Sunday 21 December 2014
 
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Euro crisis

Worst 'over in euro zone debt crisis'

The worst of the euro zone sovereign debt crisis is over, German Finance Minister Wolfgang Schaeuble said. He said governments in heavily indebted countries such as Greece have recognised that the crisis that began in Athens three

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G20 leaders to meet in shadow of EU crisis

When world's most powerful leaders meet in Mexico next week, there will be no repeat of global unity that helped quell outbreak of the financial crisis. Instead, new tensions over deepening euro zone crisis will rear its head at the

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Oil recovers on China growth stimulus hopes

Oil prices recovered on Monday, with US crude up 0.5 per cent to hit $91.91 a barrel, after falling more than one per cent on Friday mainly on hopes that China could take new steps to stimulate growth and lift fuel demand at the world's second

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Italy's debt soars to 120pc of GDP

Italy's debt rose last year to 120.1 per cent of output but the annual deficit fell to 3.9pc, as the economy entered recession, official data showed. Public debt was previously at 118.7pc of gross domestic product in 2010, the Istat data a

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Euro crisis 'to lure ME hotel investors'

Opportunities for Middle East investors in core Western European markets will come into focus at the annual Arabian Hotel Investment Conference 2012 (AHIC) to be held in Dubai from April 28 to 30. The conference, which runs at Madinat Jume

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Euro crisis hits JP Morgan profit

The drag of the European debt crisis on trading and corporate deal-making pulled down JPMorgan Chase's profit, sending bank stocks tumbling yesterday, but the largest US bank by assets said the domestic economy was strengthening. Chief

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Oman stress-tests banks for euro crisis impact

Oman has started implementing stress tests in its banking sector to limit the impact of the euro zone crisis and a feared global recession, a senior central bank official said on Sunday. "Some banks are already doing their stress scenarios

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Gold edges down as investors fret over Europe

Gold inched lower on Thursday, along with equities, as concerns set in about whether European leaders would be able to come up with a concrete plan to contain the region's crippling debt crisis at a crucial summit on Friday.   &

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Gold weakens after S&P downgrade warning

US gold fell 1 percent on Tuesday, tracking spot prices lower on fears of a possible mass credit rating downgrade for euro zone nations by Standard & Poor's. The ratings agency announced the warning just as the leaders of France and Ge

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Global house prices hit as crisis bites

The Knight Frank Global House Price Index, which tracks the performance of the world's mainstream housing markets, showed zero growth in the three months to September amid mounting pressures on global economy . This was the index's we

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