Ecomomic Crisis
Daily News and Updates
Wednesday - February 29, 2012:
- ECB edict leaves Greek banks reliant on emergency aid
- German parliament back Merkel's £108bn Greek bailout
- Factory, confidence data cloud view on recovery
- Four million households face council tax rise - UK
- US home prices at lowest since crisis began
Tuesday - February 28, 2012:
- Greece still at risk of default, says Moody's
Monday - February 27, 2012:
- Analysis: Oil price rise raises specter of global recession
- Berlin demands 'foreign legion' of tax inspectors to descend on Athens
- G20 to Europe show us the money
- German minister tells Greece to exit eurozone
- Greece sets bank recap via common shares with restrictions
Sunday - February 26, 2012:
- Economic doomsday predictions gathering strength
- Greek bail-out threatened by Germany-IMF stand-off
Saturday - February 25, 2012:
- Bank of America Breaks With Fannie Mae
- Dish Network closing 500 Blockbuster stores
- Lloyds plunges to £3.5bn loss for 2011
- Procter & Gamble to cut 5,700 jobs in restructuring
- U_S_ Postal Service to Cut 35,000 Jobs as Plants Are Shut
- UK GDP growth for 2011 revised down to 0.8%
Friday - February 24, 2012:
- Euro zone economy set to shrink in 2012, deficits in focus
- Euro zone headed for recession, report says
- In Europe, spending cuts fail to ease debt burdens
- RBS banks posts losses of £2bn but 'casino bankers' still enjoy £390m bonus pot
Thursday - February 23, 2012:
- Fitch downgrades Greece on debt swap plan
- Germany still against boosting eurozone firewall
- Euro zone crisis reduces Chinese exports
Wednesday - February 22, 2012:
- Exclusive China, India plan Iran oil cuts of 10 percent or more
- Russia’s Poverty Rate Rises to 12.8% in 2011
- Wal-Mart holiday price cuts hit profits
Tuesday - February 21, 2012:
- UK and 11 other EU states write joint growth plan
- Lloyds and RBS expected to report losses of £4bn last year
- Corporation tax refund delays are creating 'enormous problems' for companies
- Evacuation warning to Britons in Greece
Monday - February 20, 2012:
- Germany drawing up plans for Greece to leave the euro
- 50-Cent Stamp, Other Postal Changes Coming
Sunday - February 19, 2012:
- Markets back Greek bailout hopes but German schism could still derail deal
Saturday - February 18, 2012:
- Foreclosure abuse rampant across U.S., experts say
- Oil price surge could dampen global recovery
Friday - February 17, 2012:
- EU to ban Iran banks from using Swift
- Eurozone GDP down
- Greek bail-out may be split to maintain pressure
- Moody's may downgrade UBS and Morgan Stanley
- Russia's GDP Growth to Fall to 3.5% - S&P
- California audit finds broad irregularities in foreclosures
Thursday - February 16, 2012:
- Wen says China ready to help Europe
- Thousands of workers being forced to delay retirement because they cannot afford to leave jobs
Wednesday - February 15, 2012:
- Britain 'at risk of losing its gold-plated AAA credit rating'
- Moody's warns it may cut AAA-rating for UK and France
- EU report: 12 countries at risk of new economic crises
- Moody's cuts Italy and Spain, warns France and UK
- Ancient buildings burn in Athens as protests continue
- Iran presses ahead with dollar attack
- It's time to sell
- New defense cuts threaten bases, shipyards
Tuesday - February 14, 2012:
- China won't 'buy' Europe
- Greece still to convince Europe over rescue deal
- Greece to Complete Private Creditor Bond Swap in March
- S&P's Moritz Kraemer: Europe's AAA-rated Mr Scissorhands
Monday - February 13, 2012:
- Riots spread as Greek lawmakers OK debt bill
Sunday - February 12, 2012:
- Greece crisis reaches boiling point as Athens asks if it can stay in the euro
- Greece's rebel MPs told to accept bailout terms
Saturday - February 11, 2012:
- The insiders are selling heavily
- Greece reels after leaders agree to harsh spending cuts
- Greek austerity package fails to impress EU
- PepsiCo announces 8,700 job cuts as net income rises
- Barclays caps bonuses at £65,000 but investors say it's 'business as usual'
- Unions call on UK high street giants to halt unpaid work schemes
Friday - February 10, 2012:
- Bank of England holds base rate at historic low of 0.5% as it prepares for new £50bn quantitative easing plan
- Pushed by food prices, China’s inflation accelerates
- U.S. banks agree to $25 billion in homeowner help
- Breakthrough deal on new rules for derivatives trading
Thursday - February 9, 2012:
- Tens of thousands of EU firms going bust
- Russia's GDP Growth to Fall to 3% - HSBC
- Nokia to cut 4,000 jobs, move manufacturing to Asia
- Elderly 'left in crisis' by town hall cutbacks as social care is slashed
Wednesday - February 8, 2012:
- China growth could halve if Europe crisis worsens IMF
- Disbelief as Greek politicians delay deal on €130bn rescue package
- Romanian government collapses amid public outrage over austerity
- Banks Paying Homeowners to Avoid Foreclosures
Tuesday - February 7, 2012:
- Global stocks, euro stall on Greece concerns
- Greece Poised for Further Spending Cuts
- Greek Trade Unions Announce General Strike
- We're in the red ... so let's borrow
Monday - February 6, 2012:
Nothing to report this morning.
Sunday - February 5, 2012:
- Hungary seeks 15-20 billion euro IMF-EU credit line official
Saturday - February 4, 2012:
- Eurozone countries sign bail-out fund treaty
- Berlin digs in heels on extra €15bn for Greece
Friday - February 3, 2012:
- China's Wen May consider bigger role in EU rescue
- EU unemployment hits record high
- Bank survey highlights EU economic gloom
- Europe May Be Planning 1.5 Trillion Euro Backstop Fund
- Sony sees $2.9 billion loss, new CEO warns of pain
Wednesday - February 1, 2012:
- Is the European Union doomed?
- As British jobless toll soars, UK bosses recruit thousands in Romania
- Greece seeks bail-out deal 'this week' to avert catastrophe
- S&P may downgrade G20 nations as of 2015
- UK: Army to cut 20,000 jobs two years earlier than expected
- Home prices drop, consumers turn gloomier
- Middle class priced out of university by soaring tuition fees
- Toshiba cuts outlook after Q3 profit tumbles
Archives --
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
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December 2010
November 2010
October 2010
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April 2010
March 2010
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January 2010
December 2009
November 2009
October 2009
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December 2008
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October 2008
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