OECD revises eurozone growth outlook as Europe poses threat to global economy
The OECD, in its newest report, did not present a colorful picture of the eurozone as it cut growth outlook for the 17-s...
Euro Faces Pressure from One-Week Low against Dollar
The yen managed to rise higher, even as the euro stayed in the same low spot since last week against the dollar, as witn...
EX-ECB Associate Orphanides indicates Disintegration of Euro without Bank Union
According to the former policy maker for the European Central Bank, Athanasios Orphanides, the disintegration of the eur...
Onset of Fed QE3 Sees Subdued Stocks, Slide in Dollar Value
The slide in US dollar value reached its crux as the US dollar hit its lowest level since the early half of May while ma...
Spain to Analyse Conditions Laid Down by ECB
Mariano Rajoy claimed on Thursday that he had not entered any kind of discussions with Angela Merkel regarding the fact ...
ECB Policy Criticised by German Central Bank Chief Weidmann
Jens Weidmann, the chief of the German Central Bank is presently engaged in a progressively intense and high stakes figh...
European Central Bank’s 120 Billion Euro Subsidy Enhances Bank Profit
The European Central bank subsidy that could reach as high upto 120 Billion Euros has benefited many banks. The E...
Asian Stocks Sink As Ratings Agencies Warn On Low Euro Credits
The European Union summit failed, in its last chance, to convince global markets on the euro crisis. Exultation of the m...
Eurozone Crisis: Has it Been Averted?
The European Union came to deal Thursday night; hopefully one that will prevent a European and a global financial meltdo...
