Morning in brief: Eurozone meets to increase EFSF, Facebook value estimated at $100 billion

Chancellor George Osborne outlines plan to bolster the UK economy as 17 eurozone finance ministers meet to boost the emergency bailout fund.

International

Eurozone finance ministers will meet today to confirm the details of increasing the European Financial Stability Facility (EFSF), says Reuters.

Companies

Facebook is rumoured to be considering an IPO of $10 billion (£6.4 billion), valuing the website at over $100 billion, according to Bloomberg.

 

Markets

Asian equity markets have rallied after France and Germany proposed to bring eurozone countries closer together in order to address the sovereign debt crisis, reports the BBC.

 

To receive more relevant articles like this one, why not sign up to our briefings and breaking alerts by clicking here.