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  • September 24, 2014
  • Last updated: 1:18am
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  1. Business - Economy

    Euro zone jobless rate at new high as recession bites

    Posted Nov 30th 2012, 07:10pm by Bloomberg

    ... Bloomberg The euro zone jobless rate rose to a record in October as the fiscal crisis and tougher austerity measures deepened the region’s economic woes. Unemployment in the 17-nation ... and is in line with the median estimate of 34 economists in a Bloomberg News survey. Inflation eased to 2.2 per cent in November, the slowest rate in almost two years, separate data showed. The euro zone ...

  2. Business - Economy

    Eyes on euro zone's firefighter

    Posted Apr 01st 2013, 12:00am by AFP

    ... Agence France-Presse in Frankfurt The European Central Bank is once again being seen as the body needed to solve the euro zone's new crisis, with Cyprus and Italy both in turmoil Eyes on euro zone's firefighter The European Central Bank (ECB) will hold off from cutting rates or announcing any other policy moves at its meeting next week so as to keep up pressure ...

  3. News - World

    Euro zone debt jumps to 90pc of GDP in second quarter

    Posted Oct 24th 2012, 07:39pm by Associated Press in London

    ... the previous quarter’s 88.2 per cent and the previous year’s equivalent of 87.1 per cent, as reported by Eurostat, the EU’s statistics office, is a result of the euro zone’s economic problems – which ... that use the euro are in recession – Greece, Spain, Italy, Malta, Portugal, and Cyprus. Many analysts expect the euro zone to slip back into recession in the third quarter of the year when official ...

  4. Business - Economy - COMMENT

    Carry trades get a fresh boost from ECB's loose monetary policy

    Posted Sep 06th 2014, 05:37am by Reuters

    ... but the fun hardly stops there. The ECB on Thursday made a series of moves to react to weakening growth in the euro zone. Three policy rates were cut by 10 basis points, leaving the deposit facility ... on the secondary market. This all was probably justified, and might even work. Or help, at any rate, though the list of provisos and limitations to monetary policy effectiveness in the euro zone is long. ...

  5. Business - Money

    Asian markets slip, spooked by euro zone fears

    Posted Mar 28th 2013, 11:16am by AFP

    ... Danny McCord in Hong Kong Asian markets slipped on Thursday and the euro sat around four-month dollar lows as euro zone fears reared again, with Italy’s politicians still unable to form ... ‘contagion effect’ of a possible run on banks spreading to other parts of the euro zone,” he said. “It may yet have broader implications for economies there and lead to a longer-lasting ‘risk-off’ ...

  6. Business - Economy

    Euro slumps in Asia after EU fails to agree Greece deal

    Posted Nov 21st 2012, 02:59pm by Agence France-Presse in Hong Kong

    ... Agence France-Presse in Hong Kong The euro fell in Asian trade on Wednesday and shares eased after euro-zone finance chiefs said they had failed to agree on a deal to unlock the latest ... on some elements of the package”. The news sent the euro diving from recent highs against the yen, while it also lost almost a US cent from its intra-day peak against the dollar. In afternoon ...

  7. Business - China Business

    China 'to play its part' in euro zone debt crisis

    Posted Sep 20th 2012, 09:20pm by Agence France-Presse, Reuters in Brussels

    ... resolve the euro zone debt crisis, after months of investing in European sovereign bonds. “China will continue to play its part in helping resolve the European debt issue through appropriate ... and discussed ways of cooperation with the ESM,” Wen said, referring to the European Stability Mechanism, a new 500-billion-euro rescue firewall set up by euro zone leaders and due to become operational ...

  8. News - World - SPAIN

    Crisis zone where Spanish villagers enter lottery to win a job

    Posted Sep 12th 2013, 12:00am by NYT

    ... The New York Times in Alameda, Spain Televised raffle organised by mayor, offering temporary work to the unemployed, is grim sign of devastating economic slump gripping Spain Crisis zone where villagers enter lottery to win a job The day Spaniard Josi Antonio Pirez Zembrana, 32, won the lottery, he did not jump for joy. He was pleased, of course. But around him were so many ...

  9. Business - Economy - ECONOMY

    Welcome to euro casino

    Posted Apr 14th 2014, 05:07am by DAVID BROWN

    ... Collapsing yields on bonds issued by governments of the euro zone's hitherto troubled peripheral economies are being hailed as proof that the crisis is over and that investors have growing faith in the strength of the bloc's recovery. But what's at play here is market speculation, pure and simple- and the European Central Bank is doing nothing to discourage it. Turning the euro-zone ...

  10. Comment - Insight & Opinion

    A German exit from the euro is no way to end blame game over debt crisis

    Posted Sep 29th 2012, 12:00am by Andrew Sheng

    ... Andrew Sheng Andrew Sheng says holding the zone together will be hard, but a break-up would be disastrous A German exit from the euro is no way to end the blame game over debt crisis As we enter the fourth quarter of 2012, two influential commentators have questioned whether Germany should exit the euro zone. George Soros argued that Germany must either lead or leave, while ...




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