debt crisis

US debt crisis: World Bank urges US policymakers to reach debt ceiling deal before deadline

World Bank’s President Jim Yong Kim has warned that the US is just "days away from a very dangerous moment"…

11 years ago

Cyprus banks to remain closed until March 26

Cyprus officials have announced the country's banks, which were closed to prevent mass withdrawals, will remain shut until at least…

12 years ago

Asian and European markets fall after Cyprus bailout deal

European markets follow Asian shares downward on fears that the plan to bailout Cyprus could trigger an escalation of the…

12 years ago

Angela Merkel warns Germans of tough economic times ahead in her New Year message

German Chancellor Angela Merkel has warned that her country’s economic climate in 2013 will be "even more difficult". In her…

12 years ago

South Korea cuts growth forecast for 2012 and 2013

South Korea has decided to cut its growth forecast for this year and for 2013, underlining the effect of a…

12 years ago

EU summit to focus on banking supervision and a stricter fiscal oversight

The European Union is due to begin a two-day summit in Brussels that will focus on issues surrounding the eurozone…

12 years ago

China’s growth rate slows to 7.4%

Chinese economy has slowed for a seventh quarter as problems in Europe and the US hurt demand for its goods.…

12 years ago

Latin America economies slow in 2012

Latin America will grow at a slower pace than 2011, primarily due to weaker growth in Argentina and Brazil, a…

12 years ago

Asian markets rise as US Federal Reserve unveils its latest stimulus plan

Asian markets have risen, following gains on Wall Street, after the US Federal Reserve unveiled its latest stimulus plan. The…

12 years ago

Asian stock markets rise after ECB announces new plans for eurozone

Asian stock markets have risen, joining a global rally, after European Central Bank’s president, Mario Draghi, unveiled a plan targeted…

12 years ago

Moody’s lowers its outlook for European Union to negative

Ratings agency Moody's has lowered its outlook for the European Union's AAA credit rating to "negative" and warned that the…

12 years ago

German government criticizes call for Greek eurozone exit

German government has criticized leading conservative politician Alexander Dobrindt for suggesting that Greece will have to leave the eurozone. Foreign…

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

EU seeks new strategy for euro at Brussels summit

EU leaders at Brussels summit are examining how to ease the eurozone debt crisis amid competing visions about how to…

12 years ago

European debt crisis cuts aid to poor countries

A new report by the aid watchdog Data shows that European debt crisis has led to cuts in government development…

12 years ago

Barack Obama says the US would support EU solutions to solve debt crisis

US President Barack Obama says European leaders must make difficult decisions to steer the eurozone away from crisis. Speaking at…

12 years ago

Investors set their eyes on Europe and stocks follow global markets lower

Signs of economic weakness around the globe and Europe's intensifying debt crisis are unnerving investors, who have been piling out…

12 years ago

Deutsche Bank reports fall in profits amid eurozone debt crisis

Deutsche Bank reports a sharp fall in profits, in part due to weaker performance in investment banking during the eurozone…

13 years ago