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Moody’s cuts ratings for 13 Italian banks

18 July 2012 1:11 AM GMT
Moody's cut its rating for 13 Italian banks, citing the weakened borrower standing of the Italian government after its credit grade was lowered last...

Bernanke predicts slow drop in unemployment

18 July 2012 1:08 AM GMT
Federal Reserve chairman Ben Bernanke admitted on Tuesday that US economic data had been ‘disappointing’ and that a future reduction in unemployment...

Middle-class family struggles in Spain’s crisis

16 July 2012 1:46 AM GMT
Before the Spanish economic crisis hit, Mercedes Gonzalez and her family lived comfortably, she working in a shoe shop and her husband and second son...

Industrial production slows to 2.4% in May

13 July 2012 12:19 AM GMT
Industrial production growth rate slowed to 2.4 per cent in May 2012 due to contraction in capital goods and mining output, coupled with poor show by...

Facing the global heat

12 July 2012 1:31 AM GMT
Global central bankers had colluded last week to reset monetary policy to meet the threat of recession and deflation. European Central Bank had cut...

Spain announces 65 bn euro austerity package

12 July 2012 12:43 AM GMT
Spain’s Prime Minister Mariano Rajoy on Wednesday announced a 65 billion euro ($80 billion) austerity package to avert financial collapse as angry...

Expert rings warning bell for the US economy

9 July 2012 1:12 PM GMT
American investors need to prepare for an upcoming stock market crash that will be worse than 2008, a noted US economist has warned.The stock market...

BoE unveils GBP 50 bn stimulus

6 July 2012 12:39 AM GMT
Continuing efforts to prop up their sagging economies, European and Chinese central banks slashed interest rates while the Bank of England [BoE]...

Judge wants Occupy Wall Street tweets

4 July 2012 2:24 AM GMT
A New York judge ordered Twitter to turn over data on one of its users involved in the Occupy Wall Street protest movement, in a case watched closely...

EU to control individual nations

27 Jun 2012 10:24 AM GMT
With the European Union facing its biggest crisis in 60 years, Brussels has proposed taking 'a big leap forward' to save the troubled bloc by setting...

Hubris may lead to Greek tragedy

18 Jun 2012 10:06 AM GMT
As Greeks take to the polls on Sunday in an election battle that could decide their future in the euro, the inability of warring political parties to...

The Grecian pain of austerity

18 Jun 2012 9:49 AM GMT
More and more, people across the world are refusing to pay for the blunders and chicanery of the ruling classes. Be it the USA and the Occupy movement ...
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