Economic Crisis
Daily News and Updates

Wednesday - October 31, 2012:

  1. British Banking: UBS announce plans to cut 10,000 roles worldwide
  2. India Central Bank cut reserve ratios to boost economic growth

Tuesday - October 30, 2012:

  1. Hurricane Sandy casts doubt over October employment report
  2. PayPal cutting jobs as part of major reorganization

Sunday - October 28, 2012:

  1. JAPAN: Tokyo to inject US$ 5.3b to jumpstart the economy

Saturday - October 27, 2012:

  1. French banks downgraded
  2. Eurozone crisis as it happened Spanish unemployment hits record high as US GDP beats forecast
  3. Ericsson seeks more cost cuts as slowdown bites
  4. Panasonic may cut mobile unit, post writedown sources
  5. Taiwan's HTC sees lower revenue, margins in fourth-quarter
  6. Think Gold's Pricey Now? Wait Until It Hits $5000: Schiff

Friday - October 26, 2012:

  1. In rare show of unity, U.S. CEOs call for deficit fix
  2. UK emerges from double-dip recession
  3. China's ZTE slumps to quarterly loss, margins bleed
  4. Ford sheds 1,400 jobs as Debenhams announces 1,700 new retail posts

Thursday - October 25, 2012:

  1. France and Germany tumbling towards recession

Wednesday - October 24, 2012:

  1. EU underestimated depth of crisis, says chief
  2. Keeping Greece in Eurozone ‘Impossible’ - Kudrin
  3. West in a 'Colossal Mess' in Five to 10 Years Marc Faber
  4. Birmingham city council warns of effect of 17% spending cuts
  5. Spanish regions downgraded to 'junk'
  6. The risk of economic collapse and the presidential election

Tuesday - October 23, 2012:

  1. Britain 'is creating jobs faster than US'
  2. Extra 10,000 working people a month reliant on housing benefit, says report

Monday - October 22, 2012:

  1. Fork in the road as U.S. outstrips Europe
  2. British protesters demand end to 'failing' austerity
  3. Italian workers rally against job losses

Sunday - October 21, 2012:

  1. Trade unions march against cuts

Saturday - October 20, 2012:

  1. Angela Merkel calls for Brussels to take over national budgets
  2. Leaders agree to have ECB supervise all euro banks
  3. EU bank supervision to come to life next year
  4. Eurozone crisis EU summit day two - as it happened
  5. Firm dollar, weak Europe crimp U.S. industrials' sales
  6. Google's catastrophic $24billion loss leads to global market fall
  7. Sony to cut HQ staff by a fifth, shutter Japan plant
  8. Chipmaker AMD announces layoffs as PC sales stumble

Friday - October 19, 2012:

  1. China's economy slows for a seventh quarter
  2. Study Greek euro-exit could start €17tn 'wildfire'
  3. Hollande says Banking union most important issue for summit
  4. Merkel backs super budget commissioner idea
  5. Spain and Italy in 'depression'
  6. Mortgage lending suffers 10% dive
  7. Rolls-Royce reveals it has been forced to lend to its own suppliers

Thursday - October 18, 2012:

  1. More than 30 chain stores closing a day
  2. Sales stumbles raise fresh worry for corporate America

Wednesday - October 17, 2012:

  1. Austerity may have hurt UK growth more than predicted
  2. Swiss army prepares for euro unrest
  3. Germany calls for powerful EU budget commissioner
  4. Greece's Biggest Company Quits Country

Tuesday - October 16, 2012:

  1. Exclusive Study shows $1.2 trillion gap for public pensions

Monday - October 15, 2012:

  1. Bernanke defends Fed stimulus as China, Brazil raise concerns
  2. China's ZTE to post nine-month loss of up to 1.75 billion yuan

Sunday - October 14, 2012:

  1. Budget deficit tops $1 trillion for fourth straight year
  2. Eurozone needs 'limited fiscal solidarity'
  3. This WEEK bank union to dominate EU summit
  4. S&P Downgrades South Africa’s FC Credit Rating to ‘BBB’
  5. AMD plans layoffs after recent warning source
  6. Dramatic price rises are forcing families to cut back on meat, veg and fruit

Saturday - October 13, 2012:

  1. Spain says ECB plan ready to be used, no blocking
  2. One in four Greeks out of work
  3. British Gas raises gas and electricity tariffs by 6%

Friday - October 12, 2012:

  1. Downgrade raises pressure on Madrid to accept bailout
  2. Siemens says must drive down costs to succeed

Thursday - October 11, 2012:

  1. Euro crisis fuels global instability, IMF warns
  2. Annuity rates ‘have gone into freefall’- Money-printing triggers slump
  3. Spain Loses 296 Bln Euro Capital Flight Over Year – IMF

Wednesday - October 10, 2012:

  1. IMF cuts global forecasts
  2. IMF Sees 'Alarmingly High' Risk of Deeper Global Slump
  3. Austerity will continue, says David Cameron, despite IMF deficit warning

Tuesday - October 9, 2012:

  1. George Osborne austerity may last until 2018
  2. Single euro zone budget gains momentum
  3. Euro zone launches bailout fund
  4. Cyprus Trio of EU bailouts likely in November
  5. Protests Redux: Spanish unions plan general strike after more mass rallies
  6. Taiwan's HTC third-quarter net falls 79 percent, lags forecasts

Monday - October 8, 2012:

  1. World Bank cuts East Asia GDP outlook, flags China risks
  2. Anti-austerity protests grip 56 Spanish cities

Sunday - October 7, 2012:

  1. RPT: Traders see signs of squeeze behind L.A. gasoline spike

Saturday - October 6, 2012:

  1. Cyprus seeks €11.5 billion bailout
  2. Austerity has made the crisis worse, say bankers
  3. French steelworkers warn blockade is a last stand to save the industry
  4. Signs Of The Gold Standard Emerging In China

Friday - October 5, 2012:

  1. World economic crisis recovery will take at least a decade, says IMF chief
  2. Portugal unveils tax hikes to meet EU bail-out demands
  3. Exclusive: Euro zone considering bond insurance for Spain - sources
  4. ECB holds rate unchanged
  5. Google warns of more Motorola cuts, revises up third quarter bill
  6. HP's outlook disappoints, shares hit nine-year low
  7. Chip gear maker Applied Materials to cut jobs

Thursday - October 4, 2012:

  1. The ADB cuts economic growth forecasts for Asia
  2. Renesas to post $1.1 billion special loss on job redundancy scheme
  3. Tesco records first fall in profits in 20 years after 12% decline
  4. Faber '100% Chance' of Global Recession

Wednesday - October 3, 2012:

  1. EU falling short on bank capital rules, warns regulator
  2. Inflation Outweighs Slow Growth Risk
  3. European airlines set to descend into the red
  4. More than 2,000 lose jobs

Tuesday - October 2, 2012:

  1. Asian factory sector struggles to shake off euro malaise
  2. Eurozone joblessness on the rise
  3. Postal Service misses another $5 billion payment, blames Congress
  4. Greek 2013 budget sees sixth year of recession

Monday - October 1, 2012:

  1. French protesters march in 'resistance' to austerity
  2. Spain reels at violent tactics by riot police

Archives --

  • September 2012
  • August 2012
  • July 2012
  • 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
  • © Laymanswatch.com, 2008
    Fair Use Notice
    BACK