Posts Tagged ‘ debt ’

Gold falls to 4-1/2 month low on Greece risks

May 16, 2012 | FINANCE

SINGAPORE (Reuters) – Gold dropped to its lowest since late December as the euro sank against the U.S. dollar on worries that a worsening debt crisis in Greece could spill over into its neighbours and threaten the existence of the single currency. But lower bullion prices triggered a flurry of activity in the physical...

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Oil near $103 in Asia amid concern EU debt crisis will hurt economy

April 25, 2012 | ECONOMY

SINGAPORE – Oil prices hovered near US$103 a barrel Tuesday in Asia amid investor worries that Europe's debt crisis undermine economic growth and crude consumption. ( more here … ) – ECONOMY Related items Oil below $98 in Asia as traders eye weak US, Europe economies, rising supplies Oil hovers above $105 a barrel...

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Europe pressed for action to end debt crisis

April 23, 2012 | FINANCE

WASHINGTON (Reuters) – Global finance chiefs pressed Europe in weekend talks to quickly put in place the economic reforms needed to finally extinguish its debt crisis now that newly increased financial buffers have bought some precious time. A day after advanced and emerging countries agreed to double the firepower of the International Monetary Fund...

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GLOBAL ECONOMY WEEKAHEAD-Awash in money and piles of debt

April 23, 2012 | ECONOMY

* Pressure mounts on governments to cut debt loads * Mix of spending cuts, tax hikes, reforms seen as best * Huge flows of money are keeping world economy afloat * Major central banks stand ready to provide … ( more here … ) – ECONOMY Related items Awash in money and piles of...

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Awash in money and piles of debt

April 23, 2012 | ECONOMY

WASHINGTON (Reuters) – The amount of money thrown at rescuing the world economy since the Great Recession began is truly staggering, probably more than $14 trillion, and the financial spigots are still open. Industrialized and emerging nations pledged another $430 billion to boost the International Monetary Fund's lending power this weekend, doubling the size...

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Europe pressed to deliver debt fix

April 22, 2012 | FINANCE

WASHINGTON (Reuters) – Global finance chiefs pressed Europe on Saturday to take advantage of newly increased financial buffers and make the lasting reforms needed to tackle its debt crisis, which is threatening the world recovery. A day after advanced and emerging countries agreed to double the firepower of the International Monetary Fund to help...

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IMF warns Europe not to ease up debt battle

April 22, 2012 | FINANCE

An infusion of hundreds of billions of dollars will give the International Monetary Fund a badly needed boost to tackle Europe's prolonged debt crisis. But global finance officials sent a strong message Saturday that struggling governments must speed reforms or risk spooking jittery markets and raising the economic danger. ( read on here …...

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IMF presses Europe to contain debt crisis

April 22, 2012 | FINANCE

WASHINGTON (Reuters) – Europe was pressed by other world powers on Saturday to take strong measures to fix its debt-heavy economy and restore growth to a level that would lift the cloud hanging over the fragile global recovery. A day after top economies agreed to lend more money to the International Monetary Fund to...

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Global growth seen subdued, still heavily reliant on Asia

April 20, 2012 | ECONOMY

LONDON/SINGAPORE (Reuters) – The global economy is set to expand by a modest 3.3 percent this year as a still-smoldering euro zone debt crisis and a relatively slow U.S. recovery continue to leave Asia as the main driver of growth, Reuters polls showed on Thursday. Asian economies, as well as Latin America, are expected...

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Brent slips to $118 on euro zone worries

April 18, 2012 | BUSINESS

SINGAPORE (Reuters) – Brent crude slipped to $118 on Tuesday, continuing its steep decline from the previous session, as Spain's debt woes reignited demand growth concerns and threatened to derail the global economic outlook. Investors remained cautious as Spanish government bond yields broke through the 6 percent mark on Monday for the first time...

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