January 04, 2012

Dollar Falls as Signs of Manufacturing Growth Damp Safety Demand

Jan. 3 (Bloomberg) -- The dollar fell the most in two weeks against the euro as signs that manufacturing is expanding in the U.S. and China damped demand for haven assets.

January 03, 2012

Spain public deficit may top 8 percent: minister

MADRID (Reuters) - Spain's public deficit for 2011 may be higherthan the 8 percent of GDP forecast by the new government, the economy minister said Monday, fuelling fears the country faces a prolonged period of tight budgets and economic contraction.

January 02, 2012

Euro’s First Back-to-Back Losses Since 2001 Cap Debt-Crisis Year

Dec. 31 (Bloomberg) -- The euro had a second consecutive annual loss against the dollar for the first time in a decade as rising yields on the region’s sovereign debt reflected speculation about defaults and stalling economic growth.

December 30, 2011

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.

December 29, 2011

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.