Ecomomic Crisis
Daily News and Updates
Wednesday - November 30, 2011:
- What's this, China going bankrupt faster than U.S.?
- CHINA: Beijing to maintain restrictions on real estate market
- CHINA: Beijing ready to “push Chinese companies to acquire European enterprises”
- OECD calls for urgent EU action, warns of credit crunch
- Osborne reveals Britain's debts have soared by £111bn
- Europe ramps up rescue fund, may turn to IMF
- Eurozone bailout fund falls short of €1 trillion target
- Euro zone pressure mounts as finance ministers meet
- Eurozone gives Greece $10.7 billion lifeline, stumble over plans to beef up rescue fund
- Report: S&P to downgrade France
- S&P may cut France rating outlook paper
- Fitch takes dim view of U.S. deficit
- American Airlines files for Chapter 11 bankruptcy protection
- UK- Universities see 15% slump in applicants due to huge rise in fees
Tuesday - November 29, 2011:
- China looking to snap up EU factories, railways
- Report: UK tells embassies to prepare for riots if euro collapses
- Top media predict imminent eurozone collapse
- Insight: Euro zone staring into the abyss, waiting for ECB
- Asian shares up on speculation of IMF bailout for Italy
- IMF pours cold water on rumours of Italy bail-out
- Food banks worry about rising peanut butter prices
Monday - November 28, 2011:
- Osborne warns Britain faces six more years of misery
- Grim winter looms for cash-strapped Europeans
- Black market meat alert as lamb rustling leaps 250 per cent this year
Sunday - November 27, 2011:
- Britain faces a 'second recession next year'
- Eurozone looks to IMF as contagion spreads
- France, Germany and Italy squash market hopes of ECB intervention
- Fitch cuts Portugal rating on high debts, worse outlook
- German bonds fall; stocks, euro vulnerable
- Only Merkel can save the eurozone now
- Strikes will shut nine out of 10 schools
Wednesday - November 23, 2011:
- World Bank: Asian economies to slow down because of Europe crisis
- Ratings agency raises alarm on core EU economy
- ECB doubles bond purchases
- Hungary reaches out for ‘precautionary’ EU-IMF rescue
- Third-quarter growth cut on weak inventories
- France, Germany to press euro zone treaty change
- Who owns сurrency?
- What comes next after economy falls?
- Banks near record spending on D.C. lobbyists
- Cable: We're ready to curb bosses' pay
- Debt-hit Thomas Cook in fight for survival after number of bookings slumps
- Obama: I Will Veto Attempts To Get Rid Of Automatic Spending Cuts
Tuesday - November 22, 2011:
- Global markets down on debt fears in US and eurozone
- Eurozone crisis Debt fears send markets falling
- Global economic outlook grim, China tells U.S. trade
- David Cameron and Nick Clegg to unveil £400m homes plan
- Hungary asks European Union for financial aid
- Lawmakers abandon deficit-cutting effort
- Spain PM 'Difficult times,' 'no miracles'
Monday - November 21, 2011:
- Aides 'Super Committee' likely to announce failure to reach debt deal
- The euro will survive – and Britain will join, says Michael Heseltine
- U.S. money funds seen at risk from Europe's debt storm
- Fears of winter of discontent as TUC chief threatens wave of strikes
Sunday - November 20, 2011:
- Do Germans want to save the euro or not?
