EU agreed on more rigorous banks rules

Note: This section contains information in English only.
Source: BBC
The EU agreed on more rigorous bank rules in an attempt to reduce the risk of financial distress and a need for more bailouts. All EU nations agreed that banks should have more top-quality capital in view of growing uncertainty over the economic state of the region. The rules are expected to become effective in June.
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Wed, 16 May 2012 07:58:25 GMT

Japan's core machine orders shrank by 2.8% in March

Japan's core machine orders contracted by 2.8% in March, beating the expectations for a 3.5% fall. Considering yearly changes, core machine orders dropped by 1.1% in March as compared to a 4.4% increase projected. Meanwhile, core machinery orders are likely to gain 2.5% in Q2 of 2012 as compared to the preceding quarter.

Wed, 16 May 2012 05:31:25 GMT

Greek deposit withdrawal accounts for € 700 million

On Monday depositors withdrew  € 700 million from the Greek banks, making them heavily dependent on the European Central Bank as the banks seek to meet their funding needs. Total borrowed sum from the European Central Bank accounts for around a half of Greece's GDP. For the past two years deposit withdrawals have made up from € 2 to € 3 billion

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