Shares in Asia climb on China monetary easing

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Source: Marketwatch
Stock markets rallied in Asian on Thursday after China's central bank decided to provide a capital injection in country's markets and IMF presented plan to increase its lending amounts. Japan's Nikkei Stock Average jumped 1.3%, South Korea's Kospi advanced 1.1% while China's Shanghai Composite surged 1.2% and Hong Kong's Hang Seng Index added 1.15%. Australian S&P/ASX 200 was the only decliner. It dropped 0.1% on worse-than-expected job report. 
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Thu, 19 Jan 2012 08:22:31 GMT

UK may need to provide GBP17.5bn to help struggling EU countries

The IMF announced it needs additional GBP323 bn to rescue the EU countries strained by debt crisis, with the UK liable to provide about GBP17.5bn of this amount even despite economic problems. UK's economy is expected to have sunk over the last months, with growth indicating contraction, claimed George Osborne, UK's Chancellor. Britain will attempt to limit its contribution to

Thu, 19 Jan 2012 09:23:25 GMT

Germany officials reduce growth forecast for 2012

Germany lessened its GDP growth prediction for 2012 from 1% to 0.7%, said Philipp Roesler, German Economics Minister, in statement yesterday. Roesler suggested that the German economy may slow down in the first months of 2012 but strengthen later fuelled by increase in employment, and stronger growth. Domestic consumption is predicted to surge 1.1% this year compared to 2.2% in 2011.

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