Japan's government raises its stimulus budget for fiscal year 2013/14

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Source: Reuters
The Japanese government led by the Prime Minister Shinzo Abe raised its monetary easing budget for the this fiscal year by $53 billion in order to support the economy as the nation increases its sales tax next year, the Ministry of Finance reported on Thursday. The supplementary budget totaling 5.46 trillion yen is adding to the previous extra budget sizing 13.1 trillion yen, while the fiscal year 2013/14 government spending rose to 98.1 trillion yen.

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Thu, 12 Dec 2013 09:39:03 GMT

Australian jobless rate drops to 5.8% in November

Employment in Australia increased at the fastest pace in a seven-month period in November beating original expectations despite a fall of planned jobs in the country's car industry, a report published by the Australian Bureau of Statistics revealed on Thursday. The unemployment rate recorded 5.8% as the economy added 21,000 new jobs in November. 

Thu, 12 Dec 2013 09:15:04 GMT

U.S. stocks drop on new budget

U.S. shares edged lower on Wednesday trading session recording the largest drops in a month after the U.S. lawmakers agreed on a new provisional budget easing some of the fiscal drag and suggesting that the Fed may curb its stimulus on the next policy meeting. The S&P 500 Index shed 1.13% to 1,782.22, the Dow Jones industrial average fell 0.81%

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