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/ 23 September 2011
The United States central bank has unleashed a radical $400-billion plan to prevent the world’s largest economy sliding back into recession.
A grim outlook for the US economy from the Federal Reserve and signs of a slowing in China and Germany has sent world stocks tumbling.
A meeting of emerging economies will consider a Brazilian proposal to buy European bonds to help crisis-hit eurozone countries, Pravin Gordhan says.
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/ 22 September 2011
The rand bounced from two-year lows against the dollar but remained vulnerable as investors dumped high risk assets.
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/ 22 September 2011
The rand tumbled nearly 3% to hit 16-month lows against the dollar as importers piled into the greenback, spooked by a recent trend of sharp declines.
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/ 22 September 2011
Greece has adopted more austerity measures to secure a bailout instalment, and the IMF warned Europe’s debt crisis is putting banks’ capital at risk.
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/ 21 September 2011
Sub-Saharan Africa could maintain its economic expansion in the near term, but faltering US or European recovery could threaten trade, says the IMF.
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/ 21 September 2011
Stavros Lambrinidis says Greece’s fiscal adjustments made since revealing its debt and deficits two years ago were being undermined by stereotypes.
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/ 20 September 2011
The IMF has put pressure on European banks to boost their capital to survive the debt crisis, which is posing a threat to the world economy.
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/ 20 September 2011
Ilona Staller, better known as "Cicciolina", is the protagonist in a row over the cost to ordinary Italians of the perks enjoyed by politicians.
Standard & Poor’s cut its unsolicited ratings on Italy by one notch on Tuesday, a move that sharply increases strains on the debt-stressed eurozone.
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/ 20 September 2011
International lenders told Greece it must shrink its public sector to avoid running out of money within weeks as investors dumped eurozone assets.
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/ 19 September 2011
The Brics emerging market powerhouses have already bought debt through the European Financial Stability Facility, says a Brazilian financial daily.
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/ 19 September 2011
World stocks and the euro fell sharply as investors feared a messy Greek default within weeks unless Athens implements the austerity measures demanded
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/ 16 September 2011
At a time when the world is facing very important economic challenges, the EU-SA summit has shown that the parties share excellent relations still.
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/ 16 September 2011
Timothy Geithner told EU finance ministers to end talk about a eurozone break-up and work with the European Central Bank to fight the debt crisis.
The cost of insuring against default on sovereign Greek bonds has continued to rise and calculations now predict a 98% chance of default.
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/ 15 September 2011
Asian stocks bounced after tentative steps by eurozone policymakers to tackle a crippling debt crisis, but investors remained wary.
The Brics are considering offering support to the euro area, possibly by buying bonds, but there are doubts that a significant plan will materialise.
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/ 14 September 2011
China and the US have urged Europe’s leaders to prevent the eurozone debt mess from spreading — which is now also threatening Italy.
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/ 13 September 2011
Investors expect Europe to fall into recession in the next 12 months, according to the BofA Merrill Lynch Survey of Fund Managers for September.
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/ 12 September 2011
Mounting fears over the possibility of a Greek debt default and signs of division within Europe’s policymaking circles sent bank stocks sharply lower.
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/ 9 September 2011
The US Federal Reserve chairperson Ben Bernanke has said the US central bank would spare no effort to boost weak growth.
Barack Obama is due to unveil a jobs package in a speech to Congress. What might his bold plan to reduce the country’s unemployment rate consist of?
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/ 8 September 2011
US stocks rallied for the first time in three days after a German court backed the country’s role in bailing out other European countries.
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/ 7 September 2011
Gold has reached $1 921.41 per ounce and FTSE staged ‘marginal’ recovery as double-dip recession fears sent Japan’s Nikkei index falling.
Germany’s top court will decide on the legality of Europe’s rescue fund in a landmark ruling with major implications for future aid.
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/ 6 September 2011
The rand was softer against the dollar in early morning trade as it tracked a jittery euro, and analysts say they expect the rand to keep weakening.
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/ 6 September 2011
Wall Street braced for losses on Tuesday after world stock markets took a beating over fears that the US economy was heading back into recession.
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/ 5 September 2011
Europe’s top banks are due to meet to share insights on whether the latest sovereign debt crisis squall could yet turn into a financial market storm.
Greece says it will only go ahead with a bond swap plan, a critical part of its second bailout, if at least 90% of private creditors participate.
Warren Buffett has thrown a lifeline to the Bank of America, nnouncing he would invest $5-billion in the beleaguered United States banking giant.