ECONOMY & MARKETS

Greece

A 3rd Bailout For Greece May Be Needed: PM

Greece will do everything possible to make a third adjustment program unnecessary, Lucas Papademos told an Italian business daily. Having said that, markets may not be accessible by Greece even if it has implemented fully all measures agreed on.
More news
a

European Financial Crisis Provides Scary Lesson For The World

The perception, driven by bonds' performance, that the euro's success would continue unabated was shattered beginning in October 2009, when Greece’s 10-year yields soared to 10.3 percent. Today, U.S. policymakers may be making the same mistake in failing to recognize threats of a coming financial crisis.
Aung San Suu Kyi

Myanmar: A Nation At A Crossroads

Myanmar is eager to rev up its economy with the hard currency that comes with foreign tourists, but officials question just how far to open the doors.
A logo of Germany's Commerzbank is seen in bright sunshine next to the headquarters of the bank in Frankfurt

German Unemployment Rate Hits Lowest Level in Two Decades

German unemployment rate fell to a record low in March, in contrast to many other nations in the eurozone which suffer from rising unemployment levels, while also showing evidence that growth in the Europe’s largest economy is picking up.
A man stands next to a globe displaying international stock market prices at the London Stock Exchange in the City of London

G-7 Recovery ‘Decoupling’ Between Europe, North America: OECD

Economic recovery in Europe and North America is diverging and remains fragile, as Canada and the United States experience steady growth and European economies continue to falter, a report by the Organization for Economic Cooperation and Development said Thursday.
IBTimes Logo

US Futures Down Ahead of GDP, Jobs Data

Futures on major US stock indices point to a lower opening on Thursday ahead of economic data including final estimates for fourth quarter GDP and initial jobless claims.
IBTimes Logo

CafePress Announces IPO At $19 Per Share

E-commerce website CafePress said on Tuesday it will raise $85.5 million through the initial public offering of 4.5 million common stock shares, priced $19 apiece.
IBTimes Logo

Asian Markets Dip On U.S., China Growth Worries

Asian shares eased for a second day in a row Thursday, as investors limited their risk exposures on concerns about growth prospects in the world's two largest economies, the United States and China.
European Drinking Habits

WHO: Europeans Named The World's Heaviest Drinkers

People in Europe drink more alcohol than in any other part of the world, downing the equivalent of 12.5 litres of pure alcohol a year or almost three glasses of wine a day, according to report by the World Health Organisation and the European Commission.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.