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EU, IMF agree new Greek bailout requestEuropean Union (EU) and IMF officials have given euro zone governments a positive assessment of Greece's request for a new bailout, a source close to the matter said, making it likely they will agree on Saturday to open talks on lending Athe More… |
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Qatar to invest $1.34bn in smaller Greek firmsQatar has pledged to invest up to 1 billion euros ($1.34 billion) in Greek companies, money which could help Greece recover from its debt crisis. The agreem More… |
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Alarm over US fiscal cliff, Europe's debtFinance chiefs of the world's 20 leading economies are ringing alarm bells over the US fiscal cliff and Europe's debt woes at a meeting in Mexico this weekend as they look to push back deficit reduction targets to help More… |
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ECB to launch new bond-buying programmeThe European Central Bank has agreed to launch a new and potentially unlimited bond-buying programme to lower struggling euro zone countries' borrowing costs and draw a line under the debt crisis. Seeking to back up his July pledge More… |
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Tunisia eyes 4.5pc GDP growth in 2013Tunisia aims to achieve 4.5 per cent economic growth in 2013 from 3.5 per cent expected this year, official media has reported, as the North African country grapples with the effects of last year's revolt and Europe's debt crisis. More… |
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Euro zone unemployment hits new highJoblessness in the euro zone rose to a new record high in May, pushed up by lay-offs in France, Spain and even stable Austria, as the 2-1/2 year debt crisis continued to eat away at the currency bloc's fragile economy. Around 17.56 million More… |
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Brent oil slips as Europe worries mountBrent crude oil fell more than $1 a barrel on Wednesday, pressured by concerns about the lack of progress on a plan to tackle Europe's debt crisis. Brent was down $1.08 at $91.94 per barrel. US crude was down 56 cents at $78.80. Lo More… |
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Greek poll begins; fate of euro in balanceVoting opened on Sunday in a Greek election that could decide whether the heavily indebted country remains in the euro zone or heads for the exit, potentially unleashing shocks that could break up the single currency. In an election fought More… |
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Brent near $98 after Opec keeps target steadyBrent futures rose towards $98 on Friday, extending gains after producer group Opec agreed to keep its output target unchanged for the second half of the year, although uncertainty surrounding Europe's debt crisis capped further advances. More… |
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Oil plunges on EU debt crisis impactCrude oil futures fell below $98 a barrel on Tuesday, extending losses due to fears that the euro zone debt crisis will worsen and hurt the global economy, threatening growth in oil demand. Optimism over a bailout for Spain's troubled More… |
