Ecomomic Crisis
Daily News and Updates
Special:
- Meet the Obama link to Wall Street terror
Monday - October 31, 2011:
- 100 leading economists tell George Osborne we must turn to Plan B
- Panasonic to post $3.9 billion net loss in FY 2011-12
Sunday - October 30, 2011:
- China and EU begin negotiations, to outline world's economic future
- EU Agreement Yields Temporary Confidence Boost; Problems Remain
- Europe banking giants reveal recapitalization costs
- National debt nears size of U.S. economy
- Portugal, Spain urge G20 members to help ease crisis
- China and Russia helping eurozone to boost own power in IMF
- UK: House prices fall by 2.6%
Saturday - October 29, 2011:
- Desperate Euro chiefs look East to fund huge bailout gamble
- Sarkozy: EU should welcome Chinese bail-out money
- Fat cat bosses have awarded themselves massive 49 per cent pay hike
- Furious Greeks lampoon German 'overlords' as Nazis with picture of Merkel dressed as an SS guard
Friday - October 28, 2011:
- EU reaches deal, hoping for Chinese investments
- EU summit deal on eurozone debt crisis: Britain may become '2nd-tier European state'
- Eurozone buys time with debt deal, but could squander it by fumbling on the complex details
- Euro deal leaves much to do on rescue fund, Greek debt
- Germany makes Greece pay with sovereignty for new bail-out
- Greece to get 100B euros in more rescue loans
- EU bank buffer agreement to cost €106bn
- Gold Prices Pop as Europe Settles Debt Plan
- Brown to seek sweeping Calif. pension rollbacks
- Gov. calls for pay freeze for Wis. workers
- 3,000 jobs at risk as Britain's biggest nightclub chain sinks under weight of debts
- Nintendo to post its first ever annual net loss
- Sharp cuts outlook as TV sales slide
- Wall Street soars 3 percent as Europe deal cheered
Thursday - October 27, 2011:
- China shows interest in sponsoring EU bail-outs
- Merkel wants 'permanent' supervision of Greece, warns of war
- Euro zone summit stalls on banks
- Ford profit down; lackluster outlook disappoints
Wednesday - October 26, 2011:
- Vatican Calls for New World Economic Order
- Vatican joins calls for crackdown on financial markets
- Fears of European recession increase
- Euro bailout wrangles spook markets as fears of slump intensify
- Exclusive: IMF considering participation in EU bailout fund
- Talks aim to rescue Italy reforms ahead of EU summit
- Republicans ask Obama to lead on China currency
- Amazon's profits fall sharply in third quarter
- Consumer confidence tumbles, home prices stagnate
- AU Optronics Q3 loss widens, cuts capex further
- Broadcom sees revenue decline, stock falls
- Panasonic to make smaller LCD panels as TV sales lag report
Tuesday - October 25, 2011:
- Moody's changes Russian banking system outlook to 'negative'
- U.S. rating likely to be downgraded again: Merrill
- EU leaders eye IMF for extra cash
- Economic woes take toll on U.S. police departments
- More states limiting Medicaid hospital stays
- UK: University applications fall by 10% as huge jump in fees puts off potential students
Monday - October 24, 2011:
- EU summits expected Wednesday and Thursday
- Euro leaders edge closer to deal
- Sarkozy yields on ECB crisis role, pressure on Italy
- Spain, Italy under pressure as EU frames deal on bank capital
- EU treaty change should be limited, says parliament president
- Panasonic to slash domestic chip output Nikkei
Sunday - October 23, 2011:
- Banks under pressure in Europe crisis, pushed to raise capital, take Greek losses
- Official: EU banks have to raise $140 billion
- Euro countries call for 50% write-down on Greek debt
- Eurozone debt crisis: Five days to save world economy from catastrophe
- Spain, Italy under pressure as EU frames deal on bank capital
- (California) State warns 26,000 prison workers of layoffs
Saturday - October 22, 2011:
- EU to hold second summit next week
- Greece may need 60 percent bond writedown; EU at odds
- Greek unions plan further strikes against new austerity law, after 48-hour shutdown
- New credit crunch fear as lending squeeze tightens on small business
- Pondering further easing, Fed weighs best approach
- Car Company Gets U.S. Loan, Builds Cars In Finland
- News International to cut up to 200 staff at The Times and The Sunday Times
Friday - October 21, 2011:
- Euro falls on doubts about plans for single currency area
- European banks may only get 80bn euro in recapitalisation
- Franco-German split over bailout fund threatens crisis plan
