Sunday, 10 June 2012

Economics

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

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ECONOMICS NEWS

China's economic prospects mixed as exports rebound

A slew of official data over the weekend painted a mixed picture for China’s prospects.

10 Jun 2012

Week ahead: June 11-15

Tesco update, a possible WPP revolt and the Mansion House dinner.

10 Jun 2012

 | Comment

Bank of England to recruit more women

Catherine Brown, the Bank of England's executive director of human resources, said the central bank is to increase the number of women it employs in senior positions.

10 Jun 2012

 | 7 Comments

Debt crisis: Spain requests bailout to save banks

Spain is asking for an international bailout to rescue its debt-laden banking sector, amid reports the package could total £81bn.

09 Jun 2012

 | 1069 Comments

Obama demands action as leaders ponder Spanish bank rescue

US President Barack Obama has demanded that European leaders act “right now” as ministers in Brussels deliberate over whether to impose a bail-out on Spanish banks.

09 Jun 2012

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Debt crisis: as it happened June 8

Implementing austerity measures too quickly will send ailing eurozone economies into a "downward spiral," US President Barack Obama warned on Friday, adding that a European recession would harm the pace of the US recovery.

08 Jun 2012

 | 776 Comments

HSBC could be the real winner from M&S Bank

Does Marks & Spencer, a food and clothing retailer where profits fell 16pc last year, really need banking?

08 Jun 2012

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Obama demands action 'right now' over Spain

US President demands European leaders act 'right now', as ministers deliberate over bail-out on Spanish banks.

08 Jun 2012

 | 946 Comments

Obama: cutting too quickly will send economies into 'spiral'

Implementing austerity measures too quickly will send ailing eurozone economies into a "downward spiral," US President Barack Obama has warned, adding that a European recession would harm the pace of the US recovery.

08 Jun 2012

 | 17 Comments

Inflation slowdown hopes rise on PPI data

Falling prices at British factories offered households hope that wider inflation will slow in the UK – even as a survey showed they are braced for even steeper price rises.

08 Jun 2012

 | 6 Comments

German debt crisis fears as exports fall

German exports fell for the first time this year amid signs that the advancing debt crisis is hitting Europe's powerhouse economy.

08 Jun 2012

 | 11 Comments

Debt crisis: Spain 'to request aid for banks this weekend'

Spain is expected to make a request over the weekend for a financial package to prop up its troubled banks, according to reports.

08 Jun 2012

 | 18 Comments

Poor European economic data rattle markets

A raft of disappointing economic data from several eurozone nations has added to fears about the financial health of the EMU.

08 Jun 2012

 | Comment

Spain's economic crisis: a timeline

In 2008, a long period of expansion in Spain came to an end. A lengthy property bubble burst, the public account surplus became a deficit, and growth contracted 0.9pc.

08 Jun 2012

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Risk models must be torn up, says Haldane

Financial risk models that underpin market behaviour, economic theory and bank regulation dangerously underestimate the threat to taxpayers and must be completely redrawn to prevent a repeat of the financial crisis.

08 Jun 2012

 | 71 Comments

Bank of France cuts Q2 growth

The Bank of France cut its growth estimate for French growth, saying the eurozone's second biggest economy would now likely contract by 0.1pc in the second quarter.

08 Jun 2012

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Japanese growth revised upwards

Japan's economy grew faster than first thought between January and March, official data has showed, but analysts warned of a slowdown caused by a strong yen, Europe's debt woes and weakness in China.

08 Jun 2012

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TSC urges Lords to reform Finance Bill

The Treasury Select Committee has taken the drastic step of publishing a special report into the Government’s “defective” banking reforms to help the House of Lords hold the authorities to account.

08 Jun 2012

 | 7 Comments

Johnson Matthey – a UK success story helped by a reduced tax rate

Johnson Matthey supplies the most bitter substance known to man - no, not the bile of Gordon Brown but a compound called Bitrex.

07 Jun 2012

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Spain too big for EU rescue fund as China recoils

As Spain edges closer to a full sovereign rescue, economists have begun to doubt whether the EU bail-out machinery can raise such large sums funds at viable cost on global capital markets.

07 Jun 2012

 | 400 Comments

Debt crisis: as it happened June 7

Spain moves closer to the credit junk pile as Fitch slashes the country's rating by three notches and warns the likely cost of restructuring and recapitalising the Spanish banking sector could reach €100bn.

07 Jun 2012

 | 615 Comments

European leaders 'lack credible vision' for euro

A serious mishandling of the debt crisis by European leaders led Fitch to axe Spain’s credit rating by three notches and issue a warnings on the stability of country’s banks, debt levels and economy.

07 Jun 2012

 | 148 Comments

China cuts interest rates to counter slowing growth

China surprised markets by cutting interest rates as it battles a slowing economy and fears that the eurozone crisis will weigh heavily on a global recovery.

07 Jun 2012

 | 2 Comments

Bernanke: Fed ready to act if crisis intensifies

The US central bank is prepared to take action if the “significant risks” posed by the eurozone crisis threaten the country’s recovery, Federal Reserve chairman Ben Bernanke said.

07 Jun 2012

 | 24 Comments

Debt crisis webchat: put questions to Ambrose Evans-Pritchard

Would Greece be better off outside the eurozone? Can Europe walk the fine line between austerity and growth? What will Germany’s role be in all this? Put your questions to Ambrose Evans-Pritchard in a special debt crisis webchat.

07 Jun 2012