Topic: Euro Zone

ECB's Noyer says must stabilize bonds as Europe in crisis

SINGAPORE (Reuters) - Europe's debt crisis has significantly worsened, threatening global markets, so it is essential to stabilise the region's bond markets, European Central Bank governing council member Christian Noyer said on Wednesday.The ECB will do whatever is necessary to ensure adequate ...

Government slashes economic growth outlook

The government slashed its growth outlook on Tuesday, blaming the impact of the eurozone debt crisis, and unveiled a £30-billion infrastructure scheme to help kickstart the economy.Finance minister George Osborne, delivering his autumn statement to parliament, insisted however that there would be ...

Britain slashes economic growth outlook

The British government slashed its growth outlook on Tuesday, blaming the impact of the eurozone debt crisis, and unveiled a £30-billion infrastructure scheme to help kickstart the economy.Finance minister George Osborne, delivering his autumn statement to parliament, insisted however that there would ...

UK growth slows to crawl, austerity to persist

LONDON (Reuters) - Britain's coalition government unveiled sharply lower economic growth forecasts on Tuesday and said it would take much longer than hoped to wipe out its deficit, meaning tough austerity measures would extend beyond the next election due in 2015.Finance Minister ...

Euro zone sentiment at 2-year low in November

BRUSSELS (Reuters) - Worries about the euro zone's debt crisis worsened in November and dragged the European Commission's economic and consumer sentiment index to a two-year low, heightening the risks of a recession in Europe.Business managers and consumers turned more pessimistic across ...
Morgan Stanley further slashed its growth forecasts for Asia next year due to increasing risks from the debt crisis in Europe and weakening domestic demand.Asia excluding Japan is now expected to grow 6.9 percent instead of its previous estimate of 7.3 percent, ...

Global economic recovery petering out: OECD

PARIS (Reuters) - The global economic recovery is running out of steam, leaving the euro zone stuck in a mild recession and the United States at risk of following suit, the OECD said on Monday, sharply cutting its forecasts.The threat of even ...

IMF denies in Italy aid talks

ROME (Reuters) - Italy's prime minister faces a testing week as he seeks to shore up the country's strained public finances, with an IMF mission expected in Rome and market pressure building to a point where outside help may be needed to ...

Italy's PM in austerity race, IMF denies in aid talks

ROME (Reuters) - Italy's prime minister faces a testing week as he seeks to shore up the country's strained public finances, with an IMF mission expected in Rome and market pressure building to a point where outside help may be needed to ...

Struggling to stay above water

WASHINGTON (Reuters) - The world economy is on a slippery slope. The euro zone appears to have tipped into a mild recession and the rest of the global economy is struggling to hold onto firm ground.China is slowing, Japan's exports are tumbling. ...