Economic Crisis
Daily News and Updates

Monday - April 30, 2012:

  1. Britain facing 'lost decade' of slow growth and high unemployment
  2. Government cuts slow economic recovery
  3. Tens of thousands protest health, education cuts across Spain

Sunday - April 29, 2012:

  1. One third of unemployed in the eurozone are Spanish as country's financial woes deepen
  2. Nokia suffers second cut to junk as S&P downgrades

Saturday - April 28, 2012:

  1. Spanish economy in huge crisis after credit downgrade
  2. Bank of Japan announces fresh stimulus to boost growth
  3. Romanian government falls
  4. Oil below $104 after S&P cuts Spain debt rating

Friday - April 27, 2012:

  1. Debt up, production down, recovery gone
  2. Euro zone woes keep banks wary after Q1 bounce
  3. How 9 Banks Are Exposed To $200 Trillion Worth Of Derivatives
  4. Greek central bank chief warns of euro exit
  5. Czech government faces vote of confidence after protests over austerity
  6. Foodbank handouts double as more families end up on the breadline
  7. HSBC to slash 2,000 British jobs as part of cost-cutting drive
  8. Official: Army may lay off 29,000 soldiers
  9. Police face deeper cuts after spending watchdog finds £500m 'black hole'

Thursday - April 26, 2012:

  1. UK sinks into double-dip recession
  2. NYT Fed to Stick With Existing Mea
  3. Plunge in durable goods orders clouds U.S. outlook
  4. Global food prices on the rise again: World Bank

Wednesday - April 25, 2012:

  1. European finances still in bad shape, statistics show
  2. Irish budget deficit over 13% of GDP
  3. Hungary pledges cuts to secure EU aid
  4. Ratings cut piles fresh agony on Nokia
  5. Senate to vote on array of Postal Service overhaul proposals

Tuesday - April 24, 2012:

  1. IMF doubles its funds, warns Europe
  2. Find another £16billion in cuts, ministers are ordered
  3. Aging workforce strains Social Security, Medicare
  4. 1 in 2 new graduates are jobless or underemployed
  5. China's Alibaba.com Q1 profit slumps 25 percent

Monday - April 23, 2012:

  1. Dutch Austerity Talks Fail as Geithner Prods Europe
  2. Europe pressed for action to end debt crisis
  3. German tempers boil over back-door euro rescues
  4. Tens of thousands of Czechs protest budget cuts

Sunday - April 22, 2012:

  1. Europe crisis creeps back into danger zone
  2. IMF presses Europe to contain debt crisis

Saturday - April 21, 2012:

  1. CHINA: Bankruptcy in building trade; State companies profits plummet by 13.6 percent less
  2. Spanish PM 'We have no money for health or education'
  3. Europe Central Banks May Be Forced to Print More Money
  4. Fears Rise That Economic Recovery May Falter in the Spring
  5. IMF Warns Russia Over 'Credit Bubble'

Friday - April 20, 2012:

  1. IMF eurozone at centre of coming storm
  2. IMF chief Christine Lagarde in last-ditch struggle to raise funds
  3. IMF says secures $320 billion in drive for new funds
  4. Italy follows Spain on missing deficit target
  5. Brussels expects thousands of small Greek businesses to close
  6. Spain to auction €2.5 billion of bonds
  7. How austerity measures may kill states - and the EU
  8. Hard-pressed families are spending more on filling the petrol tank than their weekly food shop

Thursday - April 19, 2012:

  1. European banks could trigger fresh credit crunch, warns IMF
  2. Rise in inflation and slow wage growth raise new fears over economic recovery
  3. Stocks fall, safe-havens rise on renewed Europe fears
  4. US barrels toward a fiscal cliff
  5. House panel okays $33 billion in food stamp cuts

Wednesday - April 18, 2012:

  1. US debt in Chinese hands up, foreign direct investment to China down
  2. Japan pledges €47.8 billion to IMF
  3. Fears grow Spain will need bail out as 10-year bond rate rises near critical 7%
  4. IMF: Global economic recovery fragile and risk of relapse high
  5. India cuts interest rates to boost economic growth
  6. U.S. factory decline suggests economy losing steam
  7. UK inflation pushed to 3.5% by food and clothing price rises
  8. Why Sears is on its last legs

Tuesday - April 17, 2012:

    Nothing to report on this morning.

Monday - April 16, 2012:

  1. Best Buy announces locations for store closings

Sunday - April 15, 2012:

  1. Chinese growth slows down to lowest pace in three years
  2. China trade data for March paints mixed growth picture
  3. China slowdown is bad news for Europe
  4. China gives currency more freedom with new reform
  5. News In Brief: Canada won't support bail-out fund for Europe
  6. Eurozone crisis focuses on Andalucía, home to sun, sand and soaring deficits
  7. Global trade expected to slow in 2012
  8. IMF funds drive caught in global power shift
  9. IMF chief Lagarde calls for U.S. mortgage relief
  10. Ocampo ends World Bank bid, backs Nigerian
  11. Sony sees record $6.4 billion loss on tax hit
  12. Health-care law will add $340 billion to deficit, new study finds

Tuesday - April 10, 2012:

  1. Analysis: Short on tools, central banks left with words
  2. Sony to ax 10,000 jobs in turnaround bid Nikkei
  3. Tougher tax credit rules and lack of full-time jobs create benefits trap

Monday - April 9, 2012:

  1. Earnings season begins with ominous signs for stocks
  2. High unemployment may dog the US for years

Sunday - April 8, 2012:

  1. Jobs recovery suffers setback in March

Saturday - April 7, 2012:

  1. IMF approves Portugal loan tranche
  2. Riots erupt in Greece after 'martyr' shoots himself over debt crisis
  3. Jobs recovery suffers setback in March

Friday - April 6, 2012:

  1. Americans brace for next foreclosure wave
  2. Asian stocks down fears for European debt, while oil rises
  3. Eurozone fears revive to drag down markets
  4. Greek pensioner shoots himself outside parliament
  5. World food prices rise further, raising fears of unrest

Thursday - April 5, 2012:

  1. Dow off 125 as Europe's debt crisis slams stocks
  2. IMF chief asks US for more money
  3. Geithner says U.S. far behind on housing finance reform
  4. Russia’s External Debt Rises 3.7% in Q1 to $565 Bln
  5. Draghi dismisses ECB exit talk as premature
  6. Yahoo to lay off 2,000 employees

Wednesday - April 4, 2012:

  1. Eurozone unemployment hits new record
  2. EU 'surprised' by Portugal's unemployment rate

Tuesday - April 3, 2012:

  1. EU hoping for IMF boost after firewall increase
  2. Sarkozy set to announce €115bn in cuts
  3. Euro zone unemployment reaches near 15-year high
  4. Insight: Bank stampede keeps Spanish real estate on the ropes

Monday - April 2, 2012:

  1. Spain Gallops Headlong Into Austerity As Riots And Strikes Mount
  2. Truckers vow to halt Britain's traffic
  3. Depths of foreclosure crisis difficult to measure
  4. Yahoo layoffs to begin next week: report

Sunday - April 1, 2012:

  1. Spain unveils €27bn in budget cuts

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