Tuesday 22 Nov 2011
European stocks have opened the trading session with average gains of 0.7%. The markets are trying to put yesterday’s losses behind them as fiscal problems resurge in the United States. Read More
Tuesday 22 Nov 2011
The co-chairs of the congressional “super committee” charged with reaching an agreement to reduce the U.S deficit by $1.2trn acknowledged last night that they failed to reach an agreement. “Despite ou... Read More
Tuesday 22 Nov 2011
Islamic financial institutions are to cooperate in establishing a benchmark for Islamic interbank lending. Read More
Tuesday 22 Nov 2011
Credit ratings agency Standard & Poor's has this morning confirmed its 'AA-' rating on Spain's debt although the threat of a downgrade remains the same following the change in government which is now ... Read More
Tuesday 22 Nov 2011
The dollar raced to a six-week high against major currencies on Monday as nervous investors switched out of high yielding riskier assets. Read More
Monday 21 Nov 2011
The European Central Bank (ECB) had to put aside its reported reluctance to be perceived as a lender of last resort, and increased its purchases of public debt last week. Read More
Monday 21 Nov 2011
In a research note published today Credit Suisse warns that the lack of political and fiscal unity in Europe could lead us to the end of the euro “as we know it” and force yields on Italian and Spanis... Read More
Monday 21 Nov 2011
The German central bank, the Bundesbank, published its monthly report on Monday morning. The German central bank lowered its 2012 gross domestic product (GDP) growth outlook to 0.5% - 1% compared to ... Read More
Monday 21 Nov 2011
Hungary has officially asked the International Monetary Fund (IMF) for financial assistance. In a statement to the Washington based IMF, Budapest asked for 'possible financial assistance' a few days a... Read More
Monday 21 Nov 2011
Debt rating agency Moody's has downgraded its ratings for six Irish banks that depend on the government's guarantee fund. Read More
Monday 21 Nov 2011
According to the latest data from the European Central Bank, the Eurozone registered a current account surplus of €500m for September. The previous month’s reading was revised lower to -€5.9bn from -€... Read More
Monday 21 Nov 2011
Olli Rehn, the European Commissioner for economic and financial affairs, has warned that Europe's sovereign debt crisis is “hitting the core of the Eurozone”. Read More
Monday 21 Nov 2011
In its latest weekly report ratings agency Moodys has warned that higher borrowing costs and weaker growth prospects constitute risks for the outlook on France´s triple A rating. Last week French debt... Read More
Monday 21 Nov 2011
The polls have proved accurate. People´s Party (PP) leader Mariano Rajoy won the presidential elections in Spain yesterday with 186 MPs, an absolute majority, and by the second widest margin ever. How... Read More
Monday 21 Nov 2011
The trading session has opened with European stocks declining by an average of 0.7%. The Ibex is down 0.3% as Spain attempts to steal the spotlight following yesterday’s presidential elections. Citize... Read More
Monday 21 Nov 2011
The centre right People´s Party last night obtained a majority of seats in the Spanish Parliament (186 seats out of 350), its best results ever, but against a back-drop of severe economic uncertainty.... Read More
Monday 21 Nov 2011
The euro firmed against the dollar on Friday as recently appointed Italian Prime Minister Mario Monti won a vote of confidence giving him increased power to push through economic reforms. Read More
Monday 21 Nov 2011
U.S. lawmakers have reached an impasse on budget cuts. The U.S.´s deficit-cutting congressional super-committee likely will announce today that it has failed to reach agreement on at least $1.2tn in f... Read More
Friday 18 Nov 2011
Italy's new prime minister, Mario Monti, easily won the latest vote of confidence for his new government in the Chamber of Deputies, by a 556 to 61 margin. Read More
Friday 18 Nov 2011
Italian PM wins confidence vote in Italian parliament Read More
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