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Spain's Jobless Rate Hits Record High as Bailout Pressure Mounts on Rajoy
One in four out of work in Europe's fourth-largest economy amid deepening recession.
Martin Baccardax Oct 26, 2012
Germany Does Politics, Too: Merkel's EU Budget Warning Sees Cameron as Useful Foil
Germany's Angela Merkel has cannily played Prime Minister David Cameron into a futile stance on Europe's Budget negotiations.
Martin Baccardax Oct 22, 2012
Spain: Rajoy Defiant on EU Bailout as Regional Elections Loom
Spain's Prime Minister faces challenging votes in Catalonia and the Basque region as investors fear window of opportunity for EU support closing fast
Martin Baccardax Oct 19, 2012
Greece Anti-Austerity Demonstrators Clash with Police in National Strike [SLIDESHOW]
Demonstrator dies of heart attack while four others injured after police clashes.
Umberto Bacchi Oct 18, 2012
US Dollar Debate: Fed Policy Deliberately Weakens Greenback, Currency Experts Say
FX specialists debate on whether the US Federal Reserve is intentionally weakening the dollar, resulting in a ‘currency war’.
Lianna Brinded Oct 17, 2012
Goldman's Jim O'Neill: Bric Countries to Set up Development Bank
Legendary chairman of Goldman Sachs Asset Management says a union of several emerging markets are looking to set up a development bank
Lianna Brinded Oct 17, 2012
EU Toughens Iran Sanctions As Rial, Economy Struggle
The EU approved a second round of tough trading sanctions on Iran as crude exports, currency continue to tumble.
Martin Baccardax Oct 15, 2012
The New 'Plan B' Growth Theory Clashes with Cold Political Reality
Budget cuts and bank capital rules are being reconsidered as world leaders push for Plan B in face of slowing economic growth.
Martin Baccardax Oct 15, 2012
Alvin Roth and Lloyd Shapley win Nobel Prize for Economic Sciences [VIDEO]
US economists Roth and Shapley win coveted 2012 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel
Lianna Brinded Oct 15, 2012
Asian Markets Weekly Report: Investors Wary of Weak Global Outlook
Asian markets end moderately higher this week after better weekly job data from the US and improvement in Sino-Japanese relations.
Prasanth Aby Thomas Oct 13, 2012
Europe Heading for 'Triple Bailout' as Germany Pushes to Bundle Aid Requests
Spain insists there's no pressure to seek financial aid, IMF urges more time for budget measures to take hold as Germany juggles multiple bailouts
Martin Baccardax Oct 12, 2012
Nikkei Drops While Other Asian Markets Gain
Shanghai Composite Index up 0.10 percent while Hang Seng and KOSPI end 0.65 percent and 0.01 percent higher. Nikkei drops 0.15 percent.
Prasanth Aby Thomas Oct 12, 2012
FSA's Turner Calls for More 'Unconventional' Monetary Policy from Bank of England
Lord Turner, FSA chairman and Bank of England governor contender, says innovative policies are needed to lift the country out of the downturn.
Shane Croucher Oct 12, 2012
IMF Annual Meeting: Christine Lagarde Says Greece and Spain Should Have More Time to Reduce Deficits
Several emerging economies welcome new policy, but Germany opposes it.
Geetha Pillai Oct 12, 2012
UK Economy to Stall for Another Year and £50bn More QE Coming, Say Economists in Poll
Reuters survey of economists shows most think British economy will barely lift out of recession over the next four quarters.
Shane Croucher Oct 11, 2012
Bank of England's Martin Weale: UK Facing Triple-Dip Recession
MPC member Weale also used Daily Mail interview to air inflation concerns over more quantitative easing in the UK economy.
Shane Croucher Oct 11, 2012
S&P Cuts Spain's Credit Rating to BBB-, Near Junk Status
S&P cites deepening recession and limited options before government to deal with the crisis as reasons for downgrade.
Geetha Pillai Oct 11, 2012
IMF Urges Swift Action to Stop Spread of Economic Crisis [VIDEO]
IMF says global economic slowdown has begun affecting emerging nations, a major force in pulling the world out of 2009 recession.
Geetha Pillai Oct 11, 2012
Chinese Stocks Gain as Other Asian Markets Decline
Nikkei drops to the lowest level in two months, sliding 1.98 percent. KOSPI down 1.56 percent while Hang Seng eases 0.08 percent. Shanghai index rises 0.22 percent.
Prasanth Aby Thomas Oct 10, 2012
David Cameron at Conservatives' Conference Live: 'Hour of Reckoning' for British Economy [VIDEO]
Prime minister speaking at Conservative party conference insisting '"painful decisions' and austerity imperative if UK economy to recover.
Shane Croucher Oct 10, 2012
Greece Exit Talk Three Years Too Late, Says USC Economist Pesaran
USC's John Elliot economist Mohammad Pesaran says and orderly 'Grexit' is impossible without some form of debt forgiveness.
Lianna Brinded Oct 10, 2012
China Snubs IMF Meeting in Tokyo Over Diaoyu-Senkaku Island Row
International Monetary Fund confirms absence of governor of People's Bank of China at annual meeting in Tokyo.
Geetha Pillai Oct 10, 2012
IMF: Eurozone Crisis Key Threat to Global Financial System
Fund warns of capital flight, breakup fears and economic decline unless policymakers take crucial decisions.
Geetha Pillai Oct 10, 2012
Asian Markets Decline on US Earnings Concerns and European Crisis
South Korea's KOSPI falls 1.18 percent, Shanghai Composite Index is lower by 0.57 and Hang Seng by 0.56 percent.
Prasanth Aby Thomas Oct 10, 2012
Tory Conference: Britain in 'Do or Decline' Situation - Cameron [VIDEO]
IMF scaled down Britain's growth forecast
Vasudevan Sridharan Oct 10, 2012
Britain's Economy Grew 0.8% in Third Quarter - NIESR
Leading economic thinktank says underlying growth may only be 0.2 percent as economy stagnates.
Shane Croucher Oct 09, 2012
Jack Straw: Two European Unions Will Form by 2020
Former UK home secretary and foreign Secretary sees a gulf between a core EU and periphery EU countries
Lianna Brinded Oct 09, 2012
Merkel and Samaras Vow to Keep Greece in Eurozone as Protests in Athens Turn Violent [VIDEO]
Merkel praises reforms but warns of tough road ahead as IMF says Greece likely to miss key debt targets in 2011 bailout agreement.
Martin Baccardax Oct 09, 2012
Is the UK Creating a New Credit Bubble?
Banks encouraged to boost lending but is this wise as outlook for UK economy worsens?
Shane Croucher Oct 09, 2012
Asian Markets End Mixed as China Provides Hope
Nikkei ends 1.06 percent lower while KOSPI falls 0.14 percent. China's Shanghai index and Hong Kong's Hang Seng gain 1.97 percent and 0.54 percent.
Prasanth Aby Thomas Oct 09, 2012
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