Ecomomic Crisis
Daily News and Updates

Saturday - March 31, 2012:

  1. Eurozone firewall increased to €700bn
  2. 800,000 protesters turned out in Spanish demos, government says
  3. Canada Conservatives slash federal budget
  4. Russia Sells $7 Bln in Eurobonds

Friday - March 30, 2012:

  1. UK is back in recession, OECD says
  2. Spain faces general strike amid budget pressure
  3. Clashes break out across Indonesia over rising diesel and gasoline prices, many injured
  4. UK: House prices fall back into the red
  5. Best Buy sales, restructuring disappoint

Thursday - March 29, 2012:

  1. Execs are dumping stock. Is it time to sell?
  2. It's on: The Fed vs. gas prices - Bernanke & inflation
  3. UK GDP fell faster than previously estimated in fourth quarter, ONS says
  4. A third of a million families may be forced to sell their homes this year
  5. Don't show me the money. Why eliminating cash may be the secret to prosperity
  6. Schools close as teachers strike over pensions
  7. Job killers

Wednesday - March 28, 2012:

  1. Bernanke says U.S. needs faster growth
  2. OECD says eurozone needs to double bailout fund
  3. Ireland to hold referendum on 31 May
  4. Thousands face job losses as high street giant GAME plunges into administration

Tuesday - March 27, 2012:

    Nothing to report this morning.

Monday - March 26, 2012:

    Nothing to report this morning.

Sunday - March 25, 2012:

  1. Vince Cable hints coalition banking row is brewing
  2. Enough! Pensioners say no to granny tax
  3. Inflation risk looms, says researcher
  4. Regulators Close Two Banks; US Bank Closures Reach 15 In 2012

Saturday - March 24, 2012:

  1. Italian and Spanish bonds head back toward danger zone
  2. BofA to offer rentals as foreclosure alternative
  3. T-Mobile cutting a net 1,900 call-center jobs

Friday - March 23, 2012:

  1. China factory activity falters, markets take fright
  2. CHINA: Manufacturing and employment continue to decline
  3. Dallas Fed Calls For Breakup Of Big Banks
  4. Disappointing retail sales figures dampen hopes of economic recovery
  5. Commission: 'Robin Hood' tax would save EU countries billions
  6. General strike in Portugal
  7. Ireland back in recession as global slowdown hits exports
  8. Nokia finalizes 1,000 job cuts in Finland

Thursday - March 22, 2012:

  1. Nepal, poverty and unemployment push thousands of people to suicide

Wednesday - March 21, 2012:

  1. German 'future of Europe' meeting irks partners
  2. CHINA: Beijing raises fuel prices, risks stoking inflation
  3. Goldman Sachs cuts staff in annual review process

Tuesday - March 20, 2012:

    Nothing to report on this morning.

Monday - March 19, 2012:

  1. China to reform, grow economy, IMF eyes freer yuan
  2. Hungary Denounces EU Double Standards and Pledges Independence

Sunday - March 18, 2012:

  1. Regulator questions bill to ease capital raising

Saturday - March 17, 2012:

  1. Euro zone may up bailout fund capacity to near 700 billion euros officials
  2. Greece receives second multibillion-dollar bailout
  3. RBS refuses loan to 26,000 small firms

Friday - March 16, 2012:

  1. UK's triple A credit rating is at risk, Fitch warns
  2. IMF approves new Greek bailout, warns on missteps
  3. Norway cuts rates to avoid overheating economy
  4. Sears to close 62 more stores
  5. Goldman Roiled by Op-Ed Loses $2_2B for Shareholders

Thursday - March 15, 2012:

  1. China central banker: EU is our biggest uncertainty
  2. Spain Has 'Worse Problems Than Greece' Analyst
  3. Osborne's austerity drive cut 270,000 public sector jobs last year

Wednesday - March 14, 2012:

  1. Central Bank of China more loans from banks, but the Yuan remains low
  2. Hungary feels the heat of new EU budget rules
  3. Exclusive: Greece needs to announce more austerity
  4. Game over? 10,000 jobs at risk in crisis at high street computer shops

Tuesday - March 13, 2012:

  1. Ireland confirms EU-IMF debt negotiations
  2. Greek debt swap could be short-lived reprieve
  3. Greek opposition leader attacks debt deal and hints at early election
  4. NewBuy scheme Barclays, Nationwide and NatWest sign up

Monday - March 12, 2012:

  1. Hundreds of thousands protest austerity measures in Spain
  2. 5,000 frontline police officers who respond to 999 calls cut

Sunday - March 11, 2012:

  1. Import surge sends China trade to decade-deep deficit

Saturday - March 10, 2012:

  1. Govt. sets record deficit in February
  2. January trade gap widens as imports hit record high
  3. Euro-Zone Central Bank System Massively Imbalanced
  4. Drop in UK industrial output reignites recession fears
  5. Fitch Downgrades Greece to 'Restricted Default'
  6. Greece secures private-sector backing for crucial debt swap
  7. Asian markets rise after Greek debt agreement
  8. Verizon Wireless to Shut Call Centers, Relocate Employees

Friday - March 9, 2012:

  1. Bank of England base rate held for three years in a row
  2. ECB fires inflation warning, trumpets success of cash flood
  3. Greece Readies Record Debt Swap
  4. Homelessness jumps by 14% in a year
  5. U.S. to sell $6 billion in AIG stock

Thursday - March 8, 2012:

  1. Athens, creditor group turn up heat on Greek bondholders
  2. Remploy factory closures to put 1,700 disabled people out of work

Wednesday - March 7, 2012:

  1. Banks park record amount at ECB
  2. Eurozone Faces 'Mild Recession' - EU Commissioner
  3. Athens, creditor group turn up heat on Greek bondholders
  4. Goldman Sachs posts its first loss in Asia since 2008
  5. AIA shares slide after $6 billion AIG selldown
  6. White House announces new mortgage relief plans
  7. Yahoo preparing layoffs, could affect thousands: report

Tuesday - March 6, 2012:

  1. Wen Jiabao reduces Chinese growth but keeps military spending high to win local wars
  2. Third Greek bail-out on the cards

Monday - March 5, 2012:

    Nothing to report this morning.

Sunday - March 4, 2012:

  1. Moody's downgrades Greece after debt swap
  2. Prime Minister Noda says tax hike essential for Japan's sustainability

Saturday - March 3, 2012:

  1. Pact for budget discipline signed by 25 EU states
  2. Euro-area jobless rate keeps on breaking records

Friday - March 2, 2012:

  1. China holdings of US debt at $1.15 trillion
  2. Europe drags on global economy, few policy options
  3. Factory growth cools, spending stagnant
  4. Oil pushes up euro zone prices, unemployment rises
  5. Stimulus-Backed Solar Company Lays Off 70 Percent of Workforce

Thursday - March 1, 2012:

  1. Bernanke warns of slow progress ahead on jobs
  2. ECB Injects Record 530 Bln Euro Into Banks
  3. ECB boosts loans to €1 trillion to stop credit crunch
  4. Germany prompts cancellation of euro summit
  5. Future of the euro again thrown into doubt

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