A look at the economic developments in the world (AP)

A look at economic developments and activity in key markets stock around the world Thursday:

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LONDON - The European Central Bank raised its interest rates and refers more to come, the latest sign that it will not be derailed by the debt crisis in its mission to fight inflation.

The quarter-point hike, to 1.5%, was the second this year and largely expected by the markets despite an economic slowdown and the debt crisis, which almost caused the Greece default this month.

The Bank also agreed to extend the liquidity of emergency Portuguese banks, as it did with the Greece and the Ireland, even if one of the main agencies rating downgraded to junk status, the obligations of the country.

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LONDON - stronger than expected figures U.S. pushed stocks higher investors European jobs and helped to brush off the coast of the increase in rates of interest in China and Europe.

Hope in the markets, it is that the recent soft patch in U.S. economic dataflow arrived at the end, giving a new impetus to the global economy.

Germany of DAX closed up to 0.5%, the CAC 40 in France increased by 0.5% and the FTSE 100 of leading British shares increased by 0.9%.

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TOKYO - Earlier in Asia, stocks were mixed. Japanese Nikkei 225 fell by 0.1%, Composite index of Shanghai China lost 0.6%, Hang Seng Hong Kong closed marginally while Nestle South Korea was 0.4% higher index.

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MADRID - Spain had to pay a large increase in two auctions of bonds interest rates, reflecting renewed market pressure on the country's capacity to manage its debt.

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BERLIN - Eurogroup Chief Jean-Claude Juncker called for "more responsible behaviour" of rating agencies in the wake of a much-criticized downgrade for the Portugal.

European officials were scathing about the downgrading by Moody this week, as the newly elected Portuguese Government pushes through austerity plans.

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ROME - Probing Rising sugar prices up prices of the food world again in June, after a brief lull. The Nations United Food and Agriculture Organization, said its index of food prices rose 1 percent. Food prices are 4 percent below the record high registered in February.

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WASHINGTON - Trade house and Senate leaders, said they were looking for a compromise solution to expand worker assistance program which has become the main obstacle to approval of the Congress of the trade agreements with the South Korea, the Colombia and the Panama.

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NEW DELHI--Boeing provides a market of $ 150 billion for aircraft passengers in India over the next 20 years, driven by a booming economy.

Indian airlines will have to buy some new 1.320 had to meet the demand for an expansion of the aviation sector, said Boeing India President Dinesh Keskar.

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LONDON - The Bank of England kept interest rates at an all-time low of 0.5%, while the economic recovery warm in Britain continues to outweigh concerns about inflation.

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Singapore - Singapore investment company Temasek says that its investments reached a record profit of solid tire of Asian companies.

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LONDON - Making British production increased by 1.8% in may, reversing a decline a month earlier.

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NEW DELHI - A Minister of the Indian Government has offered to resign after investigators said they were probing his alleged involvement in a scandal of telecommunications, the media, said.

The allegations against Dayanidhi Maran more Terni the Government of Prime Minister Manmohan Singh, who was beaten by a second telecoms scandal and other cases of large-scale corruption.

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TALLINN, Estonia - in June consumer prices have been 4.9% more that a year ago. It is the highest rate in the eurozone 17 members.

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Copenhagen--The Denmark Central Bank raised its lending rate key by a quarter of a percentage to 1.55% point follow a similar approach by the Central Bank European.

The Denmark is a member of the European Union but is not one of the 17 countries that use the euro.