Advertisement

Advertisement

Advertisement

Advertisement

 

Subscribe to our City News News Feed Subscribe to the RSS Feed

US growth downgraded as default threat nears

29/07/2011

The United States’ real GDP growth rate has been revised down yet again, achieving a mean annual rate of 1.3%- well below private sector estimates of 1.8%


 

Banking remains ‘structurally flawed’, says Cable

27/07/2011

“Banking is a structurally flawed industry that has failed its customers, its investors and the taxpayers who stand behind it.”


 

IMF Chief: US and Eurozone debt greatest threats to global economy

26/07/2011

“Sovereign debt, growth, and social instability” are the three major challenges facing the global economy today.


 

GDP figure spells judgement day for Osborne

25/07/2011

Discussing the UK’s economic performance, and the tomorrow’s likely verdict, is Jeremy Cook, chief economist at World First currency exchange


 

Bank of Ireland to sell €1.1bn in shares

25/07/2011

A group in investors have announced their intentions to buy €1.123 bn in Bank of Ireland shares from the state.


 

Greece downgraded as default looms

25/07/2011

Greece has again had its credit rating cut to Caa1 from Ca by New York ratings giant, Moody’s.


 

Public sector debt increase 'disappointing'

22/07/2011

Public sector net borrowing decreased marginally for the year ending June, though net debt rose yet again to reach £944.3 billion, or 62% of the UK’s GDP


 

Greece bailout restores EU market confidence

22/07/2011

A €109 billion rescue package has been agreed for Greece. The deal also ensures that other countries to receive bailouts will now face more favourable conditions of their existing debts


 

Union anger over £14bn bonuses for bankers

20/07/2011

Bonuses paid out in the financial sector have again hit £14bn for the 2010-11 fiscal year, renewing fears of a return to pre-recession practices in the UK’s bloated financial sector


 

Japan earthquake reconstruction threatens fiscal stability

20/07/2011

Reconstruction efforts in Japan are resulting in spiralling public debt, threatening the country’s position as a major economic player in the region