OREANDA-NEWS. On 14 April 2009 UFC Capital announced, that Chinese export decline is slowing down. In March 2009, the Chinese export reduced 17.1% to USD 90.29 bn versus March 2008. Meanwhile, its import decreased 25.1%. We must say that its export decline in March was not as significant as in February 2009 (25.7%). Due to the global trade decline and dramatic deceleration of the Chinese economy almost seven million of Chinese lost their jobs.

Ireland buys mortgage loans out from the banks. The government of Ireland is to buy out mortgage loans for the total of ?80-90 bn from six largest banks of the country. The loans amounting to almost 50% of the country GDP will be transferred under the management of the National Asset Management Agency, established specially for this purpose. Instead, the banks will get the governmental bonds. The government will pay for these assets less than their par value, taking into account the lowering prices for real estate. Thus, Ireland will be the first country in Eurozone that establishes the bank for “bad assets” to clean its banking system out.

For the second day in a row PFTS adds in excess of 5%. April 10, on PFTS there were made 174 deals with the Ukrainian companies shares for the total of 6.7 mn. The PFTS index grew 5.58% to 295.51 points.