Wednesday 07 Dec 2011
The German Treasury has today sold €4.06bn in 5 year debt, versus its target of €5bn, according to market sources. Read More
Wednesday 07 Dec 2011
European stock markets opened today’s trading session with average gains of 1%. Markets may be discounting great expectations for Friday’s EU summit as meetings throughout the week seem to indicate t... Read More
Wednesday 07 Dec 2011
Tough new rules to stem the eurozone debt crisis and ensure closer fiscal union do not need changes to EU treaties, according to a leaked report. Read More
Wednesday 07 Dec 2011
The US Treasury Secretary Tim Geithner is currently making his rounds in Europe, urging its leaders to take swift action to stem the uncertainty in sovereign debt markets. Read More
Wednesday 07 Dec 2011
The European Union is preparing a plan that would include the simultaneous running of two independent rescue funds, along with greater financial support from the International Monetary Fund, according... Read More
Wednesday 07 Dec 2011
The euro hardly budged against the dollar on Tuesday with many traders sitting by the sidelines as eurozone leaders try to make progress towards stronger fiscal integration. Read More
Tuesday 06 Dec 2011
Following a similar notice for nearly all Eurozone governments, rating agency Standard & Poor's warned that it could downgrade the AAA rating of the European Financial Stability Facility (EFSF). Read More
Tuesday 06 Dec 2011
Rating agency Standard and Poor’s has reaffirmed its AA- rating on China with a stable outlook. Read More
Tuesday 06 Dec 2011
European markets were generally trading down this morning as the troubled region was battered by yet more bad news, this time in the form of a credit rating warning from Standard & Poor's. Read More
Tuesday 06 Dec 2011
Reports of an impending credit rating agency action on the eurozone were confirmed last night as Standard & Poor’s (S&P) announced that it had placed the rating of 15 of the area’s sovereigns on Credi... Read More
Tuesday 06 Dec 2011
The euro lost its grip on earlier gains after a report said Standard & Poor’s may warn six AAA rated members of the euro zone that their credit ratings could be cut. Read More
Monday 05 Dec 2011
Ratings agency Standard and Poor’s (S&P) may warn Germany and the five other triple A members of the eurozone (France, the Netherlands, Austria, Finland, and Luxembourg) that they risk having their to... Read More
Monday 05 Dec 2011
Ratings agency Standard and Poor’s (S&P) may warn Germany and the five other triple A members of the eurozone (France, the Netherlands, Austria, Finland, and Luxembourg) that they risk having their to... Read More
Monday 05 Dec 2011
The Institute for Supply Management’s (ISM) non-manufacturing sector purchasing managers index for the month of November has come in at 52.0 percentage points versus last month’s reading of 52.9. Read More
Monday 05 Dec 2011
Speaking after this afternoon’s meeting with the German chancellor, the French President, Nicholas Sarkozy, has stated that the European Court of Justice will have a say when countries break the legal... Read More
Monday 05 Dec 2011
As we gear up for the December 9th EU summit, which is to focus on proposals to move euro area countries further towards closer economic and fiscal union, the German Chancellor Angela Merkel and the F... Read More
Monday 05 Dec 2011
The HSBC Chinese service sector purchasing managers' index (PMI) for the month of November has come in at 52.5, versus 54.1 the month before, signalling only a modest rise in service sector activity. Read More
Monday 05 Dec 2011
The Italian Prime Minister Mario Monti announced yesterday that his government has approved a new package of austerity measures through 2014 worth €24bn. The plan includes more than €12bn in spending ... Read More
Monday 05 Dec 2011
Trepidation ahead of the eurozone summit sent the single currency lower against the dollar and other major currencies on Friday. Read More
Friday 02 Dec 2011
David Cameron has assured that he will to protect and enhance Britain’s interests, after discussions over potential European Union treaty changes with French President Nicolas Sarkozy. Read More
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