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Anti-Austerity Strikes and Protests Sweep European Union
Anti-austerity protests are expected to disrupt public life and restrict transport links across the continent.
Prasanth Aby Thomas Nov 14, 2012
British Airways Owner IAG Cuts 4,500 Jobs in Spanish Airline Iberia
IAG plans to raise profits by at least €600m with restructuring plan.
Geetha Pillai Nov 09, 2012
EU Brussels Summit Pins Hopes on Eurozone Banking Union [VIDEO]
Banking union wants single supervisor under ECB but Germany prefers political union to tackle the region’s crisis.
Geetha Pillai Oct 18, 2012
Asian Markets End Higher Over Less Concerns on Europe and US Economy Push
Nikkei jumped 1.21 percent while KOSPI ended 0.70 percent higher. Shanghai Composite Index and Hang Seng were up 0.32 and 0.99 percent.
Prasanth Aby Thomas Oct 17, 2012
Moody's Retains Spain's Investment Grade Rating
Moody's affirms the investment grade rating of Spain at Baa3, one notch above junk status.
Geetha Pillai Oct 17, 2012
Asian Stocks Gain on Spanish Bailout Hopes and US Earnings Data
Nikkei gains 1.44 percent while KOSPI is up 0.83 percent. Hang Seng ends 0..28 percent. Shanghai Composite index ends flat
Prasanth Aby Thomas Oct 16, 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
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
Asian Indices Fall as Concerns on Spain and Eurozone Linger
South Korea's KOSPI down 0.67 percent while Shanghai Composite Index and Hang Seng fall 0.56 and 0.74 percent.
Prasanth Aby Thomas Oct 08, 2012
Asian Markets Climb on US Expectations and ECB's Assurances
Asian markets continue to gain on US economic data and ECB's willingness to support crisis-hit European nations.
Prasanth Aby Thomas Oct 05, 2012
Flash Floods in Southern Spain Kill At least Seven [PHOTOS]
The heavy rains, forecast to continue through the weekend, come after the recent spell of severe drought and wildfires.
Vasudevan Sridharan Sep 29, 2012
Asian Markets End Higher Ahead of Chinese Holidays
Shanghai Composite Index rises 1.45 percent while Hong Kong's Hang Seng gains 0.38 percent.
Prasanth Aby Thomas Sep 28, 2012
Spain to Cut Pensions and Hike Taxes Despite Protests [VIDEO]
Protesters say people are already reeling under hikes and cuts introduced in July.
Vasudevan Sridharan Sep 27, 2012
Spain on Anonymous Hit List over Madrid Protest, 'Operation Spain' Begins
Anonymous, which claims to have taken down Spanish police website, says government has failed to serve interests of the people.
Vasudevan Sridharan Sep 26, 2012
IAG Hints at Axing Jobs as BA and Iberia Parent Group Posts H1 Loss
IAG revises its full-year guidance to a "small loss" due to economic conditions in its Spanish home market and soaring fuel costs.
Geetha Pillai Aug 04, 2012
Eurozone Crisis: Ailing Spanish Banks to Receive €30bn Initially
Eurozone finance ministers also extend deadline for correction of excessive deficit by one year to 2014 for Spain.
Staff Reporter Jul 10, 2012
EU Summit: Growth Package Gets Nod as Italy and Spain Gain Support [VIDEO]
European leaders agree to take action against spiralling borrowing costs of Spain and Italy.
Staff Reporter Jun 29, 2012
Greek Parties Latch On To Spain Bailout Ahead of Elections
New Democracy, Pasok and Syriza, all try to make political capital out of Spain's bailout.
Staff Reporter Jun 12, 2012
Markets and Euro Surge after Spain's Bank Deal [VIDEO]
The MSCI Asia Pacific index, Hong Kong's Hang Seng and China's Shanghai Composite index all witnessed rises.
Vasudevan Sridharan Jun 11, 2012
Depositors Swarm German Banks as Banking Crisis Grips Eurozone Peripheral Economies
German banks and the German branches of foreign lenders record a surge in deposits due to the banking crisis in the euro area.
Geetha Pillai Jun 08, 2012
Australia GDP Growth and EU Economic Stimulus Hopes Lift Asian Markets
Australia's economy grew 1.3 percent in the first quarter of the year and recorded a 4.3 percent year-on-year growth.
Geetha Pillai Jun 06, 2012
G7 to Hold Emergency Talks on Eurozone crisis, Spain Tops Agenda
Spain's fate in the euro area would top the agenda of discussions at the G7 emergency conference call.
Geetha Pillai Jun 05, 2012
Spain’s Bankia Selling Stake In British Airways Owner IAG
Bankia and parent company BFA plan to sell its holdings in IAG and other companies to raise much-needed capital.
Geetha Pillai May 27, 2012
G8 Summit: Top 10 Agenda Items From Talks
Apart from eurozone crisis, the summit concentrated on a whole range of issues including Afghanistan and Iran.
Staff Reporter May 20, 2012
G8 Summit Pledges To Save Greece, Euro Zone And The World Economy
Leaders stress importance of cohesive eurozone and the need for Greece's continuation in the bloc.
Staff Reporter May 20, 2012
Euro Drops against Dollar and Yen: What would be the Future of Single Currency after G8?
Euro is treading in negative territory due to concerns of Greece crisis contagion.
Geetha Pillai May 19, 2012
Top 10 Likely Issues at G8 Summit
From the eurozone crisis to Afghanistan, Syria and rising global oil rises are likely to figure at the summit.
Staff Reporter May 19, 2012
Will Euro Touch Its 2012 Lows?
The downtrend in the euro (EUR) seems set to last in the coming weeks as the single currency continues to come under pressure due to political uncertainty, sovereign debt crisis, and deepening recession in the eurozone.
Shankar besta May 14, 2012
Thousands March in Spain to Mark First Anniversary of Protest Against Austerity
Spain's Indignados fill streets to march against austerity measures that have not brought any improvement to the country's economic situation.
Geetha Pillai May 13, 2012
Euro Nears To Two-Year Low Against Pound on Bleak Data
The euro continued to weaken against the British pound to reach a near-two-year low on Wednesday, after the release of dismal economic data showing that the region is heading towards a deepening recession.
Shankar besta May 02, 2012
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