World economy
Italy slides into deep recession; GDP contracts 0.7% in Q2
08 Aug 2012
Italy, eurozone’s third-largest economy, has registered its fourth consecutive quarterly contraction, indicating a deeper than anticipated economic downturn
German manufacturing orders worse than expected
07 Aug 2012
Spain on course for €300 billion bailout
04 Aug 2012
UN sends first food aid to flood-hit N Korea
04 Aug 2012
Many Americans die with virtually no financial assets: study
04 Aug 2012
Innovative research shows large divergence in retirement saving outcomes, with the single elderly faring worse than married couples
Bank of England keeps interest rate, stimulus unchanged
03 Aug 2012
UK’s central bank has kept on hold key interest rate at a record low of 0.5 per cent yesterday and maintained the level of quantitative easing (QE) despite concerns over a deepening recession in Europe’s third-largest economy
Stocks retreat, dollar rallies after Fed's no action
02 Aug 2012
Equities and the euro ruled higher as investors bet that central banks in the US and Europe would take strong steps to boost their economies
Spain plunges deeper into recession in Q2
31 Jul 2012
So far, Spain has been battling to avoid a full-fledged financial bailout similar to other eurozone debt laden nations such as Greece, Ireland and Portugal
China scraps waste project after demonstrations
28 Jul 2012
US GDP growth slows to 1.5 % in Q2
28 Jul 2012
Growth in the world’s largest economy is losing momentum, with rising unemployment, as president Barack Obama is set to seek a second term in November.
Save the Euro, or let the PIGS fly
26 Jul 2012
If Germany and the remaining core countries are not prepared to agree to an ECB-led quantitative easing to allow time for the debt and recession-struck economies of Portugal, Italy, Greece and Spain to put forward all necessary structural reforms to regain their domestic competitiveness, then it is probably time for these countries to fly on their own, suggest Professor Costas Milas, professor of finance, University of Liverpool Management School
UK slides deeper into recession
26 Jul 2012
Moody's lowers ratings of six German states
26 Jul 2012
As the economies of Europe continue to weaken, Moody's has downgraded six of Germany's 16 state governments to negative due to their close fiscal ties with the federal government, whose outlook was downgraded two days ago
Ofcom unveils 4G spectrum auction rules
25 Jul 2012
Moody’s lowers outlook on eurozone rescue fund
25 Jul 2012
The rating agency has also lowered the economic outlook of a host of German states owing to the interdependence between the states and the federal government.
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