Category Archives: Economy
Spain to request EU bank aid on Saturday
(Reuters) – Spain is expected to request European aid for its ailing banks at the weekend to forestall worsening market turmoil, becoming the fourth and biggest country to seek assistance since the euro zone’s debt … continue…
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China rate cut sparks fears of grim May data
(Reuters) – Global cheers over China’s decision to cut interest rates faded on Friday as investors and economists worried that the move signaled the impending release of grim economic data. China’s surprise rate cut unveiled … continue…
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China makes surprise interest rate cut
(Reuters) – China delivered twin surprises on interest rates on Thursday, cutting borrowing costs to combat faltering growth while giving banks additional flexibility to set competitive lending and deposit rates in step along the path of liberalization. … continue…
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EU, Germany exploring Spanish rescue, no request yet
(Reuters) – Germany and European Union officials are urgently exploring ways to rescue Spain’s debt-stricken banks although Madrid has not yet requested assistance and is resisting being placed under international supervision, European sources said on … continue…
EU eyes new regime to cope with stricken banks
(Reuters) – The European Commission proposed far-reaching powers for regulators to deal with failing banks on Wednesday, a step towards the banking union the European Central Bank and others are pushing for to secure the … continue…
Spain debt woes spur flight from risk assets to U.S. bonds, dollar
(Reuters) – Asian shares and commodities slid while the euro fell to its lowest in almost two years against the dollar on Thursday, as surging borrowing costs in troubled Spain raised fears that it could … continue…
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May consumer sentiment highest in more than four years
(Reuters) – Consumer sentiment rose to its highest level in more than four years in May as Americans stayed optimistic about the job market, while higher income households expected to see bigger wage increases, a … continue…
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Governments must restore faith in debt sustainability
(Reuters) – Governments must restore confidence in their ability to sustain their public debts, and a look at debt servicing costs in countries like Italy, Spain and Belgium shows this is not hard to achieve, … continue…
China factory data signals weak first-half growth
(Reuters) – China’s factories took a hit in May as export orders fell sharply, a private sector survey showed on Thursday, suggesting surprise weakness in April’s hard economic data persists even as policymakers seek to … continue…
EU urges Greece to stay in euro, plans for possible exit
(Reuters) – European Union leaders, advised by senior officials to prepare contingency plans in case Greece decides to quit the single currency, urged the country to stay the course on austerity and complete the reforms … continue…
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