Sunday, 5 September 2010

No defence left against double-dip, says Roubini

The US, Japan and large parts of Europe have exhausted their policy arsenal, leaving them defenceless against a double-dip recession.

05 Sep 2010

Brussels plans 'treasury' for EU


Brussels is to push for the creation of a form of "treasury" for the

European Union with powers to issue bonds and reinforce fiscal

integration.


04 Sep 2010

Western countries need trade liberalisation more than the East

After an awful August, global markets ended the month with a muted cheer. Investors greeted upbeat surveys of manufacturing output in both America and China – the world's two biggest economies – as a sign recovery is happening and we can avoid a "double dip".

04 Sep 2010

Bank of England must realise its too early for a QE2 trip, with or without the bikini

Aaron Levenstein knew how to sex up a dull subject. "Statistics are like a bikini," the late prof at New York's Baruch College once observed. "What they reveal is suggestive, but what they conceal is vital."

04 Sep 2010

EU austerity policies risk civil war in Greece, warns Dr Sinn


Greece’s austerity measures cannot prevent default and could lead to a breakdown of the

political order, says top German economist.


03 Sep 2010

Global markets rise despite mixed signals in US and UK

Markets ended the week sharply higher after better-than-expected US jobs data offset a disappointing report on the state of the UK's key services sector.

03 Sep 2010

Barack Obama is locked in a lose-lose situation


The president seems incapable of tackling either unemployment or the deficit,


says Jeremy Warner.

03 Sep 2010




China fears depreciation of $2.45 trillion reserves


China offered a rare insight into its foreign exchange reserves with confirmation that the

vast majority are held in dollars.


03 Sep 2010

Surprise rise in US jobs lifts anxious markets

US employers hired more workers than expected last month, in a rare bright spot of good news that boosted stock markets in the US and Europe.

03 Sep 2010

UK services growth slowest for 16 months as hiring falls

Service sector activity grows at slowest pace since last April, with a sharp fall in hiring as employers worry about a slowdown and spending cuts.

03 Sep 2010

Dixons boss dampens 'double dip' theory

John Browett, the chief executive of electricals retailer DSG, poured cold water on the likelihood of a double-dip recession but warned that consumer demand remains subdued.

03 Sep 2010

Bernanke predicts more big bank break-ups

New financial regulation is likely to prompt the biggest US banks to break themselves up, says Fed chairman.

02 Sep 2010

US companies find it tougher to squeeze more from staff

American companies are finding it harder to squeeze more work out of their staff because the downturn has already forced them to trim employee numbers.

02 Sep 2010