Economic Crisis
Daily News and Updates

Thursday - May 31, 2012:

  1. CHINA - HONG KONG: Stock markets fall Beijing rules out a new package of economic incentives
  2. Don't bet on the dollar
  3. France, Italy and Spain at centre of EU budgetary surveillance
  4. Greek national bank warns of euro exit chaos
  5. Eurozone faces 'financial disintegration' unless it acts again, warns commission
  6. 3 Years After Taxpayer Bailout, Bank of America Ships Jobs Overseas
  7. RIM warns of operating loss, layoffs to come
  8. Olympus to cut 2,500 jobs, sell equity stake media

Wednesday - May 30, 2012:

  1. Brussels could take control of struggling European banks under secret plans
  2. Tokyo and Beijing to abandon dollar and trade in yen and yuan from June
  3. Spanish and Italian borrowing costs soar
  4. Greece to Leave Euro Zone on June 18: Wealth Manager

Tuesday - May 29, 2012:

  1. Eurozone crisis live Markets rally, but Spain and Italy under pressure

Monday - May 28, 2012:

  1. Lloyd's of London preparing for euro collapse
  2. Spain region, Greek exit warnings rattle euro zone
  3. 40,000 ordered to work for their dole
  4. Number of the Week: Half of U.S. Lives in Household Getting Benefits

Sunday - May 27, 2012:

  1. Europe slowdown adds more tension to Greek drama
  2. Greek exit from euro could plunge US into recession

Saturday - May 26, 2012:

  1. Euro plunges to its lowest level in nearly two years
  2. China’s Once-Hot Economy Is Turning Cold
  3. European funds dumping euro-assets
  4. Germans oppose eurobonds and Greek euro membership
  5. Europe slowdown adds more tension to Greek drama
  6. 'Greece WILL leave the eurozone on January 1, 2013': Citigroup boss predicts

Friday - May 25, 2012:

  1. Van Rompuy to draft plan for deeper economic union
  2. Spanish state pumps €9bn into troubled bank
  3. Euro zone to prepare for Greek exit scenario say sources
  4. Europe's slump deepens, U.S., China lose momentum
  5. Germans ready to boot Greece out of the euro ahead of emergency summit
  6. Real federal deficit dwarfs official tally
  7. UK economy's fall into recession deeper than expected

Thursday - May 24, 2012:

  1. Lagarde warns of Greek euro exit 'contamination'
  2. Eurozone crisis: Germany and France clash over eurobonds at summit
  3. Fitch Ratings downgrades Japan to A+
  4. HP to lay off 27,000, profit slides 31 percent
  5. Small firms can't even get an overdraft as it emerges 50 are failing every day

Wednesday - May 23, 2012:

  1. Tsipras Greek austerity is 'collective suicide'
  2. IMF backs tax and interest rate cuts to dig UK out of recession

Tuesday - May 22, 2012:

  1. Alexis Tsipras warns Greek crisis is also Europe's
  2. Euro austerity example Ireland 'may need second bailout'
  3. Fitch Says Top 29 Banks May Need $556 Billion

Monday - May 21, 2012:

  1. World leaders back Greece, vow to combat financial turmoil

Sunday - May 20, 2012:

  1. G8 liking Obama growth, not Merkel austerity

Saturday - May 19, 2012:

  1. Europe thinks the unthinkable on Greece
  2. Spain hit by downgrades amid Greek contagion fears
  3. European markets drop in response to economic worries
  4. Greek euro exit could throw UK 'into long-term recession'
  5. 'Free-falling' Indian rupee hits new lows
  6. New French cabinet takes pay cut

Friday - May 18, 2012:

  1. French ministers sign up to austerity wages and sober code of conduct
  2. Moody's downgrades Santander UK along with 16 Spanish banks
  3. Russian Stocks Close Deep in the Red
  4. HP poised to eliminate up to 30,000 jobs

Thursday - May 17, 2012:

