April 2. It has been decided in G-20 meeting to provide $ 10 Trillion to Financial Institutions to over come current financial melt down.
Monthly Archive for April, 2009
April.2 The number of U.S. workers filing new claims for jobless benefits surged to a nearly 26-1/2 year high last week, data showed on Thursday, indicating that the pace of job losses was yet to peak.
At the same time, the number of laid-off workers collecting state unemployment benefits jumped to a record high in March, the Labor Department said, as the recession now in its 16th month makes it tough to find a new job.
At the same time, the number of laid-off workers collecting state unemployment benefits jumped to a record high in March, the Labor Department said, as the recession now in its 16th month makes it tough to find a new job.
April 2. European Central Bank has reduced its key Interest rate by 25 basis points, less thasn economists expected. Earlier in a press conference in Frankfurt, ECB president Mr. Jean Claude Trichet announced that the deposite rate is at an extremly low level at 0.25 percent and I don’t expect that we will move in the period to come.
The ECB is moving slowly towards the rate cut as the council members are trying to find new measures to reach Zero rate.