- Germany to decide on firewall in March - Schaeuble Dave Graham - Reuters - 6 hours ago
MEXICO CITY (Reuters) - The German government will decide whether to boost the European bailout fund in March and its parliament is very likely to support any decision … More »Germany to decide on firewall in March - Schaeuble
MEXICO CITY (Reuters) - The German government will decide whether to boost the European bailout fund in March and its parliament is very likely to support any decision for more resources, Finance Minister Wolfgang Schaeuble said on Saturday. Germany had pledged to review a proposal to beef up the European war chest to prevent …
Japan sees upward pressure on yen waning Tetsushi Kajimoto - Reuters - 8 hours agoMEXICO CITY (Reuters) - A senior Japanese Finance Ministry official said the upward pressure on the yen was easing and he saw nothing strange in the currency's movements … More »Japan sees upward pressure on yen waning
MEXICO CITY (Reuters) - A senior Japanese Finance Ministry official said the upward pressure on the yen was easing and he saw nothing strange in the currency's movements as it pulls away from record highs below 80 yen versus the dollar. The official, speaking after the first day of the weekend gathering of Group of 20 finance …
ECB prepares to open liquidity floodgates again Simon Morgan - AFP - 9 hours agoThe European Central Bank is preparing to flood eurozone banks with cheap money again this week in the second of two such operations aimed at preventing a credit crunch … More »ECB prepares to open liquidity floodgates again
The European Central Bank is preparing to flood eurozone banks with cheap money again this week in the second of two such operations aimed at preventing a credit crunch in the euro area.
- Germany ready to discuss firewall boost in March - G20 official Reuters - 17 hours ago
MEXICO CITY (Reuters) - Germany is prepared to discuss increasing the size of Europe's firewall against the euro zone's debt crisis, a Group of 20 official said on Saturday. … More »Germany ready to discuss firewall boost in March - G20 official
MEXICO CITY (Reuters) - Germany is prepared to discuss increasing the size of Europe's firewall against the euro zone's debt crisis, a Group of 20 official said on Saturday. However, Berlin saw no need to increase the capacity of the European rescue funds for now because the situation in financial markets is improving, …
Euro-zone deal on firewall awaits Germany Jan Strupczewski and Daniel Flynn - Reuters - 17 hours agoMEXICO CITY (Reuters) - Germany may not be ready to back an increase in the euro zone's bailout fund at a summit next week, delaying progress towards building up nearly … More »Euro-zone deal on firewall awaits Germany
MEXICO CITY (Reuters) - Germany may not be ready to back an increase in the euro zone's bailout fund at a summit next week, delaying progress towards building up nearly $2 trillion (1.25 trillion pounds) in firepower to tackle fallout from Europe's sovereign debt crisis. Finance leaders from leading economies, meeting in …
Consumers offer sign of hope in fourth quarter Sven Egenter and Olesya Dmitracova - Reuters - 18 hours agoLONDON (Reuters) - The economy may avoid another recession after a rise in consumer spending and an upsurge in exports offered it a solid base to bounce back from a fourth … More »Consumers offer sign of hope in fourth quarter
LONDON (Reuters) - The economy may avoid another recession after a rise in consumer spending and an upsurge in exports offered it a solid base to bounce back from a fourth quarter dip, but a vigorous return to health is unlikely. The Office for National Statistics confirmed its earlier estimate that the economy shrank by …
EU's Rehn sees deal on euro zone bailout funds in March Reuters - 20 hours agoMEXICO CITY (Reuters) - Euro zone countries are likely to reach a deal during March on raising the combined capacity of their bailout funds, in time for a follow-on deal … More »EU's Rehn sees deal on euro zone bailout funds in March
MEXICO CITY (Reuters) - Euro zone countries are likely to reach a deal during March on raising the combined capacity of their bailout funds, in time for a follow-on deal on more crisis-fighting funds for the International Monetary Fund in April, Europe's top economic official said on Saturday. Olli Rehn, the European Union's …
IMF board to meet March 13 on Greece - board sources Reuters - 20 hours ago(Reuters) - The International Monetary Fund will consider Greece's second bailout at a meeting tentatively scheduled for March 13, IMF board sources said on Saturday. … More »IMF board to meet March 13 on Greece - board sources
(Reuters) - The International Monetary Fund will consider Greece's second bailout at a meeting tentatively scheduled for March 13, IMF board sources said on Saturday. The meeting will discuss a proposed 130 billion euro bailout program for Greece and the IMF's financing contribution to the rescue package. While the IMF …
Belgium struggling to find two billion euros: report AFP - AFP - 21 hours agoBelgium must find about two billion euros if it is to make good on a pledge to the EU executive to bring down its budget deficit to 2.8 percent of GDP this year, press … More »Belgium struggling to find two billion euros: report
Belgium must find about two billion euros if it is to make good on a pledge to the EU executive to bring down its budget deficit to 2.8 percent of GDP this year, press reports said Saturday.
