed forecasts about India from 0% growth to 4.8% expansion this year. Such change was determined by Industrial Production index that rose from 0.1% in April to 1.8% in the beginning of July. Infrastructure sector also recovered slightly,  with its output growing by 3.8% in May on an annual basis. However,  eight core industries faced contraction. Though the economy growth is still below average 

Tue, 10 Jul 2012 11:08:53 GMT

China's imports and exports slow down

China's imports grew only by 6.3% last month, confronting expectations of an increase of 11.3% as seen from the results of the Dow Jones Newswires pool. The country's  exports added 11.3% in June 2012; however, they are still below their peak of 15.3% in May this year. This slowdown shows that the Chinese economy needs additional stimulus, say experts.

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