PIIGS
More
-
An apt symbol, as Slovenia comes under growing pressure to seek a bailout to fill a financial hole, just as Cyprus did last month. The countries are different in many ways, but they have at least two things in common: like Cyprus, Slovenia needs to recapitalise its biggest banks, and it does not have the money to do so.
-
NICOSIA, April 4- Public shock in Cyprus about the tough terms of an international bailout is turning into anger as millions of euros remain locked in the country's banks.
-
*ECB keeps interest rates at 0.75 pct. FRANKFURT, April 4- European Central Bank President Mario Draghi opened the door on Thursday to an interest rate cut as soon as next month, saying his bank stands "ready to act" to boost the recession-hit euro zone economy.
-
FRANKFURT, April 4- The European Central Bank expects a gradual economic recovery later this year but will monitor incoming data very closely and is ready to cut interest rates if necessary, its president said on Thursday.
-
FRANKFURT, April 4- European Central Bank President Mario Draghi said on Thursday that the bank would keep a close eye on economic data over the coming weeks to judge what impact it would have on inflation.
-
FRANKFURT, April 4- The European Central Bank kept interest rates on hold on Thursday, waiting to see if a recession-hit economy perks up and whether an aggressive policy move by the Bank of Japan helps the euro zone.
-
LONDON, April 4- A huge drop in French business activity meant the euro zone's recession dragged on in March but British services firms provided a rare glimpse of economic sunshine, posting their best month since August.
-
LONDON, April 4- The yen sank across the board on Thursday after the Bank of Japan unveiled a set of bold easing measures, while weak euro zone business data piled pressure on the single currency before a European Central Bank meeting.
-
*Downturn in France now deeper than that of Italy, Spain. LONDON, April 4- The euro zone's economic decline dragged on unabated in March, marked by a huge drop in French business activity that outstripped even the downturns in Spain and Italy, a survey showed on Thursday.
-
*German bonds flat ahead of debt auctions by Spain, France. LONDON, April 4- The dollar rose more than 2 percent against the yen after the Bank of Japan took surprisingly strong easing steps on Thursday, while Europe's share markets softened before a European Central Bank meeting later in the day.
-
FRANKFURT, April 4- The European Central Bank is expected to keep interest rates unchanged on Thursday but investors will be looking for any signs it is preparing for a cut in coming months to help lift the euro zone out of recession.
-
FRANKFURT, April 4- The European Central Bank is expected to hold interest rates on Thursday but investors will be looking for any signs it is preparing for a cut in coming months to help lift the euro zone out of recession.
-
But with persistent recession across Europe and high levels of youth unemployment and long-term joblessness, signs that growth is picking up may offer little cheer.
-
If it fails, international lenders may have to do what they wanted to avoid and which Germany and its northern European allies may baulk at- give Cyprus more money. Nicosia will get 10 billion euros over three years from the euro zone and the International Monetary Fund.
-
*ADP report shows private sector jobs gain lower than expected. NEW YORK, April 3- The dollar fell across the board on Wednesday after a report showed the U.S. private sector created fewer jobs than expected last month, raising concerns that recovery in the world's largest economy has stalled.
-
*Investors worry Slovenia could be next for bailout. FRANKFURT, April 2- The European Central Bank this week will try to calm investors worried about the euro zone crisis flaring up again, pledging to keep the banking system lubricated after Cyprus's brush with financial meltdown.
-
LONDON, April 2- Euro zone bond markets began the week in cautious mood with peripheral bond yields holding at elevated levels as the impact of Cyprus's landmark bailout and Italy's political stalemate unnerved investors.
-
NEW YORK, April 2- The dollar rallied from one-month lows against the yen on Tuesday, benefiting from a rally in U.S. stocks and investor caution on the Japanese currency ahead of a Bank of Japan monetary policy meeting this week.
-
If the Bank of Japan meets expectations and embarks this week on a radical policy shift to crush deflation, the meeting will go down as historic.
-
LONDON, March 31-' Historic' is an overused word. Because of gently falling prices, Japan has not grown in nominal terms for two decades, reducing its relevance for the global economy. "This is their best shot at reviving the economy," said Jerry Webman, chief economist at OppenheimerFunds in New York. "