Showing 1 - 10 of 17
Japan's debt mountain: How is it sustainable?
AFP, Published on 10/06/2020
» TOKYO: Already the global leader in accumulating debt, Japan is adding nearly $2 trillion to its mountain this fiscal year with record stimulus packages to cushion the impact of coronavirus.
Messy Brazil, foreign fortune-seekers' haven
AFP, Published on 26/08/2016
» RIO DE JANEIRO - Brazil is a mess, economists say, with the looming presidential impeachment vote fanning tensions in a country stricken by recession, corruption and inequality. So why are foreign businesses so excited?
Euro extends slide as European stocks rebound
AFP, Published on 11/03/2015
» LONDON - German and French stock markets rebounded strongly Wednesday after upbeat comments from ECB head Mario Draghi but the euro hit new multi-year lows on expectations of a US rate hike.
Moody's raises Ireland rating to investment grade Baa3
AFP, Published on 18/01/2014
» Moody's raised Ireland's sovereign debt rating on Friday, pulling it out of junk territory to an investment-grade Baa3 in recognition of the eurozone country's exit from a huge EU-IMF rescue programme.
Bailed-out Portugal to make new cuts in 2014 budget
AFP, Published on 15/10/2013
» Bailed-out Portugal will put forward new spending cuts demanded by its creditors in a draft budget for 2014 on Tuesday which risks deepening discontent over austerity measures.
Bank of Japan announces fresh easing measures
AFP, Published on 04/04/2013
» The Bank of Japan embarked on a new era of huge spending Thursday by unleashing a flood of easy money, in its boldest attempt to drag the economy out of decades of crushing deflation.
Anglo Irish Bank deal gets ECB green light
AFP, Published on 07/02/2013
» Ireland has reached a landmark deal with the European Central Bank to re-structure the massive debts of the former Anglo Irish Bank, Prime Minister Enda Kenny said on Thursday.
Spain seeks French support as eurozone crisis deepens
AFP, Published on 26/07/2012
» Europe's economic crisis has deepened, with a slump in German confidence, worsening British recession and a debt-wracked Spain seeking French support in the face of soaring borrowing costs.
Spain borrowing costs push higher, rattling eurozone
AFP, Published on 25/07/2012
» Spanish borrowing prices hit a new historic high after a second region said it too may seek rescue aid, roiling world markets already hit by a surprise ratings warning to Germany.
France, Germany in talks before key EU summit
AFP, Published on 28/06/2012
» Germany's Angela Merkel held last-minute talks Wednesday with French President Francois Hollande before a crucial EU summit but warned she would not budge in her opposition to pooling eurozone debt.