2015 signals Greek instability

2015-01-02 13:30

The start of 2015 seems to indicate instability for the European Union and such instability will have much wider repercussions.

Europe's economic gloom lifts

2013-01-30 13:42

Optimism is gaining ground in the eurozone, with business leaders and consumers marking the third month running of positive signals.

Bumpy road for German economy - experts

2013-01-08 16:10

Although many see Germany escaping a recession, sliding exports and industry orders have prompted some economists to predict a tough time ahead.

Spain commits to stick to deficit targets

2012-03-23 11:22

Amid fears that Spain may be the next eurozone member to be hit by a financial crisis, its economy minister has pledged to uphold deficit targets.

Moody's threatens 17 banks with downgrade

2012-02-16 10:37

Rating agency Moody's says it may cut the credit ratings of 17 global and 114 European financial institutions with exposure to the eurozone debt crisis.

Stocks, euro edge up after sell-off

2011-12-20 08:28

Asian stocks and the euro inched up although sentiment remained subdued on concerns that efforts to contain the eurozone debt crisis were faltering.

China cuts bank reserves to lift economy

2011-11-30 17:57

Beijing has shifted policy and reduced the requisite reserves for commercial lenders to shore up the economy, which is at its weakest pace since 2009.

Greek move hits stocks, stirs German anger

2011-11-01 12:41

Global stocks including the JSE were hammered after the Greek prime minister called a shock referendum on its second bailout package, drawing veiled threats from Germany.

JSE ends week on a high

2011-10-28 18:15

The JSE closed at its highest in six months and the rand rallied as investor relief over a eurozone deal lingered.

Rand, JSE rally on eurozone deal optimism

2011-10-27 18:26

Global stocks and the JSE rallied and the rand hit a 5-week high against the dollar as risk aversion waned in the wake of a deal to tackle the eurozone debt crisis

Conclusive crisis deal may elude leaders

2011-10-26 11:02

Prospects look dim for a comprehensive deal to resolve the eurozone debt crisis at a much-awaited summit.

French credit review threatens eurozone

2011-10-18 10:39

Moody's decision to review France's triple-A credit rating has cast new doubt on Europe's hopes of drawing a line under its sovereign debt crisis

Gordhan: EU debt rescue may fall short

2011-10-14 15:26

If contagion from the eurozone debt crisis spreads, the IMF and European rescue fund resources may be inadequate, says Finance Minister Pravin Gordhan.

Cameron urges calm as clouds gather

2011-10-05 17:59

British Prime Minister David Cameron says the world is on the brink of another deep economic crisis, but that his government must stick to its deficit-cutting plans.

Stocks bounce on EU bank pledge

2011-10-05 10:31

European shares and commodities gained after European finance ministers agreed to safeguard eurozone banks from the sovereign debt crisis.

Bank of England keeps QE option open

2011-09-29 10:37

The Bank of England may have to consider more monetary stimulus if the global economy worsens, says its chief economist Spencer Dale.

Massive bank capital gap looms in Europe

2011-09-23 17:36

Europe's banks face a capital hole of at least €200bn if Greece forces them to slash the value of its debt and debt-ridden Italy and Ireland follow suit.

Gold, oil head for drop on growth fears

2011-09-23 10:27

Gold and crude oil prices have edged up, but remain poised for their biggest weekly losses in over a month on fears of a recession in developed economies.

Obama: World economy needs urgent action

2011-09-21 17:15

US President Barack Obama says the world must take coordinated action to rescue the global economy.

IMF: US, EU woes may knock African growth

2011-09-20 18:26

A faltering US and European recovery could threaten Africa's exports, aid and capital inflows, slowing the continent's growth, warns the International Monetary Fund.

IMF warns US, EU may slip into recession

2011-09-20 16:58

Europe and the US could slip back into recession next year unless they tackle economic problems speedily, says the International Monetary Fund.

US jobs, factory data show weakness

2011-09-15 18:32

Weekly jobless claims rose and US industrial output contracted, backing the view that the Federal Reserve would take steps to stimulate the economy.


ECB to give Europe a monetary jolt

2014-12-08 16:43

European Central Bank president Mario Draghi has a view that stretches far beyond Frankfurt's high-rise financial centre and he doesn't like what he sees.

Cyprus set to fully lift capital controls

2013-11-15 19:30

Cyprus is likely to completely lift controls on capital movement within months, ending a controversial chapter in the eurozone's short history.

