Category Archives: Economy
China second quarter GDP growth seen at 7.5 percent: government think-tank
(Reuters) – China’s annual economic growth could slow to 7.5 percent in the second quarter, largely due to curbs on the property sector and headwinds from external demand, the State Information Center, a government think-tank, … continue…
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Exclusive: ECB stops operations with some Greek banks
(Reuters) – The European Central Bank has stopped providing liquidity to some Greek banks as they have not been successfully recapitalized, the ECB said on Wednesday, confirming news earlier reported exclusively by Reuters. The news … continue…
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Greek political turmoil heightens euro exit fears
(Reuters) – Fears of a Greek exit from the euro zone worsening the debt crisis facing other European nations gripped financial markets on Wednesday, sending shares and other riskier assets lower as investors shifted funds … continue…
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Foreclosed Americans find way back to homeownership
(Reuters) – When Jennifer Anderson’s family could no longer afford their mortgage and lost their home, she expected many years to pass before they would again become property owners. But less than two years later, … continue…
German economy powers on, French growth evaporates
(Reuters) – Germany’s economy confounded expectations by posting robust growth in the first quarter of the year while France could summon up none at all and Italy slid further into recession, data showed on Tuesday. … continue…
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Output falling, Euro zone heads for recession
(Reuters) – Output at factories in the euro zone unexpectedly fell in March, the latest in a series of disappointing numbers signaling that the bloc’s recession may not be as mild as policymakers hope. Industrial … continue…
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Fears over Spain linger despite banking plan
(Reuters) – Spain’s clean-up plan for its troubled banks lacks some of the key ingredients that helped other governments restore faith in their financial sectors, restructuring experts said, pointing to a potential need for heavier … continue…
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China acts to boost loans, bolster flagging economy
(Reuters) – China’s central bank cut the amount of cash that banks must hold as reserves on Saturday, freeing an estimated 400 billion yuan ($63.5 billion) for lending to head-off the risk of a sudden … continue…
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May consumer sentiment hits more than 4-year high
(Reuters) – U.S. consumer sentiment rose to its highest in more than four years in early May as Americans remained upbeat about the job market, a survey released on Friday showed. The Thomson Reuters/University of … continue…
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Banks prepare for the return of the drachma
(Reuters) – Banks are quietly readying themselves to start trading a new Greek currency. Some banks never erased the drachma from their systems after Greece adopted the euro more than a decade ago and would … continue…
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