Following yesterday's broad risk off day, some positive sentiment has returned to markets despite ugly economic data from Germany, and an odd indefinite halt of trading of Greek bonds on the Milan Borse.
Disposable incomes of UK households have fallen for the fifth year in a row, research by the Bank of England suggests. The Bank's survey found the amount the average household had to spend each month, after tax, bills and housing costs, fell by £46 over the year.
WASHINGTON (Reuters) - No country is immune from an escalating euro zone crisis and each one must act to head off the risk of a global depression, the head of the International Monetary Fund said on Thursday.IMF...
It is hard to obtain good data in China, but something is wrong when the country's Homelink property website can report that new home prices in Beijing fell 35pc in November from the month before. If this is remotely true, the calibrated soft-landing intended by Chinese authorities has gone badly wrong and risks spinning out of control.
BBC Economics editor, Stephanie Flanders writes 'No-one thinks the eurozone crisis is over or that European leaders did enough last week to rule out nasty surprises in the next few weeks, but talking to officials, economists and analysts closer to the trading floor in the last few days, something has changed that I'm going to take as a sliver of good cheer.'
Most global investors predict China will face a banking crisis within the next five years, paring their appetite for the nation's shares and eroding confidence in its leadership, a Bloomberg Global Poll indicated.
So two decades to the day after the Maastricht Treaty was concluded, launching the process towards the single European currency, the EU's tectonic plates have slipped momentously along same the fault line that has always divided it—the English Channel.
The euro was about 0.3 percent from an 11-month low against the dollar as Italian borrowing costs rose at a debt auction and Spanish banks’ borrowings from the European Central Bank increased by the most in more than a year.
Britain will plunge into a far deeper recession next year than previously forecast, according to a gloomy prediction from top economists. But the contraction will not be as painful as for those in the eurozone, including France and Germany, which are struggling to tackle the single currency debt problem.
DOHA (Reuters) - Hackers are bombarding the world's computer controlled energy sector, conducting industrial espionage and threatening potential global havoc through oil supply disruption.Oil company...
An agreement that involves only the 17 euro-zone members pursuing a treaty to bring down debt, rather than a wider solution, means the collapse of the entire edifice is now a matter of when, says Felix Salmon.
More evidence of the coming Euro dissolution? Some central banks in Europe have started weighing contingency plans to prepare for the possibility that countries leave the euro zone or the currency union breaks apart entirely, according to people familiar with the matter.