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Grexit ‘would have been a short-term catastrophe’Greece’s exit (‘Grexit’) from the eurozone would have been a catastrophe for the country with no preparation on how to function with an alternative currency, no financial connections to the outside world, and no administrative More… |
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Oil edges up on optimism over Greek accordOil prices edged up after early falls on Monday as parts of Asia returned from the Lunar New Year holiday, with Brent futures moving further away from $60 a barrel and US contracts moving towards $51. After early trading losses, b More… |
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Greece, euro zone agree 4-month loan extensionEuro zone finance ministers agreed in principle on Friday to extend Greece's financial rescue by four months, averting a potential cash crunch in March that could have forced the country out of the currency area. The deal, to More… |
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Global factory growth accelerates in NovIncreasing demand for manufactured goods drove global factory activity higher last month but the spurt in the euro zone masked a widening disparity among some of the bloc's key members. As year-end approaches, the global econo More… |
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Global premium air travel edges up 1.2pc in FebThe number of passengers traveling in premium seats on international markets was just 1.2 per cent higher in February compared to a year ago, down on the January result of 3.3 per cent, a report said. Economy class passenger numbers wer More… |
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Low growth seen for global markets in 2012An anemic recovery in the US, a technical recession in the UK, a struggling Europe, a suffering Japan and a sluggish performance in emerging markets count among the global markets outlook for 2013, said an expert. The issues facin More… |
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Optimism over economy highest in MideastChief financial officers (CFOs) in the Middle East reported the highest level of optimism during the second quarter of 2012, compared to 11 other geographies surveyed, a report said. Entitled ‘Retrenching Again,’ the Deloitt More… |
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Eurozone economies 'set for recovery'The euro zone crisis will be resolved and will not break apart and no countries will leave the zone, according to a top official of Swiss Bank Sarasin Alpen. 'The euro zone economy will stall but stock markets should recover in 2012 as More… |
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Oil, gold fall as eurozone crisis persistsCrude oil, gold, copper and grains fell in Asian trading on Thursday as worries over approval for the eurozone's expanded rescue fund and Greece's ability to qualify for its next aid package prompted a flight to safe-haven dollar holdings. More… |
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Airbus wary of recession risk, Asia seen as bufferAirbus, a unit of aerospace group EADS, eyes challenges stemming from a possible global recession brought on by the eurozone debt crisis but Asia, notably China, will provide a buffer for growth, its chief operating officer said on Thursday. More… |
