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LUCAS PAPADEMOS
- Greek house votes for $4.3 bn spending cuts
Greece's parliament votes on state pension and health-care cuts after the chamber on Tuesday ratified a 3.2 billion package of spending red...
- Global financial crisis: Growth in US & better data from Europe boost confidence on recovery
Hedge funds increased bets on rising commodity prices to the highest since September on mounting confidence that growth in the US will stre...
- Greek parties agree on reforms & austerity deal; first step to secure bailout
Greek leaders clinched a longstalled deal on reforms and austerity measures, needed to secure a bailout and avoid a messy default.
- Gold up Rs 420, silver by Rs 1,400 on strong spot demand
Both gold and silver today gained on increased buying by stockists and jewellers for the marriage season amid a firming global trend
- Greece on a 'knife-edge' as bailout deadline nears: Evangelos Venizelos
Greek prime minister Lucas Papademos summoned political allies to an emergency meeting on Sunday after hours of negotiations with EU-IMF ba...
- European crisis, Iran row add to gold's rising appeal
Gold traders are most bullish in a month as Europe's debt crisis and increasing tensions over Iran drove the metal to its longest winning s...
Eurozone leaders seek to buy time as debt sales loomEuropean leaders return to work this week seeking to buy time for the Spanish and Italian governments to wrest control over their debt.
- 2011: A year of debt crises and downgrades for global economy
A mosaic of grey shades overshadowed the global economy in 2011 and the big brothers struggled to maintain even anaemic growth rates.
- Infosys sticks to FY'12 revenue guidance amid euro debt crisis
Country's second largest software exporter Infosys today retained its guidance of 17-19 per cent revenue growth in FY'12 notwithstanding th...
- Gold declines on reduced european debt concern
Mario Monti, was offered Italy's prime minister post, boosting confidence in the country's ability to cut the euro's 2nd-biggest debt.
- Euro collapse would be "catastrophic": Tony Blair
With the Eurozone crisis leading to the resignation of the PMs of Greece and Italy, Tony Blair said the collapse of the euro would be "cata...
- Rupee falls to 2.5 year low; stocks weigh
Rupee fell to its lowest levels in more than two & a half years as negative local shares weighed. Rupee may retest record low of 52.20/$, s...
- EU lining up emergency fund to stop ‘wolves’
European Union finance ministers pledged to stop a sovereign debt crisis from shattering confidence in the euro as they held an emergency s...
- Bleak economic outlook forecast for 2009 despite US hopes
European and Japanese officials on Monday warned the global downturn would worsen despite hopes that US president-elect Barack Obama could ...
- How the ECB sets interest rates for the eurozone
The ECB has been responsible for monetary policy in the 15 countries that share the euro starting in January 1999, and has an obligation to...
- Finance chiefs from Asia, Europe to debate global turbulence
Senior European and Asian financial officials will gather in South Korea this weekend to debate ways to tackle the global financial turmoil...
- ECB leaves rate at 4% as rise threatens growth
ECB shelved a planned rate increase last month after defaults on US subprime mortgages roiled world financial markets and pushed up credit ...