August 12, 2012

Euro Falls Amid Concern Crisis Worsening, Global Growth Slowing

The euro declined versus the dollar for the first time in three weeks as signs of slowing global economic growth added to concern Europe’s sovereign-debt crisis is worsening, damping appetite for riskier assets.

August 11, 2012

Eurozone debt crisis: Clouds gather over Spanish Prime Minister Mariano Rajoy as EU bailout nears

MADRID: Spanish Prime Minister Mariano Rajoy faces a cloudy return from his short summer break as his expected request for European aid in September will spur protests on the street and deepen cracks emerging in his conservative People's Party.

August 10, 2012

Greek jobless rate hits new record, more pain ahead

ATHENS (Reuters) - Greece's jobless rate climbed to a new record in May, underlining how austerity prescribed to slash deficits and keep bailout funds flowing is hitting the economy on which recovery depends.

August 09, 2012

Once-resilient Germany catches Europe's crisis fever

FRANKFURT: Germany long appeared immune to Europe's debt crisis, as deep reforms undertaken years ago helped steel the economic powerhouse against the current financial storms lashing its neighbours.

August 08, 2012

Halifax expects house prices to stagnate after fall in July

House prices fell in July following two months of increases but are expected to remain largely flat for the rest of the year, the Halifax said in its latest housing market survey.