Archive for November, 2011

Euro in danger, Europe races for debt solution

Tuesday, November 29th, 2011

European leaders rushed Monday to stop a rampaging debt crisis that threatened to shatter their 12-year-old experiment in a common currency and devastate the world economy as a result.---read the article

Bank tips four rate cuts in a row

Wednesday, November 23rd, 2011

Worries about Europe have increased the chance of more dramatic rate reductions in the year ahead.---read the article

Debt panel poised to admit failure

Monday, November 21st, 2011

A special deficit-reduction supercommittee appears likely to admit failure on Monday, unable or unwilling to compromise on a mix of spending cuts and tax increases required to meet its assignment of saving taxpayers at least $1.2 trillion over the coming decade.---read the article

Commonwealth Bank’s Outlook Clouded by Funding Costs

Tuesday, November 15th, 2011

Commonwealth Bank of Australia, the country's top mortgage lender, said on Tuesday its funding costs could rise as the European debt crisis and concerns over the health of the U.S. economy challenge credit markets.---read the article

Papademos Takes the Helm as Greek Prime Minister

Sunday, November 13th, 2011

Greece's new unity government was sworn in Friday, with technocrat Lucas Papademos taking the helm as prime minister. The move follows almost two weeks of political upheaval that saw the eventual resignation of Prime Minister George Papandreou amid a firestorm of controversy over his decision to call for a referendum ...

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