Image-conscious China chides its 'unruly' tourists

European Stability Mechanism

French rate cut could hit eurozone rescue fund: Moody's

20 Nov 2012

The rating agency Moody’s said on Tuesday that it was studying the impact of its cut of France’s top credit notation on the triple “A” ratings of eurozone rescue funds that are underpinned in part...

10:48PM

Eurogroup approves 4.3-billion-euro Portugal bailout tranche

9 Oct 2012

The Eurogroup of finance ministers approved the latest 4.3-billion-euro tranche of EU-IMF bailout loans to Portugal which has agreed fresh austerity measures, ministers said.

6:13AM

Moody's rates new ESM 'AAA' but outlook negative

9 Oct 2012

Credit rater Moody’s assigned the European Stability Mechanism, Europe’s new emergency fund, a triple-A rating, but labeled it with a negative outlook.

6:13AM

Euro-zone ministers to launch ESM rescue fund

8 Oct 2012

The euro zone finally gets its €500 billion (HK$5 trillion) rescue fund today when finance ministers meet amid growing uncertainty over Greece's tortuous debt bailout and whether Spain will need...

4:43AM

German court approves new European bailout fund

12 Sep 2012

The euro zone cleared a key hurdle towards resolving its debt crisis on Wednesday as Germany’s top court approved a new European firewall for ratification, with some minor conditions.

6:07PM