MUMBAI: Warning that negative signs persist in the global economy, Jim Walker, Founder of Asianomics on Tuesday said that he could see a re-run of the beginning of 2008 financial crisis.
February 17, 2012
February 16, 2012
Spain approves labor reforms to boost sick economy
MADRID (AP) — Spain’s new conservative government approved sweeping labor market reforms Friday as part of a drive to revive a sick economy and solve Europe’s worst unemployment nightmare — a jobless rate of nearly 23 percent.
February 15, 2012
Moody's Issues Credit Warnings To 9 European Countries, Austria, France and U.K. Among Them
Britain's AAA credit rating was thrown into doubt after the ratings agency Moody's said the ongoing euro crisis and a credit squeeze on the banking sector put the country at a higher risk of defaulting on its debts.Moody's credit agency has cut the credit ratings of nine European countries including the U.K.
February 14, 2012
Greece still to convince Europe over rescue deal
(Reuters) - Europe gave Greece until Wednesday to convince skeptical international creditors that it would stick to the punishing terms of a multi-billion-euro rescue package, endorsed by parliament as rioters torched downtown Athens.
February 13, 2012
Wayne Swan Says Global Slowdown Affecting Australian Economy
Feb. 13 (Bloomberg) -- Australia’s economy, buoyed by demand from China for iron ore and coal, is feeling the impact of a global slowdown as employers defer hiring new workers on European uncertainty, Treasurer Wayne Swan said.
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