Reykjavik  - Iceland's battered economy is showing some signs of improvement with inflation appearing to have peaked, the head of a delegation from the International Monetary Fund (IMF) said Friday.

"The crisis has led to a sharp drop in economic activity, but a late-year turnaround remains within reach," delegation head Mark Flanagan said, adding that "the krona has stabilized and inflation appears to have peaked."

Tokyo - Japan announced on Friday it was drafting a new 100-trillion-yen (1.03-trillion-dollar) economic stimulus package, news reports said.

Finance Minister Kaoru Yosano said the details of the package would be made public by the beginning of April.

Prime Minister Taro Aso will present the plan at a meeting of G20 leaders in London on April 2, Yosano said.

Washington  - The number of US households in some stage of foreclosure rose nearly 30 per cent in February from a year earlier despite government efforts aimed at keeping people in their homes, according to data released Thursday.

Foreclosures rose 6 per cent from January with 290,631 properties - one in every 440 homes - having received notice from their banks or being in some stage of the foreclosure process in February, industry tracker RealtyTrac said in a monthly report.

Prague  - Luxembourg Prime Minister Jean-Claude Juncker Thursday called on the European Union to back bloc's members that face a threat of being put on an international black list of tax havens.

"I can't imagine for a single second that the European Union would agree to placing Belgium, Austria and Luxembourg on a list of countries against which it is necessary to adopt sanctions," he said through an interpreter during his Prague visit.

Tallinn  - Estonian Prime Minister Andrus Ansip said Thursday that the Baltic state could adopt the euro as its national currency by the middle of next year.

"It is possible that Estonia will request an extraordinary assessment from the European Commission and European Central Bank (ECB) this year," Ansip told a news conference in the Estonian capital, Tallinn.

"The purpose of requesting the assessment is so we could join the eurozone from July 1, 2010," he said.

Jakarta - More than 230,000 Indonesians lost their jobs between October and March as the world's fourth-most-populous nation was battered by the global economic downturn, media reports said Thursday.

Most of the lay-offs were recorded in the textile, garment, automotive, shoe-making, and paper industries, according to Sofyan Wanandi, chairman of the Indonesian Employers' Association (Apindo).

Thousands of job losses were also recorded at palm oil plantations and in construction projects.