Davos warns on global economic crisis

2013-01-27 12:22

While the worst of the financial crisis seems over there is still much to be done, the world's political and business elite has heard on the final day of the WEF.

Obama hails progress on euro crisis

2012-05-20 11:14

US President Barack Obama hailed progress made in tackling Europe's economic crisis at the end of a G8 summit.

Bold hedge funds mull Greek debt battle

2012-03-07 15:50

Some hedge funds are refusing to join Greece's bond swap, complicating efforts to restructure the the country's debt.

Eurozone mulls delay of Greek bailout

2012-02-15 15:53

A second bailout may be held back as Greece remains reluctant to commit to the terms of the €130bn package to stave off bankruptcy and a disorderly default.

China assures on stable 2012 growth

2011-12-09 13:52

Beijing will ensure stable and fast economic growth next year and will adjust policies as the global situation changes, Communist Party leaders have decided.

OECD: Eurozone crisis biggest global threat

2011-11-28 17:21

The eurozone crisis is the biggest danger to the global economy, says the Organisation for Economic Cooperation and Development as it slashed forecasts for all major economies.

Cameron: Tobin tax must be global to work

2011-11-02 16:30

British Prime Minister David Cameron says a tax on financial transactions, dubbed a Tobin tax, will only be effective if it is implemented worldwide.

Mondi ups profit, eyes more cost cuts

2011-10-31 10:12

Paper maker Mondi says its third-quarter underlying profit was higher than a year earlier and it plans more cost cutting measures as demand slows.

Global stocks lose steam after rally

2011-10-28 18:05

Global stocks stalled after a strong rally in the previous session and a disappointing Italian debt auction reflecting shaky confidence in Europe.

After euro deal, eyes on G20 to act

2011-10-27 10:49

France's finance minister says the Group of 20 needs to take wider measures to save the developed world from recession, now that an EU deal has saved the euro.

Investors jittery ahead of eurozone summit

2011-10-25 10:12

Uncertainty gripped investors, leaving global stocks mostly flat as a crucial summit to deal with the eurozone debt crisis approaches.

India says EU, US must resolve debt mess

2011-10-18 13:44

Indian Prime Minister Manmohan Singh says the US and Europe must contain their financial crises to prevent a global double-dip recession.

US rejects plan to bolster IMF

2011-10-14 17:48

Proposals to double the size of the IMF as part of a bid to deal with the eurozone crisis have been rejected by the US.

Citi: Emerging market equities to rebound

2011-10-07 12:23

Citigroup says it expects emerging markets equities to rally by the end of the year after volatility in the short term.

UK Q2 growth revised down to 0.1%

2011-10-05 12:33

Britain's gross domestic product in the second quarter was unexpectedly adjusted to 0.1%, casting doubt on the strength of its recovery.

Europe again steps back from brink

2011-09-29 15:28

Europe again averted disaster when German MPs approved a stronger eurozone bailout fund in spite of a rebellion in Angela Merkel's coalition.

US on knife edge of contraction - economist

2011-09-27 17:16

The Dallas Federal Reserve's top economist says the US economy is on a "knife edge" between growth and contraction and monetary policy tweaks do not seem to be helping.

Greece denies likelihood of default

2011-09-23 12:18

Greece has refuted newspaper reports that an option in its debt crisis would be an orderly default with a 50% haircut for bondholders.

Roubini: Rich states on edge of recession

2011-09-21 19:12

Fallout from the eurozone and US debt woes mean developed economies are more likely to contract than recover in coming months, says economist Nouriel Roubini.

JSE rebounds, helped by miners

2011-09-20 18:41

SA stocks rose to their highest in more than 6 weeks, helped by surging mine stocks which gained from a weak rand.

Investors shrug off Italian downgrade

2011-09-20 18:13

Global stocks closed higher as investors, eager to see if the Federal Reserve will aid a sputtering US economy, shrugged off Italy’s credit downgrade and other sour news.

Invest in people, Roubini urges SA

2011-09-20 14:48

Nouriel Roubini, the economist who predicted the financial crisis has urged SA to invest in skills and infrastructure to boost growth.

Lagarde urges bold action to stem crisis

2011-09-15 17:18

International Monetary Fund MD Christine Lagarde says rich countries must take bold action to break the cycle of weak growth and high debt.

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