The World Bank sharply raised its forecast for China's inflation, saying it expects consumer prices to rise 7.0 percent this year, up from 4.6 percent projected in February. The bank also nudged
Switzerland's central bank is demanding UBS and Credit Suisse build a bigger financial cushion to save a repeat of the subprime mortgage disaster that spoilt the country's reputation as an unshakeable powerhouse.
The U.S. Federal Reserve, European Central Bank and Bank of England on Tuesday all dampened expectations for aggressive interest rate rises to counter rising inflation, sending global stocks and bonds surging in
Opinion pieces in the FT and WSJ have fuelled doubts on whether the Fed will be able to act on its hawkish talk and deliver rate hikes in the summer. The WSJ
European Union Ministers for Employment and Social Affairs, at their meeting in Luxembourg, have agreed on two Directives of the utmost importance for European workers as they govern the aspects of working
Oil prices are likely to hit $150 a barrel this summer season, the global head of commodities research at Goldman Sachs said on Monday, as tighter supplies outweigh weakening demand. "I would
Greece's largest lender National Bank reported first-quarter net profit grew 25 percent to 423 million euros ($666 million), excluding a one-off tax settlement, helped by growth in its core banking business in
Robust lending growth at home and in southeast Europe boosted Alpha Bank's first-quarter profit with management confident Greece's third-largest lender is on track to meet key targets. The bank said group net
Through May 13, 2008, there were 28 defaults, affecting debt worth $18.9 billion, said an article published by Standard & Poor's. The article, which is titled "Global Bond Markets' Weakest Links And
In 2004 around 100 million Europeans (22% of the total population) had less than 60% of the EU median income of around 8000 euro per year for a single person or 22
