EU in Talks Over Spanish Rescue Plan
EU authorities are working behind the scenes to pave the way for a new Spanish rescue program and un...
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Bank of America Corp. is accelerating a broad cost-cutting plan and has set a target of shedding 16000 jobs by year’s end.
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Euro stung by weak data, gives USD a bit of reprieve
The euro nursed losses on Friday, having suffered its biggest one-day fall in over a month after a b...
Canadian Dollar Could Benefit from Middle East Unrest
CNBC interviewed Amelia Bourdeau, director of foreign exchange at Westpac Institutional Bank, who be...
IMF will reduce the Global Growth Forecast by a few decimal points
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UK Housing Market Falls Slightly in August
Activity in the UK housing market was subdued in August as the economy was flat and household confid...
Spain Raises 4.8 billion euros at 5.66 percent yield
Spain’s borrowing costs eased at the country’s latest bond auction where it raised 4.8bn...
The 3 Problems Global Economic Growth is Facing
The Guardian economics Editor Larry Elliot outlines three problems that most be tackled to increase ...
China’s manufacturing sector remained in recession territory for the 11th month in a row.
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US unemployment rate has been stuck above 8 percent for more than three years, the first time this has happened since the Great Depression
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US Jobless Claims and Weak Manufacturing Signal QE3 was Needed
Manufacturing closed out its weakest quarter in three years this month and the number of Americans f...
Weakest quarter in manufacturing and two month high jobless claim do not a US recovery make
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Talks With China Loom as France Fails to Keep up with Germany
Aggressive new policy from the European Central Bank has so far failed to boost ailing euro zone bus...
European and Chinese Leaders meet in Brussels to Discuss Trade and Crisis
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Reuters Survey Shows Growing Gap between Germany and France
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Spanish 10-year bond auctioned @5.666%, versus 6.647% in August. Total amount auctioned EU4.8 BLN vs 4.5 BLN target.
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AUD/USD trading below 1.04, EUR/USD below 1.30 while USD/JPY recovered a little, trading just below yesterday’s low. GBP/USD broke below support of 1.623
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Europe Open/Asia Closing: HSI -1.20%, N225 -1.57%, DAX -0.28%, FTSE -0.59%. US Futures trading mostly flat.
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HSI futures drop below Wednesday opening levels. Fully erasing gains brought about by BOJ optimism and beyond.
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Asian shares extended losses on Thursday after data indicated little respite for Chinese manufacturers
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