August 29, 2015

Britain's economic growth accelerates in Q2, helped by trade

LONDON, Aug 28 (Reuters) - Britain's economy gathered speed in the second three months of 2015, boosted by a jump in exports and business investment in the latest sign that the recovery is broadening out.

August 28, 2015

Ukraine agrees 'win-win' debt restructuring deal

Ukraine’s finance minister said a “win-win” deal for restructuring $18bn (£11.6bn) of debt had been agreed with a group of its largest creditors, involving a 20% reduction in the total to be repaid.

August 26, 2015

'Bad bank' path worn by Ireland and Spain looks steep for Greece

LONDON (Reuters) - Greece is under growing pressure to take care of banks' problem loans so they are free to lend again, but the depth and complexity of its crisis will make it tough to replicate the comprehensive "bad bank" models set up in Ireland and Spain.

August 25, 2015

World Leaders Have No Words of Wisdom on Rout Spooking Investors

It’s wiped out more than $8 trillion in the value of global equities, leaving virtually no market unaffected, yet reaction from world leaders so far has ranged from muted to dismissive.

August 24, 2015

FOREX-Euro, yen rally as risk aversion intensifies, Aussie sinks

SYDNEY, Aug 24 (Reuters) - The euro hit a 6 1/2-month high and the yen hit a 1 1/2-month high against the dollar on Monday as investors dumped risk assets and flocked to currencies often seen as safe havens.