- Germany's war on the pound
- Spanish elections 5th EU government to fall due to crisis
Saturday - November 19, 2011:
- EU fatalists put Dow 8,000 back in play
- China's U.S. Treasury holdings rise
- Merkel tightens grip on eurozone
- Brussels seeks tight budget control, ECB impatient
- Even chance ECB to start printing money: Reuters poll
- EU commission to present eurobonds plans next week
- Spanish borrowing costs soar
- Thousands strike from Chinese shoe factory
- 1 in 5 US children poor, Census says
- Occupy protesters march nationwide; many arrested
Friday - November 18, 2011:
- Citibank: ‘Spain, Italy could default in days if ECB does not act’
- Mass bond selloff takes Europe from bad to worse
- Greek protests as France, Spain face squeeze
- Osborne to miss deficit target as UK economy stalls and unemployment rises
- New Italy PM wins confidence vote on tough reform plans
- U.S. national debt tops record $15 trln
- Unite union members vote 3-1 in favour of pensions strike
Thursday - November 17, 2011:
- $200 Crude in 2012
- Energy prices could soar by 60% by 2021, say experts
- Eurozone recession looming, as debt costs soar
- Euro soft as debt crisis threatens more EU members
- France and Germany clash over ECB crisis role
- Team named to help Italy out of crisis
- Obama administration quietly bracing for debt supercommittee failure
- Russian stocks, ruble continue slide on lingering Italy concerns
- Study Michigan among states raising poor's taxes
- Millions of families cut every last luxury to make ends meet... even bubble baths
Wednesday - November 16, 2011:
- The IMF warns China over banks
- Investors sell off French bonds, push up Italian borrowing rates
- Eurozone crisis Italian bond yields hit 7% again on 'most worrying day' - 15 November 2011
- Fannie, Freddie executives score $100M payday post bailout
- Harrisburg misses deadline for bankruptcy plan
- Arab League seeks solutions as 70 per cent of Arab youth want to emigrate
Tuesday - November 15, 2011:
- Europe could be in worst hour since WW2 Merkel
- France 'could be next victim of eurozone crisis'
- EU commissioner Belgium could become the next Greece
- Citizens will 'revolt' against markets, French regulator warns
- Greek opposition leader refuses to back new austerity plan
- Italy's Monti says talks constructive, should stay until 2013
- Lossmaking UniCredit seeks $10.3 billion, axes 6,150 jobs
- UK jobs market faces 'slow, painful contraction'
- APEC ends amid rows over the yuan and a proposal for transpacific free trade
Monday - November 14, 2011:
- British economy braced for double blow
- Child poverty warning as cuts threaten to close 3,500 Sure Start centres
- Europe even starting to wear on market's bulls
- Europe starting to hit US shores
- Italy anxiously awaits reaction to new premier
Sunday - November 13, 2011:
- China threatens US with new debt downgrade
- Europe has to rescue itself, without any help from Beijing
- Ministry of Defence deny soldier redundancies are about to double
Saturday - November 12, 2011:
- 65% Chance of Banking Crisis by End of Month: Researchers
- Britain prepares for economic 'Armageddon'
- Exclusive: Politics stymie China's EU aid offer sources
- Italy crisis Senate adopts austerity law
- Eurozone debt crisis live: Markets surge as Papademos sworn in as Greek PM
- Brokerage terminates all 1,066 workers
- LePage: Cut welfare and MaineCare or we’ll have to cut education
Friday - November 11, 2011:
- Analysis: Euro zone failure could be vast geopolitical shock
- Analysis: Europe's debt crisis to shake corporate America
- Autumn forecast EU economy in ‘dangerous territory’
- European Comission warns of looming eurozone recession
- IMF chief warns world economy risks 'downward spiral'
- Asian shares and currencies plunge because of Italian crisis
- There is a way out of eurozone meltdown...But it's going to hurt
- Italy makes moves on unity government; EU dithers
- Italy could blow Europe to pieces
- Bank of England holds interest rates and QE programme
- Spanish bankers ask ECB to buy debt of euro zone problem countries
- China October imports surge as exports wilt
- Michigan Sizes Up Takeover of Flint
- Mortgage rates drop below 4% again
- Partner's Orange Cellular Franchise to Start Massive Layoffs
Thursday - November 10, 2011:
- IMF warns of 'lost decade' due to euro-crisis
- Europe’s woes make way across the Mediterranean
- Greek PM steps down to make way for coalition gov't
- HSBC says may leave UK, hit by U.S. bad debts
- Italy at breaking point; fears grow of euro zone split
- Italy Bond Attack Breaches Euro Defenses
- Italy Eurozone's new gravedigger?
- Italy seen at breaking point with borrowing costs over 7%
- Japan welfare recipient numbers soar
- Jobseekers who fail to find employment will be forced to do voluntary work for 30 hours a week
Wednesday - November 9, 2011:
- Russia and China to strengthen economic ties with Central Asia
- Thousands of Hong Kong-owned factories could shut down before the end of the year
- Analysis: Losing credibility, EU seeks IMF's embrace Reuters
- Eurozone ministers fail to create €1 trillion bail-out fund
- Italy bond yields soar; euro zone troubles deepen
- Late mortgage payments up in third quarter, 1st rise in years
- Lloyds Banking Group slumps to £3.8bn loss
- Outside View: Italy next to fail and gold at 3000?
