Asian Shares Rise on Strong US Data
Catherine Boyle
Staff Writer, CNBC.com
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Ireland, seen by some as a relative success story for austerity, may want to access the funds, known as Outright Monetary Transactions.
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Rio Tinto, the mining giant, was in turmoil Thursday morning after the abrupt departure of its chief executive and the announcement of a $14 billion writedown.
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Brazil, long viewed as one of the most promising emerging markets, has seen its crown slip slightly in recent months as its dominance is under threat with other emerging markets competing fiercely on cost.
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Germany’s economic strength is showing increased signs of fading, as the euro zone crisis continues.
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A helicopter crashed into a crane in south London Wednesday morning at around 8 a.m. local time, close to Vauxhall train station.
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A frustratingly slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply cut its outlook for world growth in 2013.
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One of the most recognizable buildings in London has seen substantial interest from buyers, as its latest developers try to create an 8 billion pounds ($12.9 billion) “new town center” south of the Thames.
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In the past few years, central banks around the world have pumped trillions of dollars into the financial system, partly motivated by the desire to keep their currencies weak in relation to others.
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Investment banking has been the focus of much of the recent news in the financial universe, with politicians urging banks to refocus on their traditional retail operations.
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A growing number of economists predict the European Central Bank’s rate-setting committee will vote to cut interest rates again at Thursday’s meeting.