- Protesters vow to cripple Greece, strike
- Some 200 anarchists attack police in Athens
- Man killed in Greek austerity protests
- Pennsylvania governor signs Harrisburg takeover bill
- Thousands dying because they can't afford heating bills
- British families now spend HALF their monthly income on rent
Thursday - October 20, 2011:
- EU trade official warns against failure at weekend summit
- Geithner: Plan for Europe is last chance to avoid global catastrophe
- France and Germany ready to agree €2tn euro rescue fund
- Moody's downgrades Spain two notches, outlook negative
Wednesday - October 19, 2011:
- China's economic growth slows to 9_1% in third quarter
- French credit review threatens euro zone rescues
- Moody's warns France on possible negative outlook
- 'Solving eurozone crisis is a long way off'
Tuesday - October 18, 2011:
- US to Play 'Very Major Role' In Helping Europe: Geithner
- Banks under pressure, Berlin dampens summit hopes
- Belarus needs to reform economy to get IMF bailout - IMF
- Philips to cut 4,500 jobs
Monday - October 17, 2011:
- G20 tells euro zone to fix debt crisis within weeks
- China’s small and medium enterprises struggling
- Cars torched and banks attacked in Rome
- Wall Street Protests Span Four Continents, Arrests Climb
- 'Occupy' movement mushrooms in Canada
Sunday - October 16, 2011:
- G20 summit expected to back IMF plan for bigger bailout fund
- G20 tells euro zone to fix debt crisis in eight days
- U.S. budget gap widens, tops $1 trillion for third year
- Wall Street protests go global; riots in Rome
Saturday - October 15, 2011:
- IMF lowers growth forecast for Asia
- ECB’s Stark says euro zone states need joint budget office
- Rest of world reluctant to boost support to eurozone in fight against debt crisis
- U.S. rejects plan to strengthen IMF in euro zone crisis
- China growth hit by EU, US slump
- Rating cut puts Spain back on crisis radar
- Fitch may downgrade BofA, Morgan Stanley, Goldman
- G20 meets amid debt, currency concerns
- Greek government vows to pass cuts in fight for existence
Friday - October 14, 2011:
- CHINA: Beijing buys into “its” banks to prop them up
- China trade surplus shrinks as global woes deepen
- SINGAPORE: City-state’s economy stalls, growth near zero
- Acropolis closed, transport halted as Greek strikes spread
- Analysis: Return of the pink slip Risk of layoffs rising
Thursday - October 13, 2011:
- Prominent Europeans call for greater political unity
- In Europe, economic meltdown tears at unity
- Enhanced powers for bailout fund to be approved later this month – Merkel
- £200bn black hole puts more pensions at risk as deficit grows by £80bn in just FOUR weeks
- Irish government considering €1bn welfare cuts
- Slovak government collapses over euro-bailout fund
- UK unemployment total hits highest in 17 years
- Families are facing the biggest fall in income since 1970s
- Aquino authorizes additional government spending to stimulate economy
- Philippines' Aquino unveils $1.6b stimulus package
- Senate passes bill to sanction China over currency
- Senate votes down Obama's $447 billion jobs package
- Why the euro bailout is the biggest Ponzi scheme in history
Wednesday - October 12, 2011:
- Moody’s, instability and the world’s single currency
- Beijing intervenes to help stabilise banks
- EU summit delayed as France, Germany tussle
- Insight New bankruptcy ripples may emerge
- Moody's may downgrade Russian bank ratings
- Slovakia blocks euro rescue fund
- 400,000 children will fall into relative poverty by 2015, warns IFS
- California revenues down by $705 million
- Sony sees murky holiday sales outlook
- Wall St jobs, bonus outlook dims for 2011
Tuesday - October 11, 2011:
- China Stocks Drop to Lowest Level in 2 Years as Developers Fall
- Special report: China's debt pileup raises risk of hard landing
- Merkel and Sarkozy meet to plan £172bn bail-out of Europe's ailing banking system
- G20 summit to focus on euro zone debt crisis EU
- Unison ballots 1 million public sector workers on strike action
- IMF Advisor: Could See Eurozone 'Meltdown' in 2 Or 3 Weeks
- Greece activates rescue fund to save Proton Bank
- Greece ends talks with Troika over EU bailout tranche
- Russia may purchase Spanish debt - Kremlin aide
- Dexia gets new bailout with €4bn Belgian deal
- Recession Officially Over, U.S. Incomes Kept Falling
- Supermarket price war heats up
Monday - October 10, 2011:
- Berlin, Paris vow new crisis plan as global pressure builds
