The International Monetary Fund on Tuesday raised its projection of growth in the U.S. gross domestic product to 2.1 percent this year and 2.4 percent next year, from 1.7 percent in 2011.
The Spaniard got further recognition when he helped his team demolish Manchester United last month in the Europa League.
Spanish sovereign bond yields edged above 6 percent on Monday as investors grew wary of the government's continued struggles to reduce the deficit and improve labor market competitiveness.
Chelsea’s Billionaire Russian owner Roman Abramovich has drawn up an eleven man shopping list for the Blues this summer and will effectively hand over the list to the new manager the Blues will look to appoint at the end of the season.
Heavy weapons fire echoed through the capital of Guinea-Bissau Thursday, witnesses said, and soldiers surrounded the residence of former Prime Minister Carlos Gomes Junior, the frontrunner in a presidential election.
Risky assets rose on moderate volume and moderately bad news Thursday, as investors seemed to be placing a paradoxical bet that a slowdown in economic growth would jolt the U.S. central bank into action -- inflating the prices of stocks, commodities and other assets -- while at the same time assuming the slowdown would not be so harsh as to throw the current recovery completely off track.
After ending exports to Spain and Greece, Iran continued with its counter-sanctions against the European Union on Wednesday by cutting oil exports to Germany.
Oil prices at record levels in euro terms are threatening to rock the euro zone's economy more than might be expected, with those countries least capable of riding out a shock being the worst hit.
Fears of a partial breakup of the euro zone are already causing deposit flight from banks in Portugal, Italy, Ireland, Greece and Spain said Jens Nordvig, head of fixed-income research at Nomura Holdings.
It may be cold comfort for countries on the euro zone's southern periphery mired in recession, but they are making clear strides by some measures towards putting their economies on a sounder long-term footing.
Spanish borrowing costs Thursday hit their highest levels since before the European Central Bank launched two massive liquidity injections to keep the euro zone's financial system from freezing up.
Gold inched higher on Thursday after falling to a near three-month low the previous day as weaker prices tempted some buyers, but gains were capped by a stronger dollar and fading hopes for a fresh round of monetary stimulus in the United States.
European Central Bank President Mario Draghi dismissed a German-led push for the bank to start planning a retreat from emergency crisis-fighting, but stressed it was keeping a close eye on price pressures.
Last year we woke up to headlines involving the home of the Acropolis and one of the worst debt situations in recent history – Greece.
Stocks tumbled on Wednesday as investors digested minutes from the latest Federal Reserve meeting published Tuesday suggesting further monetary stimulus action is unlikely.
The European Central Bank held interest rates at a record low of 1 percent on Wednesday, resisting German pressure to flag an exit from its crisis-fighting mode while support measures take full effect and support an increasingly shaky recovery.
Wall Street stocks were looked likely to open lower open on Wednesday, despite good private sector payrolls data, as investors digested minutes from the latest Federal Reserve meeting published Tuesday suggesting further monetary stimulus action is unlikely.
Investors re-adjusted their value calculations for risky assets on Tuesday, selling off stocks, bonds and all manner of commodity futures after the Federal Reserve released minutes from the most recent meeting of its rate-setting committee. The minutes strongly suggested that the U.S. central bank was backing away from the possibility of further monetary easing in the short-run, including any kind of quantitative easing.
Ongoing fiscal troubles in the 17-state currency area have cut share prices of numerous European companies, making them attractive to suitors from abroad.
Jurre Hermans, an 11-year-old boy from the Netherlands, has astounded economists by offering a simple solution to the problem of Greek solvency in the European Union. He has been awarded a special mention for the prestigious Wolfson Economics Prize. Five shortlisted entrants have also been announced.
Royal Bank of Canada (TSE:RY), the country's largest bank, said Tuesday it will acquire the 50 percent of RBC Dexia Investor Services Ltd. it does not already own from its joint-venture partner Banque Internationale à Luxembourg S.A. for C$1.1 billion ($1.1 billion) in cash.
Spain's debt levels will jump to their highest since at least 1990 this year as the economy sinks into recession and borrowing costs rise.