- Vedanta eyes streamlined structure with merger plan Prashant Mehra and Kaustubh Kulkarni - Reuters - Sat, Feb 25, 2012
MUMBAI (Reuters) - Vedanta Resources plans to simplify its structure by placing all but one of its subsidiaries under the umbrella of a single unit, as part of a efforts … More »Vedanta eyes streamlined structure with merger plan
MUMBAI (Reuters) - Vedanta Resources plans to simplify its structure by placing all but one of its subsidiaries under the umbrella of a single unit, as part of a efforts to cut costs, improve access to cash and reduce the India-focused miner's debt burden. FTSE-100 diversified miner Vedanta, which has underperformed the …
Euro zone decision on size of bailout fund seen delayed Jan Strupczewski and Daniel Flynn - Reuters - Sat, Feb 25, 2012MEXICO CITY (Reuters) - Euro zone leaders may not be able to meet international demands to ramp up their own funds for bailing out the bloc's debtors when they meet next … More »Euro zone decision on size of bailout fund seen delayed
MEXICO CITY (Reuters) - Euro zone leaders may not be able to meet international demands to ramp up their own funds for bailing out the bloc's debtors when they meet next week because Germany is showing no sign of dropping its opposition to the plan, euro zone officials said. A bigger European fund is a condition for major …
Vietnam's runaway inflation eases in February AFP - AFP - Sat, Feb 25, 2012Vietnam's inflation fell for a sixth consecutive month in February to the lowest level in almost a year, according to official figures, following government efforts to … More »Vietnam's runaway inflation eases in February
Vietnam's inflation fell for a sixth consecutive month in February to the lowest level in almost a year, according to official figures, following government efforts to concentrate on economic stabilisation.
- Eurogroup head cannot rule out third Greek bailout Reuters - Fri, Feb 24, 2012
LONDON (Reuters) - The head of the Eurogroup of euro zone finance ministers, Jean-Claude Juncker, said on Friday he could not rule out that Greece may need a third bailout. … More »Eurogroup head cannot rule out third Greek bailout
LONDON (Reuters) - The head of the Eurogroup of euro zone finance ministers, Jean-Claude Juncker, said on Friday he could not rule out that Greece may need a third bailout. Euro zone finance ministers struck a deal on Tuesday for a second bailout programme for Greece that includes new financing of 130 billion euros and …
- ECB Greek bond swap could pile pressure on euro zone - S&P Marc Jones and Eva Kuehnen - Reuters - Fri, Feb 24, 2012
FRANKFURT (Reuters) - The European Central Bank's decision to exempt itself from taking losses on its Greek bonds gives its senior status in the bond market and may push … More »ECB Greek bond swap could pile pressure on euro zone - S&P
FRANKFURT (Reuters) - The European Central Bank's decision to exempt itself from taking losses on its Greek bonds gives its senior status in the bond market and may push up borrowing costs of other debt-strained euro zone countries, Standard & Poor's said on Friday. The ECB and the 17 euro zone central banks made cosmetic …
Brent oil over $125; S&P 500 ends at 4-year high Caroline Valetkevitch - Reuters - Fri, Feb 24, 2012NEW YORK (Reuters) - Brent oil rose above $125 a barrel to end near a 10-month high on Friday as the United Nations' nuclear watchdog said Iran has sharply stepped up … More »Brent oil over $125; S&P 500 ends at 4-year high
NEW YORK (Reuters) - Brent oil rose above $125 a barrel to end near a 10-month high on Friday as the United Nations' nuclear watchdog said Iran has sharply stepped up work on uranium enrichment, while the S&P 500 closed at the highest level since June 2008. The sharp run higher in oil prices has increased worries that slower …
Greece launches long-awaited debt swap offer George Georgiopoulos - Reuters - Fri, Feb 24, 2012ATHENS (Reuters) - Greece formally launched a bond swap offer to private holders of its bonds on Friday, setting in motion the largest-ever sovereign debt restructuring … More »Greece launches long-awaited debt swap offer
ATHENS (Reuters) - Greece formally launched a bond swap offer to private holders of its bonds on Friday, setting in motion the largest-ever sovereign debt restructuring in the hope of getting its messy finances back on track. The swap is part of a second, 130-billion-euro (110.3 billion pound) rescue package to claw Greece …
