Topic: Europe
(Reuters) - Euro-zone bank failures could lead to a credit squeeze in the United States, hurting an already subpar U.S. economic recovery, warned the well-known Wall Street economist Henry Kaufman.A deterioration in the European financial system "could cause some of the American ...
Trade finance is drying up amid the financial crisis, threatening jobs and economic growth, trade sources warned Saturday.Banks like Credit Agricole and BNP Paribas -- two of the 25 financial institutions most active in such financing -- have recently reduced their trade ...
ROME (Reuters) - Italy's government easily won a confidence vote on its tough austerity package on Friday, the first step in parliamentary approval for sweeping measures aimed at saving the euro zone's third-largest economy from financial disaster.The Chamber of Deputies approved the ...
Something is stirring in corporate America. Heading into 2012, years of nervous uncertainty about the fate of the world's largest economy has been replaced with a slightly different form of nervous uncertainty."We're probably not moving into a double-dip recession," said Brian Derksen, ...
France will fall into a brief recession and the government's 2012 growth target of 1.0 percent will be difficult to achieve, the official INSEE statistics agency warned Thursday.INSEE said it expects France to enter a mild recession in the final quarter of ...
BERLIN (Reuters) - German manufacturing contracted for a third straight month in December and looked unlikely to provide a lift to Europe's largest economy soon as new orders continued to dry up, a survey showed on Thursday.The purchasing managers' index (PMI) for ...
BERLIN (Reuters) - German manufacturing contracted for a third straight month in December and looked unlikely to provide a lift to Europe's largest economy soon as new orders continued to dry up, a survey showed on Thursday.The purchasing managers' index (PMI) for ...
SINGAPORE/BEIJING (Reuters) - Business sentiment among Asia's top companies slid in the fourth quarter to its lowest in two years, with executives rattled by rising costs and fears over where the global economy is heading.The Reuters Asia Corporate Sentiment Index fell to ...
ATHENS (Reuters) - The International Monetary Fund stepped up pressure on Greece on Wednesday, saying promised reforms were behind schedule in most areas and the delays were stalling recovery from years of recession.Greece, crushed under debt amounting to some 160 percent of ...
LONDON (Reuters) - Britain's Conservatives have overtaken the Labour opposition in an opinion poll for the first time this year, enjoying a bounce from Prime Minister David Cameron's veto of a new European Union treaty, the latest Reuters/Ipsos MORI poll showed on ...
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