Category Archives: Economy
Euro zone to prepare for Greek exit scenario
(Reuters) – Each euro zone country will have to prepare a contingency plan for the eventuality of Greece leaving the single currency, euro zone sources said on Wednesday. Officials reached the consensus on Monday afternoon … continue…
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Stage set for Hollande-Merkel showdown at EU summit
(Reuters) – European leaders will try to breathe life into their stricken economies at a summit over dinner on Wednesday, but disagreement over a plan for mutual bond issuance and other measures to alleviate two … continue…
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No change to BOJ’s powerful easing stance
(Reuters) – Bank of Japan Governor Masaaki Shirakawa said on Wednesday that there was absolutely no change to the central bank’s stance of continuing to pursue powerful monetary easing to beat deflation. But Shirakawa said … continue…
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India faces mass default and restructuring as devaluation looms
SINGAPORE, May 22 (IFR) – India’s mounting economic and political woes are prompting market players to raise the specter of a Greek-style crisis in Asia’s third largest economy. This is not simply idle speculation. Last … continue…
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Fitch cuts Japan as politics hinders debt plan
(Reuters) – Fitch cut Japan’s sovereign credit status on Tuesday to the lowest level among global ratings agencies as a political stalemate dims the chance that the country can curb its snowballing debt. Fitch Ratings … continue…
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China targets infrastructure to lift economy, report says
(Reuters) – China will fast track approvals for infrastructure investment to combat a slowdown in the economy, a state-backed newspaper reported on Tuesday, underlining a call by Premier Wen Jiabao for policies to maintain growth. … continue…
China eschews fiscal fanfare for supportive spending
(Reuters) – China’s focus on fine-tuning monetary and fiscal policies to fight the risk of a sudden economic slide worries investors pricing in a sixth successive quarter of slowing growth with no obvious sign of … continue…
G8 growth talk leaves wary markets awaiting action
(Reuters) – A pledge by leaders of industrialized nations to help the troubled world economy is unlikely to herald quick new action by Europe on its debt crisis, meaning more uncertainty for nervous financial markets. … continue…
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China’s Wen urges more support for
(Reuters) – China’s premier called for additional efforts to support growth on Sunday, signaling Beijing’s willingness to take action after a recent series of economic indicators suggested that the world’s second-biggest economy will slow further … continue…
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EU, ECB working on Greece exit contingency
(Reuters) – The European Commission and the European Central Bank are working on an emergency scenario in case Greece has to leave the euro zone, EU trade commissioner Karel De Gucht said in an interview … continue…
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