BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble renewed his criticism of the U.S. Federal Reserve’s move to buy $600 billion worth of government bonds, saying it undermined U.S. credibility and created uncertainty, according to a German magazine.
“I have great doubts about whether it makes sense to pump unlimited amounts of money into the markets,” [...]
Archive for the ‘Global Recession’ Category
German Finance Minister Attacks Fed Move Again : Report
November 6th, 2010 by Financial Writer
Tags: european economy, european union, financial sector, Global Economy, monetary, us economy, world economic
more...China’s Stocks Drop as Banks, Developers Fall on Rate Concern
November 2nd, 2010 by Financial Writer
China’s stocks fell for a second day after government officials said they would take further steps to control inflation after raising interest rates last month.
Industrial & Commercial Bank of China Ltd. and developer China Vanke Co. paced declines among financial stocks after the central bank said it will intensify the use of price tools to [...]
Tags: Asian stocks, bank of china, Chinese economy, economic, economic growth, economy recovery, financial markets, interest rates, loans, us economy
China Tops Japan as World’s No. 2 Economy
August 16th, 2010 by Financial Writer
China surpassed Japan as the world’s second-largest economy last quarter, capping the nation’s three- decade rise from Communist isolation to emerging superpower.
Japan’s nominal gross domestic product for the second quarter totaled $1.288 trillion, less than China’s $1.337 trillion, the Japanese Cabinet Office said today. Japan remained bigger in the first half of 2010, the government [...]
Tags: Chinese economy, economic growth, economists, economy, Global Economy, Global Recession, japan's economy
Slow growth of UK economy is likely to be as good as it gets
July 12th, 2010 by Financial Writer
Official figures show recession was deeper than believed and double-dip downturn is a real threat
On the face of it, today’s official bulletin on the state of the economy was a bit of a damp squib. The delay in publishing the third estimate of growth in the first three months of 2010 had raised speculation that [...]
Tags: bank of england, consumer spending, economists, european union, financial system, inflation, interest rates, recession, uk economy, unemployment
EU Finance Ministers Race to Ready Euro Fund Before Asia Opens
May 8th, 2010 by Financial Writer
EU Finance Ministers Race to Ready Euro Fund Before Asia Opens.
European Union finance ministers meet today to hammer out the details of an emergency fund to prevent a sovereign debt crisis from shattering confidence in the 11- year-old euro.
Jolted into action by last week’s slide in the currency to the lowest in 14 months and [...]
Tags: borrowers, economic recovery, economy, economy recovery, Europe, financial, financial crisis, Global Economy, recession, USA
IMF says global economy to grow 4.2 pct this year
April 22nd, 2010 by Financial Writer
WASHINGTON — The International Monetary Fund said Wednesday that the global economy, after enduring a crippling recession, should see better-than-expected growth this year, led by strength in China and other developing nations.
In an updated economic outlook, the IMF forecast that the world economy would expand 4.2 percent this year, faster than its previous projection and [...]
Tags: economy recovery, Federal Reserve, financial, financial crisis, Global Economy, Global Financial, Global Recession, us economy, us treasury
German Economy Seen Returning to Growth
April 15th, 2010 by Financial Writer
BERLIN — Germany’s economy is on track to recover gradually from the financial crisis, despite stagnating growth this winter, a group of leading institutes said Thursday.
The report, prepared by a group of leading German economic think tanks, forecast that Germany’s economy will grow 1.5% in 2010 and 1.4% in 2011, led by recovery in Germany’s [...]
Tags: economy, european central bank, financial, financial crisis, germany, Global Economy, inflation, monetary, recession
Rising cost of oil ‘a threat to global economic recovery’
April 14th, 2010 by Financial Writer
GLOBAL economic recovery is threatened by “overheated” oil prices which have reached an 18-month high, the International Energy Agency (IEA) has said.
The warning came after crude oil hit $87 a barrel last week – its highest price since October 2008.
That has combined with fuel duty increases and the weak pound to produce record prices at [...]
Tags: banks, economic recovery, economy, financial crisis, Global Economy, money
Bank Of China Picks Banks For $6B Share Sale - Source
April 13th, 2010 by Financial Writer
HONG KONG (Dow Jones)–Bank of China Ltd. (3988.HK) has picked five banks to underwrite its US$6 billion sale of Hong Kong-listed shares, a person familiar with the deal said Tuesday, moving a step closer to bulking up its capital base after an explosion in lending last year.
The person said the five banks are BOC International [...]
Tags: banks, China, Dow Jones Industrial, financial crisis, Global Economy, Global Recession, us economic, wall street
Recession Speeds Shift In Balance Of Power
April 1st, 2010 by Financial Writer
The rise of China and India is redrawing geopolitical lines.
This is the fifth and last in a series of edited excerpts from Nomura’s recent report “The Ascent of Asia.”
World history has been dominated not by singular events but by processes that have gradually wrought fundamental paradigm shifts. In other words, human history, like geology and [...]
Tags: China, economy, financial crisis, india, recession, USA