Sunday, 26 June 2011

Economics

The latest news, analysis and comment on the UK and global economy.

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ECONOMICS NEWS

Australia, Canada back Agustin Carstens to head IMF

Australia and Canada have thrown their weight behind Agustin Carstens bid to become the next managing director of the International Monetary Fund, making the battle for the top job more balanced between developed and emerging nations.

26 Jun 2011

O'Neill warns eurozone 'be bold or risk trouble'

Goldman's Jim O'Neill urges eurozone leaders to be bold and offer yield-hungry Asian investors a true euro bond and relax debt to GDP restrictions or risk serious trouble for the grand project of Europe.

25 Jun 2011

Profligate Britain risks suffering its own Greek tragedy

Mervyn King delivered some harsh truths on Friday. The Bank of England governor warned that stop-gap measures to extend yet more loans to Greece wouldn’t solve the eurozone debt crisis.

25 Jun 2011

China pledges euro debt bailout

The Chinese premier, Wen Jiabao, has thrown the eurozone a vital lifeline and pledged to buy billions of euros of European debt to keep the single currency project alive.

25 Jun 2011

Where Greece goes now, we will soon follow

Last week, the deficit on our Government's annual spending widened yet again, to £143 billion. We cannot avoid a reckoning for ever, warns Christopher Booker.

25 Jun 2011

Greek debt crisis triggers record exodus from bond funds

The Greek debt crisis pushed the euro and stock markets lower this week as investors pulled money from anything seen vulnerable to a potential default, with high-yield bond funds suffering a record exodus.

25 Jun 2011

Chinese premier Wen Jiabao visits Britain

Chinese premier Wen Jiabao arrives in Britain today for a three-day visit intended to boost commercial, economic and political links between the countries.

25 Jun 2011

A Greek tragedy long in the making

Christopher Humphrys explains how a bloated public sector is to blame for Greece's financial Armageddon.

24 Jun 2011

Who is Mario Draghi?

EU leaders have appointed Italy's Mario Draghi as the next president of the European Central Bank. Here, we look at the life and career of the respected economist and banker.

24 Jun 2011

Can 'Super' Mario Draghi save the euro?

Europe's leaders are hoping the man dubbed "Super Mario" can match the abilities of his Nintendo namesake after he landed the European Central Bank's top job.

24 Jun 2011

Euro crisis most serious threat to UK, says Bank of England chief

The debt crisis enveloping the eurozone is "the most serious and immediate" threat to the British economy, according to the first report from the UK's Financial Policy Committee.

24 Jun 2011

US manufacturing offers hope amid slowdown

America's manufacturing sector delivered signs on Friday that it may be rebounding from a recent slowdown that has been marked across the economy.

24 Jun 2011

EU and China: trade flows and tensions

Chinese Premier Wen Jiabao is visiting Hungary, Britain and Germany from June 24 to 28, with Europe's debt crisis on his mind. Here is an overview of EU-China relations and the major issues of concern.

24 Jun 2011

China's economy: in graphs

Chinese Premier Wen Jiabao has started a three-country tour of Europe. Here, we look at how the Chinese economy performed before, during and after the global recession.

24 Jun 2011

Chinese Premier starts tour of crisis-hit Europe

Chinese Premier Wen Jiabao has started a three-country tour of Europe, mired in currency and sovereign debt woes while Beijing's European investments continue to grow.

24 Jun 2011

Fear is turning to anger, but the EU bureaucrats will still screw us

As an outsider, Britain has little chance to alter this crisis which now threatens political order, writes Charles Moore.

24 Jun 2011

Financial Policy Committee: the key quotes

The Bank of England's new Financial Policy Committee (FPC) published its first report on Friday. Here's what some of its members had to say about the findings.

24 Jun 2011

What is the Financial Policy Committee?

The Financial Policy Committee said in its inaugural report on Friday that the eurozone debt crisis posed the biggest threat to the UK's financial stability. We outline the job of the FPC and its powers.

24 Jun 2011

Cameron welcomes 'assurances' from EU over Greece bail-out

British taxpayers will not have to contribute to a European Union bailout package for Greece, David Cameron has said.

24 Jun 2011

Eurozone crisis poses 'immediate threat' to UK stability

Exposure could lead to a "crisis of confidence", Mervyn King warns as Financial Policy Committee publishes its inaugural report.

24 Jun 2011

Eurozone growth slows

Business Bullet: oil and Greece. Bloomsbury and the week ahead.

24 Jun 2011

Global markets bounce back after Thursday spook

The global market see-saw continued on Friday as UK and Asian shares bounced back after reassurances from both the Greek prime minister on radical reforms and Chinese Premier Wen Jiabao on inflation concerns.

24 Jun 2011

David Cameron wins battle to keep Britain out of Greece bail-out

Markets bounce after news that a second financial rescue package agreed during talks in Brussels will not involve any commitment from non-eurozone countries.

24 Jun 2011

DWP needs 'robust' plan to hit £19.6bn target

The National Audit Office has warned that unless the Department for Work and Pensions makes "rapid progress" in reorganising the way it runs it will fail to meet its cost-cutting targets by 2014-15.

24 Jun 2011

Greek debt holders 'face 70pc haircut'

Private investors will need to accept losses of as much as 70pc on their holdings of Greek sovereign debt to put the stricken country back on a sustainable path, according to economists.

24 Jun 2011