The “twin pillars” of the world economy continue to totter. Global investors, politicians and the financially-literate general public are wringing their hands about two previously “unthinkable” disasters – the US Congress “closing down” the government of the world’s largest economy and the break-up of the eurozone. 16 Jul 2011 Italy claims to have finally got a grip on it's economic woes. But as Nick Squires in Rome and Harriet Alexander in Naples find out, the Italian people are not convinced that the government can solve the crisis. 16 Jul 2011 Markets around the world could crash by more than a third if Europe fails to resolve its debt crisis, Deutsche Bank analysts have warned. 16 Jul 2011 America risks eviction from the club of the most creditworthy nations even if Congress agrees to raise the debt ceiling, rating agency Standard & Poor's (S&P) has warned. 15 Jul 2011 President Barack Obama Friday said the US was 'running out of time' to reach a deal on raising the country's debt ceiling to avert a possible early August default. 15 Jul 2011 US consumer prices fell last month for the first time in a year because of a steep drop in gas costs. But Americans paid more for cars, clothes and hotel stays, driving prices outside of volatile food and energy costs up. 15 Jul 2011 The US Treasury is thundering that a failure to raise the debt limit puts the nation on course to “default on its legal obligations – an unprecedented event in American history”. Alarming indeed, but not quite correct. 15 Jul 2011 Business Bullet: BHP Billiton, Euro banks, US Debt, house prices 15 Jul 2011 S&P has followed Moody's in warning that it might lower the US's credit rating if a deal to raise its debt ceiling is not reached. Here's a closer look at the important numbers that make the world's biggest economy tick. 15 Jul 2011 All the latest and must-have information around the key business and economic issues of the day. 15 Jul 2011 Standard & Poor's has become the second ratings agency to warn it could cut the United States' prized AAA credit rating if a deal on raising the government's debt ceiling is not agreed soon. 15 Jul 2011 The Bank of England made £9.8bn last year on its £200bn "money printing" programme of quantitative easing to prop up the battered UK economy. 15 Jul 2011 Pressure on the US to agree a deal to raise its $14.3 trillion (£8.6 trillion) debt ceiling has intensified, with Fed chairman Ben Bernanke warning that failure to reach an agreement would be a “self-inflicted wound”. 14 Jul 2011 Britain's key proposal for banking reform still misses the 'overriding question' of how to cope with financial failures. 14 Jul 2011 The International Monetary Fund (IMF) has joined the attack on credit-rating agencies for cutting Ireland to "junk" status this week. 14 Jul 2011 Warning from Fed chairman Ben Bernanke comes as Portugal announces it will not begin an economic recovery until at least 2013. 14 Jul 2011 Italy's Senate has approved a crucial austerity package and got a key bond auction away as it moved to persuade investors that the debt-laden country will not become the next victim of the eurozone crisis. 14 Jul 2011 With all eyes on Italy, the personality clash between Silvio Berlusconi and his finance minister Giulio Tremonti could yet prove a problem for the country's efforts to keep markets calm about its prospects. 14 Jul 2011 Italy's must cut its fiscal deficit by around €43bn to achieve a balanced budget in 2014. Here are some of the key measures of its austerity plan. 14 Jul 2011 All the latest and must-have information around the key business and economic issues of the day. 14 Jul 2011 It would be no surprise if governments and central bankers sometimes get nostalgic about the terrifying final months of 2008. 14 Jul 2011 Monetary experts are increasingly disturbed by the pace of money supply contraction in Italy and most recently France, fearing that it could prove a leading edge of a sharp economic slowdown over the winter. 14 Jul 2011 David Cameron has suggested he is prepared to challenge European procurement rules to ensure that British companies have a better chance of winning local contracts in the wake of the Bombardier fiasco. 14 Jul 2011Economics
The latest news, analysis and comment on the UK and global economy.
ECONOMICS NEWS
We should have listened to Zhu Min years ago – don’t ignore him now
Rome accused of fiddling while Italian economy burns
Euro crisis could cause global markets to crash
US risks AAA rating even with debt deal
Barack Obama: 'The US is running out of time'
US consumer prices fall for first time in a year
The last time the US defaulted (and blamed the printer)
House sellers reducing asking prices
US economy: in graphs
City Desk Morning Briefing - Friday
S&P joins Moody's to warn of US downgrade
Quantitative easing makes Bank of England £10bn
Bernanke warns Congress on debt default
Volcker: Vickers has 'missed' big bank problem
IMF attacks rating agencies over Irish downgrade
Eurozone crisis 'poses threat to US'
Italy pays high price in debt sale
Berlusconi v. Tremonti - the clash
What's in Italy's austerity package?
City Desk Morning Briefing - Thursday
Why Washington must be feeling nostalgic about the recession
Italy money supply plunge flashes red signals
Cameron to look at EU procurement rules
Sunday, 17 July 2011
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