ECONOMY & MARKETS

IBTimes Logo

European Shares Hit Fresh Two-Year Low on Debt Fears

European shares fell again Tuesday morning, hitting a fresh two-year low for the second straight session as investors worried policymakers had no plan to stem the euro zone debt crisis, which could see Greece default.

S.Africa rand steadies after sharp fall, bonds mixed

IBTimes Logo
South Africa's rand steadied against the dollar on Tuesday after falling more than 2.6 percent overnight, while bonds also recouped some losses although local assets remained vulnerable to renewed global risk aversion.
More news
Protester holds giant Greek national flag in front of parliament building during rallyn in Athens' Syntagma square

Greek Money Running Out Amid Opposition to Tax Hike

Greek workers threatened on Monday to sabotage a new property tax decided by the government as a last-ditch effort to please international lenders, ignoring warnings that Athens will run out of cash next month.
Morticians prepare a body at the Lastel corpse hotel in Yokohama, south of Tokyo, September 10, 2011. Death is a rare booming market in stagnant Japan and the Lastel corpse hotel, where bereaved families can check in their dead while they wait their turn

Death Industry Reaps Grim Profit as Japan Dies

Across from a noodle shop in a Yokohama suburb, Hisayoshi Teramura's inn looks much like any other small lodging that dots the port city. Occasionally, it's even mistaken for a love hotel by couples hankering for some time beneath the sheets.
IBTimes Logo

U.S. Stock Futures Down as Week Begins

Stock futures pointed to sharp falls for equities on Monday after tumbling in the previous session following the resignation of a top official at the European Central Bank, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 1.6 to 1.9 percent.
IBTimes Logo

Greek Government Announces New Tax Hikes

Greece has announced a new set of severe measures to meet deficit reduction targets and stamp out speculation that it will be expelled from the European single-currency zone.
IBTimes Logo

Japan Manufacturing Mood Improves, Outlook Dims

Big Japanese manufacturers turned optimistic in the third quarter following a rapid recovery in output after the deadly March 11 earthquake and tsunami, but scaled back forecasts for the months ahead on the yen's strength and as global slowdown looms.
IBTimes Logo

Zimbabwe Still Talking with Foreign Miners

Zimbabwe is in talks with mining firms that have requested more time to table their plans to transfer majority ownership in their local operations to black investors in the country, the state-run Herald newspaper said on Friday.
IBTimes Logo

Analysis: Global Slowdown Silences Asia's Inflation Hawks

The global economic slowdown has brought emerging Asia's rate-hiking cycle to a premature pause and the next step could be easing if the United States slides into a recession or Europe's debt troubles spawn a full-blown financial crisis.
IBTimes Logo

European Markets Continue Slide

European shares kept falling Friday, with investors disappointed on U.S. stimulus measures, and banks lower after Goldman Sachs downgraded target prices across the sector.
Britain's Chancellor of the Exchequer, Osborne and IMF Managing Director Lagarde speak to each other at Chatham House in central London

IMF Chief Says Policymakers Should Use All Measures

Policymakers in advanced economies should use all available tools to boost growth, International Monetary Fund Managing Director Christine Lagarde said on Friday, calling for bold action to weather a dangerous new phase of recovery.
IBTimes Logo

European Markets Start Trading Day Down

European shares fell early on Friday, tracking Wall Street's Thursday losses, after U.S. Federal Reserve chairman Ben Bernanke gave no indications of new stimulus measures.

China Inflation Cools; Monetary Tightening Put Off

China's inflation pulled back in August from a three-year high, underlining expectations that price pressures have peaked and the central bank can hold off on further tightening of monetary policy in the face of a global economic slowdown.
U.S. President Obama arrives to address a joint session of Congress on Capitol Hill in Washington

Analysis: Obama Jobs Plan Reinvigorates Growth Outlook

President Barack Obama's jobs package could lift economic growth by one to three percentage points in 2012, add well over one million jobs and lower the unemployment rate by at least half a percentage point, judging by early estimates.
IBTimes Logo

Deutsche Boerse Says no Squeeze-out in NYSE Deal

Deutsche Boerse late on Thursday said shareholders in the Frankfurt-based exchange operator who had not yet tendered their stock as part of the NYSE Euronext deal, would not be forced to do so as part of a so-called squeeze-out.
France's Finance and Economy Minister Francois Baroin

Economic Gloom Piles Pressure on G7 Finance Talks

G7 finance chiefs meet on Friday under heavy pressure to take action over flagging growth in rich nations and calm the biggest confidence crisis to hit the global economy since the 2007-09 credit crunch.
IBTimes Logo

Australia's Westfield eyes Toronto development

Australian mall developer Westfield Group is looking at a possible investment in a waterfront site in Toronto, Canada, the company said on Thursday, after recently announcing expansions plans in Europe and South America.
IBTimes Logo

TSX shows little conviction before Obama speech

Toronto's main stock market index edged higher in cautious action on Thursday morning following weak U.S. jobs data and ahead of a speech by U.S. President Barack Obama detailing his plan for job creation.
IBTimes Logo

EU Chamber: China market barriers grow for EU business

A decade after its World Trade Organisation accession, China has increased some discriminatory policies on foreign businesses, a European business lobby said on Thursday, casting doubt on official pledges to level the playing field.
Platinum bar

Zimbabwe Leaning on Foreign-Owned Mining Companies

Zimbabwe's government is threatening more than 50 foreign-owned mining companies with the loss of their licenses after they allegedly failed to submit acceptable indigenisation and empowerment plans.
IBTimes Logo

Venezuela to Produce 1.2 Metric Tons of Gold in '11

Venezuela's state gold miner Minerven expects to produce 1.2 tonnes of the precious metal this year, rising to 4.5 tonnes in 2012 as it takes a central role in the nationalization of the sector, state media said on Thursday.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.