OECD revises eurozone growth outlook as Europe poses threat to global economy

OECD revises eurozone growth outlook as Europe poses threat to global economy

By Anna Domanska - May 29, 2013

The OECD, in its newest report, did not present a colorful picture of the eurozone as it cut growth outlook for the 17-s...

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Euro Faces Pressure from One-Week Low against Dollar

Euro Faces Pressure from One-Week Low against Dollar

By Jay Raol - Sep 26, 2012

The yen managed to rise higher, even as the euro stayed in the same low spot since last week against the dollar, as witn...

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EX-ECB Associate Orphanides indicates Disintegration of Euro without Bank Union

EX-ECB Associate Orphanides indicates Disintegration of Euro without Bank Union

By Aubrey Chang - Sep 24, 2012

According to the former policy maker for the European Central Bank, Athanasios Orphanides, the disintegration of the eur...

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Onset of Fed QE3 Sees Subdued Stocks, Slide in Dollar Value

Onset of Fed QE3 Sees Subdued Stocks, Slide in Dollar Value

By Carrie Ann - Sep 14, 2012

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...

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Spain to Analyse Conditions Laid Down by ECB

Spain to Analyse Conditions Laid Down by ECB

By Richard Meryn - Sep 08, 2012

Mariano Rajoy claimed on Thursday that he had not entered any kind of discussions with Angela Merkel regarding the fact ...

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ECB Policy Criticised by German Central Bank Chief Weidmann

ECB Policy Criticised by German Central Bank Chief Weidmann

By Carrie Ann - Aug 10, 2012

Jens Weidmann, the chief of the German Central Bank is presently engaged in a progressively intense and high stakes figh...

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European Central Bank’s 120 Billion Euro Subsidy Enhances Bank Profit

European Central Bank’s 120 Billion Euro Subsidy Enhances Bank Profit

By Dhwani Shah - Feb 13, 2012

  The European Central bank subsidy that could reach as high upto 120 Billion Euros has benefited many banks. The E...

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Asian Stocks Sink As Ratings Agencies Warn On Low Euro Credits

Asian Stocks Sink As Ratings Agencies Warn On Low Euro Credits

By Dhwani Shah - Dec 13, 2011

The European Union summit failed, in its last chance, to convince global markets on the euro crisis. Exultation of the m...

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Eurozone Crisis: Has it Been Averted?

Eurozone Crisis: Has it Been Averted?

By Carrie Ann - Dec 10, 2011

The European Union came to deal Thursday night; hopefully one that will prevent a European and a global financial meltdo...

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