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Stronger banking union would help boost growth: America to Europe

Last Updated: Thursday, January 09, 2014, 03:24

The United States has a message for the countries of Europe: If you want to help your ailing economies, consider pledging to stand behind one other`s troubled banks.

Spain's credit rating kept at investment-grade level

Last Updated: Thursday, October 18, 2012, 13:13

Moody's Investors Service left Spain's credit rating at investment-grade level, although it assigned a negative outlook due to persistent risks.

No more cuts coming, says Spanish minister

Last Updated: Monday, August 06, 2012, 10:20

Economy Minister Luis de Guindos has said in an interview that although Spain is finally asking for help from the European rescue fund there will be no new cuts or tax increases because those the govenment has already approved "will be enough" to reduce the deficit.

Germany's ratification of EU fiscal pact, ESM to be delayed

Last Updated: Tuesday, July 17, 2012, 11:49

Germany's ratification of the European Union's fiscal pact on budgetary discipline and the permanent bailout fund, ESM, will be delayed at least by two months as the country's highest court has said it will rule on their constitutionality only by mid-September.

Moody's downgrades Spain's debt rating to Baa3

Last Updated: Thursday, June 14, 2012, 09:02

Credit ratings agency Moody's Investors Service on Wednesday downgraded Spanish government's credit rating by three notches to Baa3 from A3, which leaves it in investment-grade status but just one notch above junk.

Global recovery prospects improved, risks remain: IMF

Last Updated: Tuesday, March 27, 2012, 14:20

International Monetary Fund Deputy Managing Director Naoyuki Shinohara said Tuesday the prospects for a global economic recovery have improved, but risks remain due largely to uncertainty over the situation in Europe.

Nikkei ends at 11-wk high; buoyed by US results

Last Updated: Friday, January 20, 2012, 13:23

Trading volume hit a six-week high on Friday, with 2.6 billion shares changing hands on the main board, up from 2.13 billion shares on Thursday.

Italy seeks bigger euro fund after tough debt sale

Last Updated: Thursday, December 29, 2011, 22:47

Italian Prime Minister Mario Monti sought reinforcement for the euro zone's bailout fund and pledged new efforts to boost the economy after a disappointing bond auction on Thursday underlined the threat to the country's shaky public finances.

Italy borrowing costs stay near record at sale, seeks bigger euro fund

Last Updated: Thursday, December 29, 2011, 18:51

Italy's borrowing costs fell from recent record highs at a bond auction on Thursday but cautious investors still demanded a near 7 percent yield to buy 10-year debt, a level seen unsustainable over time for the euro zone's third-largest economy.

Wall Street opens down as Europe hopes fade

Last Updated: Wednesday, December 21, 2011, 21:03

The Dow Jones industrial average was down 10.67 points, or 0.09 percent, at 12,092.91.

Wall St slides on eurozone deal doubts, Intel view

Last Updated: Tuesday, December 13, 2011, 00:47

Stocks fell on Monday after the three major credit ratings agencies issued new warnings that European leaders have failed to take the coordinated action necessary to tackle the region's debt crisis.

Euro zone may need another shock: S&P

Last Updated: Monday, December 12, 2011, 23:12

Ratings agency Standard & Poor's put more pressure on the euro zone on Monday, with its chief economist saying time was running out for the currency bloc to resolve its debt problems and that it might need another financial shock to get it moving.