Finance

Germany at risk to lose its AAA credit rating

Moody's has warned the outlook for Germany's AAA credit rating is negative, the first step towards a possible downgrade. Credit…

12 years ago

Greece: troika to audit country’s progress on debt reduction

Representatives from the troika of international lenders arrive in Greece on Tuesday to assess its progress towards reducing its huge…

12 years ago

Spain rattles markets as Valencia is seeking for funding help

Fears that other Spanish regions may follow Valencia in seeking a bailout from Madrid have rattled markets. A local newspaper…

12 years ago

Global super-rich elite hiding at least $21 trillion in secret tax havens

A major study has found that global super-rich elite had at least $21 trillion hidden in secret tax havens by…

12 years ago

Spain’s borrowing costs increased with 3 billion Euros

Debt-laden Spain has raised 2.98 billion Euros on the financial markets, but was forced to pay higher interest rates. The…

12 years ago

HSBC allowed drug money laundering, says US Senate report

A US Senate probe has disclosed how lax controls at HSBC, Europe's largest bank, left it vulnerable to being used…

12 years ago

Credit card companies and major US Banks agree to a $7.25 bn settlement over card fees

Credit card companies Visa and Mastercard and major US banks have agreed to a $7.25 billion settlement to retailers over…

12 years ago

JPMorgan Chase doubles its trading loss to $4.4 billion

JPMorgan Chase has raised its estimate of the value of its recent losses from trading in complex financial derivatives to…

12 years ago

China’s growth rate slows to 7.6% in the second quarter

China's economy has grown at its slowest pace in three years as investment slowed and demand fell in key markets…

12 years ago

Spain to get 30 billion Euros to help its troubled banks

Eurozone finance ministers have decided to lend Spain 30 billion Euros ($37 billion) this month to help its troubled banks.…

12 years ago