November 23, 2011
IMF broadens lending power
The International Monetary Fund approved a number of changes to streamline its emergency lending process and deal with the European debt crisis. The goal: allow the IMF to provide cash in tough times, especially to otherwise healthy countries…
November 23, 2011
Stocks slip on worries over growth and Europe
Stocks ended in the red Tuesday, amid worries about U.S. economic growth. But losses were trimmed after the International Monetary Fund unveiled an enhanced lending program to help countries struggling with short-term liquidity problems from…
November 23, 2011
Fed orders stress tests for America’s biggest banks
The Federal Reserve wants to know: could America's largest banks endure another shock like the one in 2008? After the markets closed on Tuesday, the central bank ordered the top 31 U.S. banks, with assets of $50 billion or more, to participate in…
November 22, 2011
US growth revised down for third quarter
The US economy grew at a slower pace than previously estimated in the three months to the…
November 22, 2011
Egyptian stock exchange suspended after 5% dip
Trading on Egypt's stock exchange was automatically suspended on Tuesday after the main EGX 100 index fell 5%. It followed a 4% fall on Monday, and came as Egypt's ruling military council began talks with protesters following violent clashes in…
November 21, 2011
Japan’s exports decline for first time in three months
Japan's exports have fallen for the first time in three months, reinforcing worries that the strong yen and global debt crisis are affecting the economy.
Shipments dropped 3.7% in October from a year earlier, said the Ministry of Finance.
November 21, 2011
Toyota resumes Japan output after Thai flood disruption
Toyota Motor said it had restored vehicle output in Japan to "near-normal levels" on Monday, after severe flooding in Thailand disrupted supply chains. Partial production at three Toyota factories in Thailand itself has also resumed. Last month…
November 21, 2011
Northern Rock: Osborne to reveal EU deal over 2013 sale
Northern Rock had to be sold by 2013 under a deal signed by the former Labour government, Chancellor George Osborne is to reveal on Monday. The bank, which was nationalised in 2008 following its near-collapse during the global credit crunch, was…
November 20, 2011
EU settles for 2% budget increase
The European Union has been forced to accept a 2% rise in its budget next year - much less than the increase it wanted of around 5%. Several EU governments, including the UK, had argued the demands by the European Parliament and Commission were…
November 20, 2011
ECB’s Draghi urges swift action on bailout fund
The new governor of the European Central Bank (ECB), Mario Draghi, has called for "urgent action" to implement the new eurozone bailout fund. His comments come as the Italian parliament gave its approval to the new government led by economist…