European shares recover on ECB announcement

Note: This section contains information in English only.
Source: Marketwatch
European stock markets rebounded on Thursday as representatives of ECB signalled the lender may renew the bond purchases. Stoxx Europe 600 index gained 0.7%, FTSE MIB index rallied 1.6% and Spanish IBEX 35 index jumped 2%. UK FTSE index climbed 0.7%, German DAX index added 1% and French CAC 40 index soared 0.6%. 
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Thu, 12 Apr 2012 07:07:32 GMT

IMF to lend 987 US Dollars to Bangladesh

The IMF agreed to provide a 987 US Dollars loan to Bangladesh to increase country's  foreign exchange reserves. Bangladesh faced a decline in currency reserves as sharp growth of the energy prices spurred oil import costs. To receive the loan the country has to raise tax revenues and cut subsidy costs.

Thu, 12 Apr 2012 06:22:39 GMT

US budget deficit slightly lower in March

The US had a budget deficit equal USD 198 billion in March, Treasury department said on Wednesday. It compares with a slightly worse shortfall of USD 232 billion in February. Nevertheless the current estimate exceeds the USD 188 billion gap posted in March 2011. A portion of deficit came from reviewed TARP. No additional cash was provided for the programme. 

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