Economic Crisis
Daily News and Updates

Wednesday - July 25, 2012:

  1. Germany's credit rating downgraded
  2. Greece is facing a 1930s-style depression
  3. Moody’s warns eurozone core
  4. Naples and Palermo among 10 Italian cities going broke
  5. Panic selling of shares in Spain as country's bond yields go above 7.5%
  6. Eurozone government debt at record high

Tuesday - July 24, 2012:

  1. Asian shares plunge because of a weaker euro and China
  2. Greece now in Great Depression, PM says
  3. Russian Stocks Plunge on Eurozone Worries
  4. Earnings Show Recession May Be 'Fast Approaching'
  5. Spanish meltdown fear hits UK shares for £30bn and ten Italian cities approach bankruptcy
  6. Euro hits 12-year low against yen
  7. Spain's borrowing costs hit record high
  8. Moody's cuts Nokia by two notches,sees more losses

Monday - July 23, 2012:

  1. Double-dip recession 'is worst since the war'
  2. Spanish protests swell as jobless march on Madrid

Sunday - July 22, 2012:

  1. Euro crisis deepens as time starts to run out for Spain's banks and regions
  2. Five Banks Fail, 2012 Tally at 38

Saturday - July 21, 2012:

  1. Spanish rallies turn violent as million people protest in 80 cities (VIDEO, PHOTOS)

Friday - July 20, 2012:

  1. Banking union is a priority, says IMF
  2. IMF Eurozone risks deflation, breakup
  3. Cameron warns of decade of austerity
  4. China offers $20bn of loans to African nations
  5. Compton, Calif., might file for bankruptcy
  6. Morgan Stanley plans further staff cuts on weak outlook
  7. Postal Service Set to Default on Billions in Health Payments

Thursday - July 19, 2012:

  1. Bailout fund could become eurozone budget authority, says ECB
  2. Fed Chief Says U.S. On “Unsustainable Path” & Approaching “Fiscal Cliff”. Grave risk of implosion growing
  3. BofA plans $3 billion of new cost cuts
  4. Moody's downgrades Italian banks, outlook negative

Wednesday - July 18, 2012:

  1. IMF tells eurozone to turn on printing presses
  2. Foreign investment in China down by 6.9 per cent
  3. Belgian debt surpasses GDP
  4. Slovenian banks seek credit
  5. IMF slashes UK economic growth forecast
  6. Eurozone ministers to hold conference call on Spain
  7. US economy appears weaker as retail sales slump
  8. Inflation drops but late monsoons threaten India's food sector
  9. The death of paper currency

Tuesday - July 17, 2012:

  1. Wen Jiabao warns hard times ahead for Chinese economy
  2. Citi second-quarter profit falls, old assets sting
  3. Spain to make €56bn spending cuts
  4. Fewer U.S. companies planning to hire; Europe looms poll
  5. Two U.S. states probing banks over Libor manipulation

Monday - July 16, 2012:

    Nothing to report this morning.

Sunday - July 15, 2012:

    Nothing to report this morning.

Saturday - July 14, 2012:

  1. China's economic growth slows to 7.6%
  2. Greek unemployment hits record level
  3. JP Morgan reports trading losses of $5.8bn from London 'tempest'

Friday - July 13, 2012:

  1. Spain unveils new austerity under European pressure
  2. A scandal over rate-fixing is about to hit the US
  3. Thirty-year mortgage rate drops to another record low
  4. More US homes facing foreclosure risk in June
  5. Peugeot Citroën to cut 8,000 jobs and close factory in France

Thursday - July 12, 2012:

  1. Delay in approving the EU bailout fund could send world markets crashing
  2. EU bailout fund might prop up Irish banks
  3. Italy eyes euro zone aid to ease debt pain
  4. San Bernardino third California city to seek bankruptcy

Wednesday - July 11, 2012:

  1. Crisis in the eurozone is 'worse than Lehman Brothers collapse'
  2. Italy eyes euro zone aid to ease debt pain
  3. Russia’s Foreign Trade Surplus Grows 17% Jan-May
  4. Priced out of a degree: 15,000 give up on university dream
  5. Income required for 'decent life' rises by £10,000 in just four years

Tuesday - July 10, 2012:

  1. China inflation signals demand falling as prices ease
  2. Chinese Premier Warns of ‘Downward Pressure’ on Economy
  3. Eurozone bailout deals under pressure as Spain's cost of borrowing rises
  4. Fed officials favor QE3; Asian data signal drop in global demand
  5. Little first-quarter growth seen for India outsourcers, recovery hopes fade
  6. Spain to get longer to reach budget goal

Monday - July 9, 2012:

  1. Euro crisis fall-out is global, IMF chief warns
  2. Barclays just the tip of the iceberg as banking braced for more scandals

Sunday - July 8, 2012:

  1. Dismal hiring shows economy stuck in low gear
  2. Finland says No to eurobonds

Saturday - July 7, 2012:

  1. China rate cut a gamble that banks will boost economy
  2. Cyprus Asks Russia For 5 Bln Euro Loan
  3. Disappointment as US economy added 80,000 jobs in June
  4. Ireland sells €500mn of treasury bills
  5. IMF's Lagarde voices concern over global economy
  6. More cuts announced for British Army
  7. Obamacare Seven New Taxes on Citizens Earning Less than $250,000

Thursday - July 5, 2012:

  1. Cyprus starts talks with EU, IMF officials on terms and size of bailout for its troubled banks
  2. French government targets rich with tax rises

Wednesday - July 4, 2012:

    Nothing to report today.

Tuesday - July 3, 2012:

  1. Euro gloom spreads across the Atlantic
  2. California ski resort town to file for bankruptcy
  3. Police forces set to cut 5,800 frontline officers by 2015

Monday - July 2, 2012:

  1. China June official PMI hits 7-month low
  2. Analysis: Jumping off the fiscal cliff

Sunday - July 1, 2012:

    Nothing to report this morning.

Archives --

  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
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