Browsing Category News
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Merkel rules out Eurobonds as Greek banks rescue small lender
German chancellor Angela Merkel on Sunday snubbed Eurobonds as a short-term answer to Europe’s sovereign debt crisis while four of Greece’s largest banks in Athens stepped in t... -
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Asahi buys Independent Liquor for $1.3bn?
?Japan’s Asahi Group Holdings said Thursday it has come to an agreement to buy New Zealand’s leading ready-to-drink cocktail company, Independent Liquor, for $1.31bn from Pacif... -
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Franco-German talks fail to reassure markets
Stocks in Europe fell on Wednesday after a meeting between French President Nicolas Sarkozy and German Chancellor Angela Merkel late on Tuesday to discuss the area’s rescue fund ... -
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German economy grounds to a halt
Germany, the EU’s biggest economy, saw a near stalling in 2Q11 as its GDP grew by just 0.1 percent between April and June, according to the country’s Federal Statistics Office.... -
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Asian stocks rise as Japan beats GDP estimates
Japan’s economy contracted during 2Q11 at a slower than expected pace by an annualised rate of 0.3 percent in the three months to the end of June, the cabinet office said. Real G... -
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EU imposes short selling ban
Amid heightened international market volatility, ESMA, the EU’s regulator, announced late on Thursday that France, Belgium, Spain and Italy have banned short selling in an attemp... -
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Shares drop on rumours of French credit downgrade
The Paris stock exchange lost over five percent of value and French financials were hammered late on Wednesday amid rumours that French banks were in serious difficulty. France’... -
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Stock markets higher after US Fed pledge?
?Asian stocks have rallied in early trading on Wednesday from their downward trend earlier in the week after the US Federal Reserve promised to keep interest rates near the zero le... -
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Global stocks plummet
European stock markets plummeted further on Tuesday following a sharp rise in Chinese inflation, adding to woes over debt contagion across the eurozone and fears of another US rece... -
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China inflation hits 6.5%
China’s PPI increased by 7.5 percent year-on-year while the inflation rate rose 6.5 percent to a 37-month high in July. Inflation was driven by a14.8 percent spike in food costs,...
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