  1. Fears over Greece and Chinese loans drag Asian markets down
  2. Cost of Greek exit from euro put at $1tn
  3. Exclusive: ECB stops operations with some Greek banks
  4. Greeks withdraw $894 million U.S. in cash out of bank accounts
  5. Penney shares fall as turnaround turns ugly

Wednesday - May 16, 2012:

  1. Boehner No debt ceiling increase without cuts
  2. Greece faces stark election choice – in or out of the euro
  3. Greenspan Only resolution to Euro crisis is 'political union'

Tuesday - May 15, 2012:

  1. A last roll of the dice for the euro
  2. Breakdown Of Greek Coalition Talks Push Greece To Euro Exit
  3. European leaders and financial markets braced for Greece exit from euro
  4. Moody's downgrades 26 Italian banks

Monday - May 14, 2012:

  1. After Disappointing Figures, China Will Try to Stimulate Economy
  2. EU leaders set for showdown on fate of euro as crisis deepens
  3. Gov. Jerry Brown calls for cuts as deficit jumps Full Page
  4. Oil prices could double by 2022, IMF warned

Sunday - May 13, 2012:

  1. Hollande faces challenges as int'l concern rises

Saturday - May 12, 2012:

  1. China economy shows unexpected signs of weakness
  2. French bank predicts zero economic growth
  3. Bernanke: even worthy borrowers can't get mortgages
  4. JPMorgan $2 billion loss hits shares, dents image
  5. Police join London protests against austerity
  6. Sony slides to three-decade low on strategy doubts

Friday - May 11, 2012:

  1. Greek turmoil deepens Europe's debt crisis
  2. German politicians demand Athens exits euro as country faces SECOND general election
  3. One in five Greeks unemployed
  4. JPMorgan sees $2 billion loss from trades gone bad
  5. Chinese import-export drops. Doubts about recovery

Thursday - May 10, 2012:

  1. Eurozone crisis: EU moves to loosen grip of austerity
  2. (Chinese) ICBC gets approval to take over US bank

Wednesday - May 9, 2012:

  1. Anti-austerity backlash rattles euro zone
  2. Spanish bank needs up to €10bn
  3. VIETNAM: With 18,000 businesses in trouble, Hanoi proposes tax plan

Tuesday - May 8, 2012:

  1. Asian markets, euro dive on Europe election results
  2. Asian stocks fall after the elections in France and Greece
  3. Votes throw future of euro into question
  4. Europe's left-wing turn worries markets

Monday - May 7, 2012:

  1. Angry Greeks reject bailout, risk euro exit
  2. European Union: Rumblings of a crumbling

Sunday - May 6, 2012:

  1. Fears mount over global economic recovery as US jobs stall
  2. Number of Americans working or looking for jobs falls to 30-year-low
  3. California's fourth year of teacher layoffs spurs concern

Saturday - May 5, 2012:

    Nothing to report this morning.

Friday - May 4, 2012:

  1. CHINA - UNITED STATES: Yuan replacing more and more US dollar as international currency

Thursday - May 3, 2012:

  1. Eurozone unemployment hits new record
  2. Italy unemployment hits 12-year high
  3. Global Investors Resume Exit From Euro Debt
  4. One million homeowners hit by mortgage rate rise
  5. Rosneft's Q1 Net Profit Falls 8.9% to $3.81 Bln
  6. The natives are getting restless all over Europe

Wednesday - May 2, 2012:

  1. Data points to weaker economic momentum
  2. 70 firms are folding each day as the banks STILL refuse to lend
  3. More money for EU investment bank as leaders re-focus on growth
  4. In Spain, fear grows that budget cuts are worsening nation’s crisis
  5. Yale's Shiller: World in a 'Late Great Depression'
  6. Inflation threat keeps Fed in check
  7. Italian women whose husbands killed themselves in recession stage march

Tuesday - May 1, 2012:

    Nothing to report this morning.

Archives --

  • 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
  • © Laymanswatch.com, 2008
    Fair Use Notice
    BACK