Janet Henry News
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Euro-area services shrank more than initially estimated in August, adding to signs the 17-nation economy has slipped into a recession.
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“Cascading default, bank runs and catastrophic risk” lie ahead for the world economy unless Europe resolves its festering debt crisis, Timothy F. Geithner told global finance chiefs on the morning of Sept. 24.
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Bank of England official Simon Wells, who led a team analyzing British economic data, resigned to join HSBC Holdings Plc, two people with knowledge of the matter said.
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Investors betting against the euro- area surviving its debt crisis in one piece may be overlooking one thing: the will of politicians to hold it together.
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Greek Prime Minister George Papandreou’s victory in a confidence vote bolsters his new government’s chances of pushing through austerity measures to secure further international financial aid for the country.
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Greek Prime Minister George Papandreou’s victory in a confidence vote bolsters his new government’s chances of pushing through austerity measures to secure further international financial aid for the country.
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Bank of England officials may edge close to reactivating emergency bond purchases today as they gauge whether budget cuts and a European debt crisis warrant the first increase in stimulus in two years.
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Greek Prime Minister George Papandreou’s victory in a confidence vote bolsters his new government’s chances of pushing through austerity measures to secure further international financial aid for the country.
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Greece moved closer to sealing the biggest sovereign restructuring in history as investors indicated they’ll participate in the nation’s debt swap.
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Irish Finance Minister Michael Noonan’s forecast for faster economic growth this year may prove too optimistic, according to a Bloomberg News survey.
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