Fed says policy appropriate, few hints of new stimulus Pedro da Costa and Jonathan Spicer - Reuters - Fri, Feb 24, 2012NEW YORK (Reuters) - Top Federal Reserve officials said on Friday the U.S. central bank's ultra-easy monetary policy is appropriate for a sluggish economy but one policymaker … More »Fed says policy appropriate, few hints of new stimulus
NEW YORK (Reuters) - Top Federal Reserve officials said on Friday the U.S. central bank's ultra-easy monetary policy is appropriate for a sluggish economy but one policymaker said further easing would only be warranted if conditions worsen. St. Louis Federal Reserve Bank President James Bullard told CNBC television that …
Overseas earnings help boost European shares Toni Vorobyova - Reuters - Fri, Feb 24, 2012LONDON (Reuters) - European share price edged up on Friday, bolstered by companies with exposure to faster-growing foreign markets that are better protected from the … More »Overseas earnings help boost European shares
LONDON (Reuters) - European share price edged up on Friday, bolstered by companies with exposure to faster-growing foreign markets that are better protected from the bloc's economic and debt woes. But with Europe's battered consumers facing a fresh shock from rising oil prices, Greece's debt troubles far from over and equities …
European shares firmer as euro jumps above $1.34 AFP - AFP - Fri, Feb 24, 2012European stocks closed mostly firmer Friday after strong gains across Asia while the euro hit a two-month dollar high after powerhouse Germany reported a dramatic improvement … More »European shares firmer as euro jumps above $1.34
European stocks closed mostly firmer Friday after strong gains across Asia while the euro hit a two-month dollar high after powerhouse Germany reported a dramatic improvement in its public finances.
Lloyds may tap ECB's LTRO funds for European units Reuters - Fri, Feb 24, 2012LONDON (Reuters) - Lloyds may access the European Central Bank's three-year, low interest loans facility next week to shore up its non-core European operations. "This … More »Lloyds may tap ECB's LTRO funds for European units
LONDON (Reuters) - Lloyds may access the European Central Bank's three-year, low interest loans facility next week to shore up its non-core European operations. "This would make sense for our euro assets," chief executive Antonio Horta-Osorio told reporters on Friday at the news conference for the part state-owned lender's …
- Analysis - U.S. funds ready to invest in Europe Tommy Wilkes and Sinead Cruise - Reuters - Fri, Feb 24, 2012
LONDON (Reuters) - U.S. fund managers who successfully called the bottom of their home credit market in 2008 are starting to put money back into Europe in a sign of returning … More »Analysis - U.S. funds ready to invest in Europe
LONDON (Reuters) - U.S. fund managers who successfully called the bottom of their home credit market in 2008 are starting to put money back into Europe in a sign of returning confidence in the euro zone. These investors say distance is making it easier to price risk and estimate the recovery value of European assets. Their …
Good demand at Italy bond auction, yields fall Valentina Za - Reuters - Fri, Feb 24, 2012MILAN (Reuters) - Vulnerable debtor Italy sold the top planned amount of bonds at a 4.5 billion euro (3.8 billion pound) auction on Friday and the yield on a two-year … More »Good demand at Italy bond auction, yields fall
MILAN (Reuters) - Vulnerable debtor Italy sold the top planned amount of bonds at a 4.5 billion euro (3.8 billion pound) auction on Friday and the yield on a two-year zero coupon bond fell to its lowest since May, boosting market sentiment ahead of a more demanding debt sale next week. Analysts said the prospect of the …
British economy shrinks in fourth quarter AFP - AFP - Fri, Feb 24, 2012Britain's economy shrank 0.2 percent in the fourth quarter of last year compared with the third, official data showed on Friday, putting the country close to a return … More »British economy shrinks in fourth quarter
Britain's economy shrank 0.2 percent in the fourth quarter of last year compared with the third, official data showed on Friday, putting the country close to a return to recession.