- Euro crisis spreads and puts the world economy at risk
- Dexia bailout set as wider bank rescue mulled
- Europe eyes buoying banks to weather debt storm
- Third round of quantitative easing possible, says MPC member
- 777 school workers laid off in New York
Sunday - October 9, 2011:
- Confidence in UK banking system rocked
- Italy and Spain credit ratings are cut amid fresh Eurozone debt fears
- Sarkozy, IMF chief meet on debt crisis
Saturday - October 8, 2011:
- £75billion round of money printing is right weapon to shore up our economy, says Osborne
- Britain in grip of worst ever financial crisis, Bank of England governor fears
- Fitch cuts Italy and Spain ratings
- China currency bill passes US Senate test
- Job gains ease recession fears but still weak
Friday - October 7, 2011:
- As Bank chief warns of worst-ever crisis, he pumps £75bn into economy
- EU calls for global tax, Canada says can block it
- ECB offers new loans to banks in 'worst crisis since WWI'
- Merkel willing to recapitalise banks
- EU to link regional funds to strict deficit rules
- Europe’s Central Banks Take Different Tacks on Economy
- Italian Debt Downgrade and Dexia Bank Bailout Highlight Crisis
- Gov. Walker defends large cut to Medicaid
- Obama cautious on currency bill
- Senate moves toward final vote on China currency
- Obama vows to force votes on key parts of jobs plan
- Wall Street protest grows as unions swell ranks
Thursday - October 6, 2011:
- 'Silent majority' backs economic government of Europe
- U.S. continues push for global development funding
- Italian rating hit by Moody’s downgrade
- FTSE bounces back as European leaders consider support plan for region's ailing banks
- Nationwide strike shuts down Greek public sector
- New double-dip fear
- UK economic growth cut to 0.1% for April to June
- Services data stir euro recession worry
- Few more days of market decline to trigger margin calls-banker
Wednesday - October 5, 2011:
- Bernanke says economic recovery close to faltering
- U.S. close to faltering, Fed ready to act Bernanke
- ASIA: Shares lose, as Dexia shows signs it might become Europe’s Lehman Brothers
- Greek crisis close to claiming first victim in EU banking sector
- US Senate backs debate on currency law amid yuan row
- China warns of trade war if U.S. bill passes
- CHINA: Economists warn that without reforms China will fail
- CHINA: Global crisis sinking small- and medium-sized business
- EU preparing bank rescues amid Greece doubts
- FTSE slumps below 5000 as fears of Greek debt default grow
- Treasury bond scheme will lend the billions the banks are holding back
- Russian stocks tumble amid external negatives
- Factory orders send mixed signals on outlook
Tuesday - October 4, 2011:
- ASIA: Hong Kong stock exchange dive to minus 5 drags Asia downwards
- B of A shares dive amid website woes
- Bank of England to inject an extra £50bn to prop up economy
- UK’s Osborne says solution to Europe’s debt crisis and action on Greece is urgently needed
- Belarus seeks $400 mln from Iran, $7 bln from IMF
- Ruble and stocks continue free-fall
- Greece completes talks with lenders on next bailout tranche
- Greek 'haircut' under review, no new euro zone aid until November
- Slovakia demands Greek default plan
- Investors worry about American Airlines' future
- It started with 12 students in Wall Street... now demonstrations spread across America
- Activists throughout Canada set to show solidarity with Wall Street protesters
- Tesco feels economic squeeze worst UK sales result for 20 years
Monday - October 3, 2011:
- Greece to miss deficit target imposed by lenders
- Demand for food handouts rises by 20% as 'ordinary' people and families fall into poverty
- Doubts grow, but not Britain’s economy, amid coalition government’s tough austerity drive
- Denmark levies world's first fat tax
- State Dept. reeling from budget cuts
Sunday - October 2, 2011:
- FTSE has worst quarter since dotcom crash
- U.S. economic recovery tied to European debt crisis
- Analysis: Corn export dominance to bend, not break
Saturday - October 1, 2011:
- Berlin bailout fails to ease euro fears as Greek default seems unavoidable
- Wall Street ends worst quarter since 2008 meltdown
- World stocks post worst quarter in 3 years
- 23 million out of work in EU
- Russian stocks close in red on Friday on global uncertainties
- JPMorgan, BofA sued over mortgage debt losses
- Bank of America to charge debit card use fee
Archives --
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