Another volcanic eruption in Iceland?
In the event of another powerful eruption by an icelandic volcano, the financial impact upon the European airline industry might be catastrophic.
View ArticleEuro zone industrial April orders up 0.9 percent
Eurostat releases report on industrial new orders for the month of April
View ArticleReal estate corrections not to affect Singapore banks: Fitch
Real estate corrections not to affect Singapore bank, said a Fitch report on the banking sector stability in the Asia-Pacific region.
View ArticleMoody's says budget supports Britain's triple A rating
The fiscal tightening unveiled by Britain's coalition government this week, if successfully implemented, should ensure the UK retains its triple A credit standing, rating agency Moody's said on Wednesday.
View ArticleEU focuses on deficit, not growth, ahead of G20
In the face of economic realities, European governments have decided to responded with austerity measures, choosing to focus on public debt reduction rather than stimulating economic growth through...
View ArticleItaly unemployment rate rises to 9.1 pct in Q1
The unemployment rate in Italy rose for the first three months of the year to 9.1 percent from 7.9 percent in first quarter of 2009, the Rome-based research center Istat said.
View ArticleFrench consumer spending rose in May; economy to grow 1.4 pct in 2010
INSEE expects the French economy to create 63,000 new jobs in 2010, after losing 255,000 last year. The unemployment rate is expected to remain unchanged at 9.9 percent.
View ArticleU.K. austerity a matter of political will
The success and implementation of U.K.'s additional spending cuts and taxes hikes are largely a matter of political will, said Mortiz Kraemer, Standard and Poor's head of sovereign ratings for Europe.
View ArticleGreek CDS, bond yield spreads rise
The cost of protecting government debt against default in Greece hit a record high on Thursday while its bond yield spread widened ahead of Greek bonds being dumped by index fund managers at month end.
View ArticleBank of England lists key risks in UK financial system
In its bi-annual financial stability report, the Bank of England outlines the key risks to the UK banks
View ArticleGreece trade deficit down 36 pct in April
Greece’s deficit of trade balance amounted to 1.55 billion euros ($2.06 billion), 36 percent less than last year’s deficit of 2.42 billion euros ($3.17 billion).
View ArticleLeaders end G8 without agreement on bank tax; G20 begins
Leaders of the Group of Eight Industrialised Nations have ended their summit without an agreement on an international bank tax.
View ArticleCentral banks warn of new crisis if exit left too late
Central banks warn of new crisis if exit left too late
View ArticleG20: Much ado about something?
G20 leaders agree to disagree on how to engineer their respective economic recoveries.
View ArticleMarkets await UK final estimate GDP Q1; NIESR predict revision up to 0.4 pct
The FTSE 100 share index is awaiting the UK's final estimate of GDP for the first quarter of 2010 after the markets took in a sudden revision downwards of US Q1 GDP.
View ArticleReforms needed to boost Nigeria corp bond mkt: c.bank
Further reforms, including to pensions and insurance, are needed to enliven Nigeria's corporate debt market, central bank Governor Sanusi Lamido Sanusi said on Monday.
View ArticleHouse prices fall between April and May
Housing prices have stalled, say latest figures from the Land Registry.
View ArticleCBI head Richard Lambert to step down in 2011
Richard Lambert, head of the Confederation of British Industry, said on Tuesday he would step down from his position when his five-year term ends next year.
View ArticleGreek strike to test government pension reform
Greek workers stage a new 24-hour strike on Tuesday that will gauge public discontent with government austerity measures, including a radical pension reform aimed at helping the country solve its huge...
View ArticleQ1 GDP figures to be released 12 July in UK
Final revised GDP figures for growth in the UK are to be released late after a 'potential error' in the data led to concerns over its reliability.
View ArticleHydro is Mozambique's top energy priority: minister
Mozambique's top energy priority is to develop hydro-electricity projects, and will then focus on gas, wind and solar power, its energy minister said on Tuesday.
View ArticleEuro challenged by debt roll-over and strikes
The euro faces challenges from worker strikes and the expiry of 1-year loans to European banks.
View ArticleBanks borrow less than expected from ECB, easing fears
Banks borrowed less than expected from the European Central Bank in a key funding operation on Wednesday, easing fears about their ability to cope with the repayment of close to half a trillion euros...
View ArticleIreland exits recession but recovery fragile
Ireland officially quit the euro zone's longest-running recession in the first quarter, data showed on Wednesday, but it remains far away from the sustained recovery needed to help fix its fiscal...
View ArticleBank of England member argues against rate hike; warns of recession risks
BoE member argues against rate hike; warns of recession risks
View ArticleDeficit plan will cut 600,000 public sector jobs
The government's efforts to cut a record budget deficit will result in about 600,000 public sector job losses, figures from the independent Office for Budget Responsibility showed on Wednesday.
View ArticleInflation not one of eurozone's problems
Inflation in the eurozone is likely to stay subdued because of limited demand from the economy; and the European Central Bank will probably keep interest rates unchanged well into 2011, according to...
View ArticleBank's Miles says no need for interest rate hike yet
UK inflation is "uncomfortably" high, but there is no need for an immediate hike in interest rates, Bank of England policymaker David Miles said.
View ArticleRoy Hodgson moves to Liverpool; Harry Redknapp still linked to England post
Roy Hodgson has moved to Liverpool as reports of Harry Rednapp becoming England manager continue.
View ArticleSpain car sales to decline sharply in second half: report
Anfac expects a sharp drop in car sales in Spain in the second half of 2010
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