UK consumers offer sign of hope in fourth quarter Sven Egenter and Olesya Dmitracova - Reuters - Fri, Feb 24, 2012LONDON (Reuters) - The economy may avoid another recession after a rise in consumer spending and an upsurge in exports offered it a solid base to bounce back from a fourth … More »UK consumers offer sign of hope in fourth quarter
LONDON (Reuters) - The economy may avoid another recession after a rise in consumer spending and an upsurge in exports offered it a solid base to bounce back from a fourth quarter dip, but a vigorous return to health is unlikely. The Office for National Statistics confirmed its earlier estimate that the economy shrank by …
Germany slashes deficit despite faltering growth Simon Morgan - AFP - Fri, Feb 24, 2012Robust growth and record low unemployment enabled Germany to slash its public deficit last year, even if Europe's biggest economy ground to a halt at the final months, … More »Germany slashes deficit despite faltering growth
Robust growth and record low unemployment enabled Germany to slash its public deficit last year, even if Europe's biggest economy ground to a halt at the final months, data showed on Friday.
BASF optimistc after record results in 2011 AFP - AFP - Fri, Feb 24, 2012BASF, the world's biggest chemicals maker, said on Friday it hoped to achieve record sales and earnings again in 2012 as the global economy picks up speed during the … More »BASF optimistc after record results in 2011
BASF, the world's biggest chemicals maker, said on Friday it hoped to achieve record sales and earnings again in 2012 as the global economy picks up speed during the year.
- Instant view - UK Q4 GDP unrevised, consumption up Reuters - Fri, Feb 24, 2012
LONDON (Reuters) - Britain's economy shrank in the fourth quarter of last year despite higher consumer spending and strong export growth as businesses slashed investment, … More »Instant view - UK Q4 GDP unrevised, consumption up
LONDON (Reuters) - Britain's economy shrank in the fourth quarter of last year despite higher consumer spending and strong export growth as businesses slashed investment, official data showed on Friday. ANALYST COMMENTS: HOWARD ARCHER, IHS GLOBAL INSIGHT "The breakdown of the fourth-quarter GDP data contains a mixture of …
- Instant view - German economy contracts 0.2 percent Reuters - Fri, Feb 24, 2012
(Reuters) - German gross domestic product contracted by 0.2 percent in the final three months of last year on sagging trade and private consumption, after growing 0.6 … More »Instant view - German economy contracts 0.2 percent
(Reuters) - German gross domestic product contracted by 0.2 percent in the final three months of last year on sagging trade and private consumption, after growing 0.6 percent in the third quarter, the Federal Statistics Office said on Friday. The seasonally adjusted data, which confirmed an earlier flash estimate, showed …
- German economy contracts 0.2 percent in fourth quarter Reuters - Fri, Feb 24, 2012
BERLIN (Reuters) - Germany's economy contracted by 0.2 percent in the fourth quarter on sagging exports and private consumption, data showed on Friday, but analysts said … More »German economy contracts 0.2 percent in fourth quarter
BERLIN (Reuters) - Germany's economy contracted by 0.2 percent in the fourth quarter on sagging exports and private consumption, data showed on Friday, but analysts said they expected Europe's growth engine to pick up steam again this year. Investments, particularly in construction, were a bright spot. The seasonally adjusted …
Bank's Fisher: outlook uncertain, open to QE Reuters - Fri, Feb 24, 2012LONDON (Reuters) - Bank of England policymaker Paul Fisher said in a newspaper interview published on Friday that the outlook for the economy was still incredibly uncertain … More »Bank's Fisher: outlook uncertain, open to QE
LONDON (Reuters) - Bank of England policymaker Paul Fisher said in a newspaper interview published on Friday that the outlook for the economy was still incredibly uncertain and that he was keeping an open mind as to whether more quantitative easing would be required. "I think it continues to be a story where the outlook …
MEXICO CITY (Reuters) - The world's leading economies worked on Sunday to line up a deal in April on a second global rescue package worth nearly $2 trillion to stop the euro-zone sovereign debt crisis from spreading and putting at risk the tentative recovery. Germany said … More »G20 moves to line up huge rescue deal for April
