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  • September 17, 2014
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  1. Business - Money

    Caution reigns ahead of US election

    Posted Nov 06th 2012, 03:10pm

    ... the euro zone returned to the fore. Eyes are also on the start this week in China of the Communist Party’s 18th congress, which will see a once-in-a-decade leadership transition. Tokyo softened ... ministers of the 17-nation euro zone were unlikely to make a formal decision on the instalment batch of crucial bailout cash for Greece next week, despite the fact Athens is likely to run out ...

  2. Business - Economy - EURO DEBT CRISIS

    Euro zone, IMF agree on new deal Greek debt deal

    Posted Nov 27th 2012, 08:58am by AFP

    ... Agence France-Presse in Brussels Euro zone finance ministers struck a new deal with the IMF early on Tuesday to slice more than 40 billion euros (US$52 billion) off Greece’s massive debt ... the country’s debt-to-GDP ratio from an estimated 144 per cent to 124 per cent come 2020, European Union sources said. The ministers then agreed to release 43.7 billion euros after months in which ...

  3. Business - Banking & Finance - CURRENCY

    Euro stops two-year loss on Mario Draghi commitment on debt crisis

    Posted Dec 31st 2012, 12:00am by BLOOM

    ... Bloomberg in New York ECB's pledge on debt crisis lifts shared currency while yen extends loss over stimulus push Euro ends two-year drop on Draghi reassurance The euro halted ... economist at G+ Economics. "This is the primary reason the euro has been as strong as it has. Initially this year, the market underestimated the effectiveness of the ECB." The euro was up ...

  4. French bank chief targets London’s euro status

    Posted Dec 03rd 2012, 09:37am by AFP

    ... Agence France-Presse in London Britain should relinquish its status as the euro’s financial hub in order to give eurozone members more control over the single currency, France’s central ... in euro finance. “Most of the euro business should be done inside the euro area,” he told the FT. “It’s linked to the capacity of the central bank to provide liquidity and ensure oversight of its ...

  5. Business - Economy

    Euro gains to six-week high as Greece offers debt-buyback plan

    Posted Dec 04th 2012, 06:55am by Bloomberg

    ... Bloomberg The euro rose to a six-week high versus the dollar as a Greek offer to spend as much as 10 billion euros to buy back government securities eased concern the regions’ debt crisis is worsening. The 17-nation euro gained as Greek bonds led advances in debt from the euro area’s lower-rated nations, including Spain and Italy. The Dollar Index sank to a one-month low amid a hardening ...

  6. 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 ...

  7. Business - Economy - EMPLOYMENT

    Euro-zone jobless rate rises to record high

    Posted Dec 03rd 2012, 12:00am by AFP

    ... Agence France-Presse in Brussels Europe's youth hit hard, with a quarter out of work and bleak demand prospects Euro-zone jobless rate rises to record high Almost one in four young Europeans was out of work in October as unemployment in the euro zone hit a record high, with more than 170,000 jobs lost as the economy slumped into recession, official data showed. With the debt ...

  8. News - World - EUROPE

    Euro-zone summit ends in stalemate, again

    Posted Dec 16th 2012, 12:00am by The Guardian

    ... The Guardian in Brussels Euro-zone summit ends in stalemate, yet again European leaders wound up their final summit of 2012 in much the same manner as they started the year- playing for time, crossing their fingers, hoping the worst is behind them. In the almost three years since the Greek drama erupted in February 2010 and spread quickly around the euro-zone fringes, ...

  9. 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 ...

  10. Business - Economy

    Euro zone unemployment reaches record high

    Posted Oct 31st 2012, 08:08pm by Associated Press in London

    ... Associated Press in London Unemployment in the 17-country euro zone hit a record high of 11.6 per cent in September, official figures showed on Wednesday, a sign the economy ... In total, 18.49 million people were out of work in the euro zone in September, up 146,000 on the previous month, the biggest increase in three months. While the euro zone’s unemployment rate has ...




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