Ecomomic Crisis
Daily News and Updates

Wednesday - February 29, 2012:

  1. ECB edict leaves Greek banks reliant on emergency aid
  2. German parliament back Merkel's £108bn Greek bailout
  3. Factory, confidence data cloud view on recovery
  4. Four million households face council tax rise - UK
  5. US home prices at lowest since crisis began

Tuesday - February 28, 2012:

  1. Greece still at risk of default, says Moody's

Monday - February 27, 2012:

  1. Analysis: Oil price rise raises specter of global recession
  2. Berlin demands 'foreign legion' of tax inspectors to descend on Athens
  3. G20 to Europe show us the money
  4. German minister tells Greece to exit eurozone
  5. Greece sets bank recap via common shares with restrictions

Sunday - February 26, 2012:

  1. Economic doomsday predictions gathering strength
  2. Greek bail-out threatened by Germany-IMF stand-off

Saturday - February 25, 2012:

  1. Bank of America Breaks With Fannie Mae
  2. Dish Network closing 500 Blockbuster stores
  3. Lloyds plunges to £3.5bn loss for 2011
  4. Procter & Gamble to cut 5,700 jobs in restructuring
  5. U_S_ Postal Service to Cut 35,000 Jobs as Plants Are Shut
  6. UK GDP growth for 2011 revised down to 0.8%

Friday - February 24, 2012:

  1. Euro zone economy set to shrink in 2012, deficits in focus
  2. Euro zone headed for recession, report says
  3. In Europe, spending cuts fail to ease debt burdens
  4. RBS banks posts losses of £2bn but 'casino bankers' still enjoy £390m bonus pot

Thursday - February 23, 2012:

  1. Fitch downgrades Greece on debt swap plan
  2. Germany still against boosting eurozone firewall
  3. Euro zone crisis reduces Chinese exports

Wednesday - February 22, 2012:

  1. Exclusive China, India plan Iran oil cuts of 10 percent or more
  2. Russia’s Poverty Rate Rises to 12.8% in 2011
  3. Wal-Mart holiday price cuts hit profits

Tuesday - February 21, 2012:

  1. UK and 11 other EU states write joint growth plan
  2. Lloyds and RBS expected to report losses of £4bn last year
  3. Corporation tax refund delays are creating 'enormous problems' for companies
  4. Evacuation warning to Britons in Greece

Monday - February 20, 2012:

  1. Germany drawing up plans for Greece to leave the euro
  2. 50-Cent Stamp, Other Postal Changes Coming

Sunday - February 19, 2012:

  1. Markets back Greek bailout hopes but German schism could still derail deal

Saturday - February 18, 2012:

  1. Foreclosure abuse rampant across U.S., experts say
  2. Oil price surge could dampen global recovery

Friday - February 17, 2012:

  1. EU to ban Iran banks from using Swift
  2. Eurozone GDP down
  3. Greek bail-out may be split to maintain pressure
  4. Moody's may downgrade UBS and Morgan Stanley
  5. Russia's GDP Growth to Fall to 3.5% - S&P
  6. California audit finds broad irregularities in foreclosures

Thursday - February 16, 2012:

  1. Wen says China ready to help Europe
  2. Thousands of workers being forced to delay retirement because they cannot afford to leave jobs

Wednesday - February 15, 2012:

  1. Britain 'at risk of losing its gold-plated AAA credit rating'
  2. Moody's warns it may cut AAA-rating for UK and France
  3. EU report: 12 countries at risk of new economic crises
  4. Moody's cuts Italy and Spain, warns France and UK
  5. Ancient buildings burn in Athens as protests continue
  6. Iran presses ahead with dollar attack
  7. It's time to sell
  8. New defense cuts threaten bases, shipyards

Tuesday - February 14, 2012:

  1. China won't 'buy' Europe
  2. Greece still to convince Europe over rescue deal
  3. Greece to Complete Private Creditor Bond Swap in March
  4. S&P's Moritz Kraemer: Europe's AAA-rated Mr Scissorhands

Monday - February 13, 2012:

  1. Riots spread as Greek lawmakers OK debt bill

Sunday - February 12, 2012:

  1. Greece crisis reaches boiling point as Athens asks if it can stay in the euro
  2. Greece's rebel MPs told to accept bailout terms

Saturday - February 11, 2012:

  1. The insiders are selling heavily
  2. Greece reels after leaders agree to harsh spending cuts
  3. Greek austerity package fails to impress EU
  4. PepsiCo announces 8,700 job cuts as net income rises
  5. Barclays caps bonuses at £65,000 but investors say it's 'business as usual'
  6. Unions call on UK high street giants to halt unpaid work schemes

Friday - February 10, 2012:

  1. Bank of England holds base rate at historic low of 0.5% as it prepares for new £50bn quantitative easing plan
  2. Pushed by food prices, China’s inflation accelerates
  3. U.S. banks agree to $25 billion in homeowner help
  4. Breakthrough deal on new rules for derivatives trading

Thursday - February 9, 2012:

  1. Tens of thousands of EU firms going bust
  2. Russia's GDP Growth to Fall to 3% - HSBC
  3. Nokia to cut 4,000 jobs, move manufacturing to Asia
  4. Elderly 'left in crisis' by town hall cutbacks as social care is slashed

Wednesday - February 8, 2012:

  1. China growth could halve if Europe crisis worsens IMF
  2. Disbelief as Greek politicians delay deal on €130bn rescue package
  3. Romanian government collapses amid public outrage over austerity
  4. Banks Paying Homeowners to Avoid Foreclosures

Tuesday - February 7, 2012:

  1. Global stocks, euro stall on Greece concerns
  2. Greece Poised for Further Spending Cuts
  3. Greek Trade Unions Announce General Strike
  4. We're in the red ... so let's borrow

Monday - February 6, 2012:

    Nothing to report this morning.

Sunday - February 5, 2012:

  1. Hungary seeks 15-20 billion euro IMF-EU credit line official

Saturday - February 4, 2012:

  1. Eurozone countries sign bail-out fund treaty
  2. Berlin digs in heels on extra €15bn for Greece

Friday - February 3, 2012:

  1. China's Wen May consider bigger role in EU rescue
  2. EU unemployment hits record high
  3. Bank survey highlights EU economic gloom
  4. Europe May Be Planning 1.5 Trillion Euro Backstop Fund
  5. Sony sees $2.9 billion loss, new CEO warns of pain

Wednesday - February 1, 2012:

  1. Is the European Union doomed?
  2. As British jobless toll soars, UK bosses recruit thousands in Romania
  3. Greece seeks bail-out deal 'this week' to avert catastrophe
  4. S&P may downgrade G20 nations as of 2015
  5. UK: Army to cut 20,000 jobs two years earlier than expected
  6. Home prices drop, consumers turn gloomier
  7. Middle class priced out of university by soaring tuition fees
  8. Toshiba cuts outlook after Q3 profit tumbles

Archives --

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  • December 2009
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  • October 2008
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