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News

  • 16 June 2011

    Carstens makes IMF case in China

    Carstens, who served as the IMF's number three from 2003-2006 before returning to Mexico City to become finance minister and then central bank chief, admitted earlier this week that beating Lagarde would be difficult.

  • 16 June 2011

    Stocks tumble on unrest over Greek crisis

    Global stock markets fell sharply Thursday amid fears that Greece's debt crisis is spiralling out of control and fresh worries over China's economy.

  • 15 June 2011

    Stocks shake off 2-week slump on retail sales news

    Stock market has its best day in June on steady retail sales; the Dow is back above 12,000.

  • 14 June 2011

    EU Commission readies voluntary debt swap plan - paper

    Olli Rehn, the European commissioner for economic and monetary affairs told Sueddeutsche Zeitung in an interview to be published on Tuesday that a solution for the Greek sovereign debt crisis was not as far off as some might think.

  • 14 June 2011

    Bank of Japan to mull boosting loans for growth

    The central bank will examine adding up to 1 trillion yen (8 billion pounds) to a 3-trillion-yen loan scheme aimed at encouraging banks to lend to industries with growth potential.

  • 14 June 2011

    Investors withdraw $3B from stock funds in May

    Bond funds and funds buying foreign stocks attracted net deposits, as investors became less confident about the U.S. stock market, amid signs that the economic recovery is weakening, the New York-based fund industry consultant said.

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