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Credit Prob..- Greece gets $17.9 billion EU aid, to repay bond
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Greece received a 14.5-billion euro ($17.9 billion) emergency loan from the European Union on Tuesday and will use some of the money to fully repay an ... [Read]
- Mervyn King questions U.K.'s inflation jump
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The U.K.'s 3.7 percent consumer inflation for April hit a 18-month high, prompting a mandated letter from Bank of England Governor Mervyn King to ... [Read]
- Analyst says gold will be corrected only temporarily before doubling
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A fund analyst said on Tuesday that gold will most likely see a temporary correction soon as its spot prices saw a record high of $US1,249.70 last wee ... [Read]
- Proprietary indicator points to sustained U.K. inflation
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The UK Future Inflation Gauge (UKFIG) points to a more sustained rise in U.K. inflation, contrary to the view put forth by Bank of England Governor Me ... [Read]
- Crisis-hit Greece struggles to attract tourists
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Hotel receptionist Maria Kanelopoulou has been busy crossing names out of an already rather empty reservations book since labor protests turned violen ... [Read]
- EU April inflation up 2%
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April 2010 eurozone annual inflation was 1.5 percent, up from 1.4 percent in the previous month ... [Read]
- U.K. Clothing lifts retail sales in April
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Retail sales rose slightly more than expected in April, after stronger clothing and department store sales offset static food sales, official data sho ... [Read]
- Merkel presses for coordination on financial reform
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German Chancellor Angela Merkel on Thursday called for a global levy on banks, a new European rating agency and a co-ordinated exit from stimulus meas ... [Read]
- IMF chief: Europe needs closer economic coordination
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Europe needs stronger economic policy coordination and the idea that countries can share a common currency but act independently of one another is &qu ... [Read]
- Greek strikers march on parliament against cuts
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Thousands of striking Greeks marched on parliament on Thursday, in a test of the government's resolve to implement tough austerity measures deman ... [Read]
- Greece paralysed by new 24-hr general strike
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The country's major unions are protesting against wage revision, pension cuts and higher taxes ordered by the Greece government. ... [Read]
- German recovery skids on euro zone debt slick
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German business sentiment dipped in May and private sector growth slowed as the euro zone debt crisis darkened the outlook for Europe's largest e ... [Read]
- Germany's lower house approves euro aid package
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Germany's lower house of parliament on Friday approved a law allowing Europe's biggest economy to contribute to a 750 billion euro emergency ... [Read]
- German economic recovery slows in May
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The recovery of the German economy, the largest in the euro zone, slowed in May. However, economists are still confident about the country's o ... [Read]
- Yearbook’s annual study groups Australia with world’s top five economies for 2010
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The annually published World Competitiveness Yearbook study has listed Australia as the fifth most competitive economy in the world along with Singapo ... [Read]
- Next phase of financial crisis may be the hardest
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It took $5 trillion and an unprecedented global coalition of G20 countries to stabilize the economy after investment bank Lehman Brothers collapsed in ... [Read]
