A look at economic developments around the world (AP)

A look at economic developments and activity on major markets stock around the world Thursday:

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Frankfurt, Germany - Central Bank Chief Jean-Claude Trichet offered European who have difficulties with the Greece, of Portugal and Ireland a bit of relief by signalling that the Bank would not interest rates as soon as the markets had expected.

The ECB left its main rate unchanged at 1.25% at a meeting in Helsinki in Finland. The euro suffered one of its worst day this year after Trichet reported another increase next month was not likely.

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Lisbon, Portugal - Portugal will get the IMF loans similar to those granted to the Greece and the Ireland rates, but Lisbon is still waiting for his European colleagues to decide how much they charge you for their slice of a bailout of $ 115 billion.

The sick country is struggling to get free its massive debts. Portuguese officials are eager to avoid the rescue terms that could thwart the economic growth necessary to create jobs.

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LONDON - Would euro fall abruptly after the President of the European Central Bank reported interest rates not increase again next month, as traders expected. The weak economic data U.S. powered is concerned that the global economy slows, striking stocks.

In Europe, the FTSE 100 index leading British shares closed 1.1%, while that CAC-40 the France fell 1 percent. The DAX Germany recovered from the previous sale and ends up less than 0.1%.

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TOKYO - The dollar did 80 Japanese yen for the first time since the Group of seven central banks intervened to weaken the yen in mid-March. Investors have speculated that Japan may again intervene to stem appreciation undermining the export of the yen.

The yen was supported late as young award-winning enterprise support in moments of aversion to the risk in the markets because of his status as a safe haven for investors.

In business, index shares Composite of Shanghai of China reference won 0.2 percent after its biggest loss in more than 2 months before. Hang Seng Hong Kong index fell 0.2 percent. South Korea and the Japan stock markets were closed for a holiday.

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LONDON - The Bank of England has kept interest rates at a record low of 0.5 per cent in the stagnation of economic growth and a drop of surprise in the inflation rate.

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BEIJING - Two of the largest companies of China technology launched a legal battle in Europe on mobile phone of patents, in a rare public clash between companies that promoted Beijing as national champions. The struggle between Huawei Technologies Ltd. and ZTE Corp., highlights the challenge to the Communist leaders who need to manage ambitions of Chinese companies as they try to create global competitors in telecoms, energy and other areas. It is the first case of its kind between large Chinese companies, which generally resolve disputes in private.

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Seoul, South Korea - the party in power of the South Korea ramming free trade agreement of the countries with the European Union by the Parliament in a boycott of opposition to a result which moves the focus to a still-challenge with the United States deal.

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MADRID - Spain has pay rates slightly higher to raise $ 5 billion in the auction of the obligations to 5 years after the rescue of the Portugal.

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JOHANNESBURG - Africa's economies are growing, but a Committee chaired by the first head of the United Nations in the region, said there is still too much dependence on exports of raw materials and not enough trade happening between the countries.

Kofi Annan Africa Progress Panel called quality low growth of Africa.

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Cairo - The Egypt net international reserves fell to $ 2 billion in April, the fourth consecutive month of decline. The Egyptian economy was presented by the legacy of the massive uprising that toppled former President Hosni Mubarak.

Net international reserves fell to 28 billion dollars in April, the lowest level for more than three years, $ 30.1 billion the previous month. The country foreign exchange reserves fell by $ 8 billion since December, months before, protests pushed Egypt on the slope of the political uncertainty and economic stagnation.

Analysts predicted foreign exchange reserves will fall as officials of trying to compensate for the steep decline in tourism receipts and foreign direct investment, two pillars of the economy.

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Warsaw, Poland - the Poland Government has accepted a draft budget for 2012 to reduce the deficit to 2.9% of GDP.

The deficit is expected to be less than 3% in the countries preparing to adopt the euro, as the Poland.

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AMSTERDAM - ING Groep NV reported first-quarter revenues increased by 12% on the margins of banking fat and improvements to its insurance business. The company said it intends to repay the $ 4.5 billion in money of rescue of the financial services, but the Dutch state.

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MADRID - Spanish bank BBVA said that its profit in the first quarter fell by 7.3% as a poor business climate in its offset improvement in the domestic market to the Mexico.

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LONDON - Lloyds Banking Group PLC reported a loss of $ 4 billion for the first three months of the year after a significant burden on the potential costs of compensation of the purchasers of the booking payment protection plans.