- Private pension annuity payouts hit an all-time low, experts warn
Tuesday - November 8, 2011:
- CHINA: One trillion yuan subsidies for firms hit by export slowdown
- Germany resists demands to make gold reserves into euro-collateral
- European markets hit by more turmoil
- Greek leaders locked in talks as they bid for coalition deal to secure 130bn euro bailout
- Italy 'needs 300bn euro loan to stand still'
- French PM Unveils Austerity Measures To Save Extra EUR7B In 2012
- IMF chief urges Russia to build up reserve funds
- Federal borrowing up, household debt shrinks
- The euro's new rules
- Best Buy buys out U.S. mobile partner for $1.3 billion
- Jobs at risk as Carphone Warehouse withdraws from Best Buy stores
- Pensioners warned to 'remortgage to pay for personal care'
Monday - November 7, 2011:
- Euro zone countries could split, says Goldman Sachs exec
- Euro zone's political bumbling risks global gloom
- World's economy is on brink, Key admits NZ is 'vulnerable'
- Most of the unemployed no longer receive benefits
- Hundreds in Mississippi seek 24 Tyson Foods jobs paying $8.60 an hour
- Tens of Thousands Flow Into Texas Credit Unions
Sunday - November 6, 2011:
- Lawmakers Aim to Stop Pentagon Cuts if Deficit Panel Fails
- Moody's cuts Cyprus' credit rating by 2 notches
- Potential bailout lurks for European Union
- World leaders demand swift action by Europe to contain debt crisis
Saturday - November 5, 2011:
- G20 summit fails to allay world recession fears
- Obama, G-20 can't agree on IMF rules
- Germany blocks G-20 plan for SDRs to fund EFSF arm
- Greece PM survives confidence vote
- Back To European Sov Exposure Moody's Will Downgrade Austria's Erste Over Attempt To Hide Billions In Sovereign CDS
- Bank Customers Flee to Credit Unions
- U.S. Imported Toys Drop In Sales
Friday - November 4, 2011:
- China: Up to $100bn available for EU
- Analysis: Beijing risks public backlash if rescues Europe
- EU acts to shield euro from Greece
- Papandreou pulls back from referendum
- Greece backs away from euro zone referendum
- Freddie Mac Seeks $6 Billion Bailout After Worst Quarterly Loss This Year
- Growth in Retail Sales Slows in October
- ING to cut 2,700 jobs, takes Greek bond hit
- Unable to pay bill, Mich. city turns off lights
Thursday - November 3, 2011:
- Germany warns Greece over eurozone rescue deal
- France, Germany give Greece ultimatum on euro
- China hopes EU will implement anticrisis plan despite Greek referendum
- As government verges on collapse, Papandreou fires military chiefs
- G20 summit to focus on Greece to prevent chain reaction
- Italy government to hold emergency meeting
- Chinese output affected by Europe’s crisis
- Russia offers $10 billion for Eurozone bailout
- New Zealand shares fall as global markets tumble
- BofA employees flood bank's rivals with resumes
- Sony predicts $1.1bn full-year loss
Wednesday - November 2, 2011:
- Central banks top up gold reserves
- China PMI in surprise fall, lowest since 2009 Reuters
- European debt crisis Greek referendum throws markets into turmoil
- Greek vote brings uncertainty back to Wall Street
- OECD slashes Eurozone growth forecast in half
- JAPAN: Currency loses 5 per cent against dollar as Bank of Japan sells yen
- Euro crisis 'could lead to social unrest'
- Central bank nearly doubles capital flight forecast for 2011
- Regulators Investigating MF Global for Missing Money
- Ruble slumps vs dollar over euro debt worries
Tuesday - November 1, 2011:
- China Can Bolster EU Finances but Wants Reciprocity
- Commentary: New world order
- MF Global is first big US victim of Europe crisis
- More than 60 percent of global consumers downbeat Nielsen
- Panasonic sees $5.5 billion annual loss, worst in a decade
Archives --
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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December 2009
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