eurozone
Moody's lowers outlook on EU's bailout fund EFSF
Ratings agency Moody's on Tuesday lowered the outlook on the EU's bailout fund from stable to negative, after threatening the triple-A credit ratings of three of the eurozone's major guarantors.
Mood
ArcelorMittal sees tough market continuing into H2
ArcelorMittal, the world's largest steelmaker, forecast tough market conditions would continue into the second half of the year, particularly in Europe, after a divestment gain swelled second-quarter
HSBC scandal erupts as British bank sector faces shake-up
A scandal erupting at Europe's biggest bank HSBC has added to concerns over the state of Britain's financial sector amid the Barclays rate-rigging affair and as the industry faces a major shake-up.
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Spain bailout fears peak after black Friday
A eurozone bailout for Spain's banks and a tough batch of pay cuts and tax hikes have not been enough to save the country from the risk of a full-blown bailout, analysts warn.
Squeezed between public
Clandestine loans were used to fortify Greek bank
The chairman of one of Greece's largest banks and his family took out loans totaling more than 100 million euros to finance an undisclosed stake in the bank, according to audit documents seen by Reute
IMF economist accuses Fund of suppressing information
A veteran economist at the International Monetary Fund has accused the global lender of suppressing information on difficulties in dealing with the global financial meltdown and eurozone crisis.
ECB turns screws on Greece, stops accepting collateral
The European Central Bank turned up the heat on Greece on Friday ahead of a review of its bailout programme, saying it would stop accepting Greek bonds and other collateral used by Greek banks to tap ECB funding, at least until after the review.
Bernanke offers gloomy view but few new hints on easing
Federal Reserve chairman Ben Bernanke on Tuesday offered a gloomy view of the economy's prospects, but provided few concrete clues on whether the U.S. central bank was moving closer to a fresh round o
Greenback up versus euro on China GDP, US bank hopes
The US dollar advanced against the euro in Asian trade on Monday as markets reacted calmly to China's growth slowdown and took heart from the earnings prospects of US banks, analysts said.
The euro f
Spain reforms to raise 56.4 billion euros
The Spanish government's most recent reforms will slash 56.4 billion euros from the public deficit in the next two and a half years, an official document showed on Saturday, leaving a gap to be filled
