Heizo Takenaka, an economist from Japan said that the central bank should consider increasing the purchases from the government debt to end the deflation, while he demanded one to three percent rise in consumer prices.

Amid the debt crisis that has grabbled Greece and Spain, the Euro rose 0.6% reporting a highest increase since last seven months.

The increase was recorded on Wednesday which is believed to come as efforts of Greece and Spain towards boosting their economy in order to get relief from the debt problems. The dollar, on the contrary, fell significantly putting it under pressure.

As per reports, it has been revealed that China's service sector has not been improving at a desired rate. It has been said that it's been second month and no changes in growth pattern have been witnessed, though expansion is taking place.

As per reports, it has been revealed that Lookout, a mobile security company has been entering into a deal with France Telecom, which is the owner of mobile carrier Orange. It has been found that France Telecom has decided to invest in the plans of Lookout, which now aims to become a household name.

As per the revelations of a new report, Sharp Corp. (6753. TO) has entered into a deal with Qualcomm Inc. of the U. S. The report says that both the companies are planning to build an energy-efficient LCD panel, which would be meant for smartphones. For the same, they have decided to use the Nikkei.

Tax loopholes on digital the sales of digital services will cost the UK government more than Olympics between 2008 and 2014, a new research has revealed.

Greece is planning to buy back bonds via Dutch auction, say officials on Monday. In its recent statement, Greece has confirmed its plans of buying back the bonds through a Dutch auction in an effort to cut its ballooning debt and further enabling it to carefully assess the level of demand prior setting out any final price for the deal.

Sirkeci Group owner, Faruk Boyaci, who is also the vice President of the Turkish Hotel Owner Association, narrated his success story to a Greek Reporter and here is a briefed account of the same.