Global economic crisis hits China's exporters

Wedding dress maker Wang Lujia earns a living making brides happy, but the global economic crisis is casting a chill over her small business in southern China.

Banks boost lending as economy slowly warms up

After three years of Scrooge-like underwriting following 2008's financial crisis, banks have turned on the spigot, boosting lending at annual rates as high as 8.2% since July, according to Federal Reserve statistics.

Dollar Index Holds Loss Before Confidence, Manufacturing Reports

Dec. 27 (Bloomberg) -- The Dollar Index held losses from last week before U.S. data forecast to show consumer confidence rose to the most since July and regional manufacturing gauges increased, reducing demand for haven assets.

Spain economy shrinks, outlook bleak: minister

Spain's economy will shrink in the last quarter and faces a bleak outlook for the coming months, its new economy minister warned Monday, heightening fears of a fresh recession.

Euro's woes may lead to bargain imports

As the financial crisis worsens in Europe and the euro continues to lose value against the dollar, Nashville could soon see more bargain prices on products such as Italian olive oil, French wine and cheese or even German luxury cars.

Analysis: Germany faces recession risk as crisis hits confidence

BERLIN (Reuters) - After breezing through the euro zone debt crisis for the past two years, Germany's economy could fall into recession as anxious businesses hold off on investment and exports wither.

Italian Economy Shrinks In Q3, Signals Recession

(RTTNews) - The Italian economy contracted in the third quarter mainly led by a fall in domestic demand and investment, and likely entered a recession triggered by the Eurozone's deepening debt crisis, the latest official figures revealed Wednesday.

Euro in Crisis 8% Stronger Than Average Since 1999 as Losses Seen for 2012

The euro, after falling to its weakest level against the dollar since January, is poised to depreciate further as traders lose confidence in the ability of European leaders to contain the region’s debt crisis.

George Osborne urged to rethink reforms

George Osborne’s efforts to overhaul Britain’s financial regulation have been dealt a severe blow after a joint committee of MPs and Lords warned his draft proposal “needs significant amendments” to be fit for purpose.

Greece sinks deeper into job hell

Greek unemployment hit a record high this summer despite a rise in tourism.

Gold Prices Struggle to Stay Near $1, 700

Gold prices fell Wednesday on negative economic news from China and Europe plus concerns that the world's No. 1 economy is barely advancing.

Euro Area Faces Recession as Breakup Risk Remains, E&Y Says

Dec. 15 (Bloomberg) --The euro-area economy is likely to slip back into a recession and its leaders’ new plan to end the debt crisis hasn’t completely eliminated the risk of a breakup of the currency region, according to Ernst & Young LLP.

Speculation on France's Rating Persists

PARIS—French Foreign Minister Alain Juppé said Wednesday that a credit-ratings downgrade wouldn't be "cataclysmic," further fueling market expectations that the government is preparing for an imminent loss of its cherished triple-A ranking.

Euro’s woes boost sterling

The euro fell to a fresh nine-month low against the British pound on Tuesday.

European summit: Now it's up to the ECB

Judging Europe's fifth attempt at a comprehensive solution to the euro crisis requires reading the minds of Mario Draghi and the other leaders of the European Central Bank.

Europe pushes ahead with fiscal union, UK isolated

BRUSSELS (Reuters) - Europe secured an historic agreement to draft a new treaty for deeper economic integration in the euro zone on Friday, but Britain, the region's third largest economy, refused to join the other 26 countries in a fiscal union and was left isolated.

Can EU Heads of State Stabilize Euro Crisis? Will a Franco-German Consensus be Imposed on EU Member Countries?

Newswise — WASHINGTON, D.C. (December 8, 2011) – European heads of state are meeting for an EU summit aimed at trying to stem the deepening euro-area financial and sovereign debt crisis.

Euro Fluctuates Before Leaders’ Debt Crisis Summit, ECB Rate Statement

The euro fluctuated against the dollar, after erasing earlier losses, as optimism increased that European leaders will be able to agree on measures to help solve the region’s debt crisis.

Euro zone economy heading for steep contraction in Q4: PMIs

LONDON (Reuters) - The escalating sovereign debt crisis has already pushed the euro zone economy into a contraction that could be far worse than economists had expected, business surveys suggested on Monday.

Service Industries in U.S. Probably Expanded at Fastest Pace in Six Months

Service industries in the U.S. probably expanded in November at the fastest pace in six months, a sign the economy is accelerating in the final months of 2011, economists said before a report tomorrow.

Leaders Look to I.M.F., Again, as Euro Crisis Lingers

WASHINGTON -- European leaders are looking outside the Continent for help solving the longstanding crisis over the euro, but while the International Monetary Fund may be able to help, it will not be the magic wand they seek.

Sweden Is Safest as Crisis Upends Bond Market

Sweden is enjoying its lowest borrowing cost ever relative to Germany as investors reward the biggest Scandinavian economy for cutting its debt to less than half Europe’s average and enforcing discipline at its banks.

Britain blames euro crisis for lower growth

LONDON (AP) — The British government blamed the euro crisis for a big downgrade of the country's growth projections and warned that it will only achieve its deficit-reduction goals if European leaders deliver a big, bold solution soon.