Economic Regions PIIGS

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  • BENGALURU/ SYDNEY, Jan 4- The global economy finished last year on a fragile footing, with factory activity in China shrinking for the 10th month running in December while a pick-up in the euro zone was tepid, suggesting more policy stimulus may be in the pipeline. Coming on a day of turmoil in Asian stock markets after China's central bank fixed the yuan at a 4-1/ 2...

  • LONDON, Dec 30- German Bunds were set to end their most volatile year since 2011 with yields higher than at the end of 2014 after a failed bid to break below zero raised questions about their safe-haven status and showed the limitations of ultra-easy monetary policy. On Wednesday, the last trading day of 2015, 10- year Bund yields, the benchmark for euro zone...

  • LONDON, Dec 30- German Bunds were set to end their most volatile year since 2011 with yields higher than at the end of 2014 after a failed bid to break below zero raised questions about their safe-haven status and showed the limitations of ultra-easy monetary policy. On Wednesday, the last trading day of 2015, 10- year Bund yields, the benchmark for euro zone...

  • *Italy rushed to save 4 failing banks before EU rule change. ROME/ MILAN, Dec 11- Four Italian banks that were rescued by the government may have mis-sold bonds to retail investors by not adequately warning them that they could lose their money, the economy minister said on Friday. Italy salvaged Banca Marche, Banca Etruria, CariChieti and CariFe at the end of...

  • ATHENS, Dec 11- Greece and its international lenders have agreed on a set of reforms needed for Athens to receive 1 billion euros in fresh loans under its bailout, Greek Finance Minister Euclid Tsakalotos told reporters on Friday. The reforms relate to the structure of a new privatization fund whose revenues will be used to boost investment and pay down the...

  • LONDON, Dec 10- Greece was the best government bond investment in the euro zone this year despite almost leaving the currency bloc in a dispute over its third financial rescue while Finland, a champion of fiscal responsibility, lost the most money for investors. Meanwhile Finland, which threatened to stay out of Greece's third bailout, has lost its allure as an...

  • DUBLIN, Dec 8- A British withdrawal from the European Union would hurt Irish exports, economic growth and jobs, while the country's financial sector could be significantly impacted, the Central Bank of Ireland said on Tuesday. Dublin sees the prospect of Britain voting to leave the EU at a promised referendum as a major strategic risk and last month a...

  • ATHENS, Dec 7- Greek Prime Minister Alexis Tsipras said on Monday the International Monetary Fund was not playing a constructive role in Greece's bailout and should make up its mind whether it wants to stay in the programme. He accused the Washington- based global lender of making unrealistic demands both on Greece for tough reforms and on its euro zone partners...

  • DIARY- Top Economic Events to Dec 17 Thursday, 3 Dec 2015 | 7:01 PM ET

    PHILADELPHIA- Federal Reserve Bank of St. Louis President James Bullard speaks on "Neo Fisherianism" before "The New Normal for the U.S. NEW YORK- Federal Reserve Bank of New York President William Dudley and European Central Bank President Mario Draghi participate in a meeting of the Economic Club of New York- 1700 GMT. NEW YORK- European Central Bank President...

  • Greek banks could get ECB cash before bailout review Thursday, 3 Dec 2015 | 12:57 PM ET

    FRANKFURT/ ATHENS, Dec 3- Greek banks could return to normal European Central Bank funding before international lenders conclude a first review of the country's new bailout programme early next year, the euro zone's central bank said on Thursday. Asked when the ECB would restore a waiver to let Greek banks participate in its liquidity tenders, ECB...

  • DIARY- Top Economic Events to Dec 16 Wednesday, 2 Dec 2015 | 7:01 PM ET

    WASHINGTON- Federal Reserve Bank of Cleveland President Loretta Mester gives welcome remarks before the "Financial Stability: Policy Analysis and Data Needs" conference sponsored by the Federal Reserve Bank of Cleveland and the Treasury Department Office of Financial Research- 1340 GMT. WASHINGTON- Federal Reserve Bank of Cleveland President Loretta...

  • European shares end near three-month high before ECB move Wednesday, 2 Dec 2015 | 12:28 PM ET

    *Arcelor Mittal falls after Citigroup downgrade. LONDON, Dec 2- A key European benchmark index closed near three-month highs on Wednesday, with expectations of new European Central Bank stimulus measures providing support. "The stock markets are still running up off the back of the euro, and expectations that ECB head Mario Draghi will announce new easing...

  • DIARY-Top Economic Events to Dec 4 Friday, 20 Nov 2015 | 7:01 PM ET

    SATURDAY, NOVEMBER 21 BERKELEY, United States- Federal Reserve Bank of San Francisco President John Williams participates in panel "U.S. Monetary Policy Developments "at the Clausen Center Conference on Global Economic Issues- 1800 GMT BERKELEY, United States- European Central Bank board member Benoit Coeure gives a lecture at the University of California-...

  • Slower coal and iron ore demand from China- the world's biggest industrial importer- have battered the dry bulk sector, already in the midst of its worst ever downturns that is expected to extend well into next year. "Dry bulk demand is very much dependent on the world economy," said Symeon Pariaros, chief administrative officer of Athens- run and New York- listed...

  • Attacks complicate French route to economic recovery Tuesday, 17 Nov 2015 | 12:50 PM ET

    PARIS, Nov 17- The French economy's cautious path to recovery will be trickier after Friday's attacks that killed 129 people, with the outlook uncertain for the retail and tourism sectors but some boost expected from a rise in public sector security spending. The experience of Spain after attacks in Madrid in March, 2004 and Britain after bombings in London in...

  • *Greece breaks deadlock with lenders over foreclosures. ATHENS, Nov 17- Greece reached an agreement with its lenders on financial reforms early on Tuesday, its finance minister said, removing a major obstacle holding up fresh bailout loans for the cash-starved country. Greece has been keen to complete its first assessment under the new bailout package, its...

  • *Nikkei tumbles after GDP data confirm Japan recession. HONG KONG/ TOKYO, Nov 16- Asian stocks fell to six-week lows on Monday and emerging market currencies wilted as investors sought the safety of the greenback in the wake of Friday's deadly attacks in Paris and downbeat economic data. MSCI's broadest index of Asia-Pacific shares outside Japan fell more than 1...

  • ROME, Nov 12- Italy has so much pent up demand after seven years of stagnation and recession that its economy will continue to strengthen despite headwinds from China and emerging economies, the economic adviser to Prime Minister Matteo Renzi said. "We have lost so much in terms of investment and consumer spending in the last seven years that there is a lot to catch...

  • ECB rate-cut talk buffers Portuguese bonds Wednesday, 11 Nov 2015 | 6:34 AM ET

    LONDON, Nov 11- Portuguese government bond yields reversed early rises on Wednesday as the prospect of additional stimulus from the European Central Bank trumped concerns over political uncertainty in Lisbon. Benchmark 10- year yields in Portugal rose more than 5 basis points in early trade before reversing track to trade 1.6 bps lower at 2.78 percent.

  • LONDON, Nov 10- Any Greeks hoping their days of economic pain are over following the latest bailout agreement with international lenders should look to the dire projections from Europe's three main institutional forecasters for a reality check. The European Commission, the OECD and the EBRD all say Greece is heading into recession again this year and next,...