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  • European Central Bank

    Many people will applaud the ECB for having the guts and finding the room to re-establish it's inflation-fighting credibility and to step in where the Fed can not because of the state of the American housing market.

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    The West's attempts to kick-start growth have opened up a 'Pandora's Box' of economic distortions that have taken the emerging world to the outer reaches of economic experimentation, according to HSBC chief economist Stephen King.

  • Governor of the Bank of England Mervyn King

    The central bank is widely expected to keep rates at their current historic low of 0.5 percent as new data released in the UK this week showed the economic recovery faltering.

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    Portugal has finally gone cap in hand to the European Union, the European Central Bank is about to raise rates and the market is obsessed by Fed speak and looking for clues on when the second round of creating money — or quantitative easing — will come to an end.

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    After months of speculation, Portugal last night accepted what many had claimed has been inevitable since the fourth quarter of 2009 and went cap in hand to the European Union as its borrowing costs became unsustainable following another big jump in yields.

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    Global investors have followed every twist in the ongoing debt crisis engulfing the euro zone. See what countries have the most indebted governments, and how their economies are faring.

  • "A player on a sports team might prefer a particular strategy, but it's the coach's opinion that matters the most," said DRW Holdings market strategist Lou Brien, in a research note.

  • Guy Monson, a fund manager at Sarasin, has called the two-year rally in stocks and stayed true to his bullish views despite the wall of worry.

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    The UK economy returned to growth in the first quarter of 2011 but the outlook for the rest of the year remains worrying, according to a report published Tuesday by the British Chambers of Commerce (BCC).

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    Austerity is - to put it bluntly - not going very well for a number of euro zone countries forced to impose measures on their economies and voters.

  • Oil Refinery

    Oil prices have recovered from a short sharp sell-off late last month to hit fresh highs but could be about to sell off again, according to Julian Jessop, the chief international economist at Capital Economics.

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    Intesa Sanpaolo has formed a consortium to manage the capital hike it could approve on Tuesday, a source close to the matter said on Monday, as the race to boost capital buffers intensifies.

  • Stocks are the safest place to be as inflation fears mount, Mark Mobius, Chairman, Templeton Emerging Markets Group, told CNBC Monday.

  • Jean-Claude Trichet

    The ECB is this week expected to lift rates by 25 basis points in a bid to reign in inflation despite ongoing fears over the financial health of Portugal, Ireland and Greece.

  • Interest rates

    It is all but certain that the ECB will raise rates this week. It has been itching to do so for some time. Now that the moment has arrived, what will the move actually mean for the euro zone and the global economy?

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    Euro zone inflation defied expectations of a small decline and surged higher in March, an early estimate showed on Thursday, a week before the European Central Bank is expected to raise interest rates to stem price growth.

  • HSBC

    HSBC is cutting growth targets and raising inflation forecasts following dramatic rises in commodity prices that threaten the global recovery.

  • Spain

    The Bank of Spain has ordered the four savings banks or cajas that had been poised jointly to form the new Banco Base to provide details “immediately” of their plans following the collapse of the merger on Wednesday evening, the Financial Times reports.

  • President of the Italian Republic Giorgio Napolitano

    Italy's president, Giorgio Napolitano, told CNBC the euro zone's third-largest economy was in no danger of going the way of Portugal and Ireland and seek a financial bailout.

  • China

    The world's biggest economies are recovering from the Great Recession at troublesome speeds: too fast or too slow.