MercoPress https://en.mercopress.com/ South Atlantic News Agency en Copyright 2024, MercoPress. https://en.mercopress.com/web/img/en/mercopress-logo.gif MercoPress http://en.mercopress.com/ <![CDATA[IMF: US pull-back from stimulus could trigger reversal in capital flows and hurt developing countries]]> World global growth was trimmed for the fifth time by IMF The International Monetary Fund trimmed its global growth forecast for the fifth time since early last year due to a slowdown in emerging economies and the woes in recession-struck Europe. In its mid-year health check of the world economy, IMF also warned global growth could slow further if the pull-back from massive monetary stimulus in the United States triggers reversals in capital flows and crimps growth in developing countries.

]]>
Thu, 11 Jul 2013 06:43:00 GMT
<![CDATA[Fitch downgrades Italy’s debt rating; economy forecasted to contract 1.8% this year]]> PM Mario Monti’ technocrat government did not deliver all it was expected Ratings agency Fitch added to Italy's mounting problems this week by cutting its credit rating due to the political uncertainty after last week's election, deep recession and rising debt. Fitch lowered Italy's sovereign rating by one notch to BBB plus, with a negative outlook, raising the risk that its next ratings change will be a further downgrade.

]]>
Sun, 10 Mar 2013 11:29:00 GMT
<![CDATA[Italy fears knock world stock markets; US recovers on Bernanke’ defence of stimuli]]> Berlusconi and Grillo campaigning against austerity managed 55% of the vote World stock markets and southern European government bonds sank on Tuesday on fears that political stalemate in Italy would leave its economic reforms in tatters and reignite the Euro zone's broader debt crisis.

]]>
Wed, 27 Feb 2013 01:14:00 GMT
<![CDATA[“Support linked to competitiveness” Merkel tells the EU members]]> The Germany chancellor once again draws the line (Photo: Reuters) European leaders agreed on Friday to press on with further steps to tackle their debt crisis but German Chancellor Angela Merkel threw out a proposal to boost risk-sharing with a fund to help Euro zone states in trouble.

]]>
Sat, 15 Dec 2012 06:15:00 GMT
<![CDATA[IMF questions plan to restructure Greek debt: “pls reality, not wishful thinking”]]> Christine Lagarde cuts short Asian visit to face European leaders An agreement among Greece's international creditors on reducing its large debt pile should be "rooted in reality and not in wishful thinking," the head of the International Monetary Fund said ahead of a tense meeting with European leaders.

]]>
Sat, 17 Nov 2012 23:09:00 GMT
<![CDATA[India/Brazil with highest government debt/GDP ratios among leading emerging economies]]> The report indicates that G7 countries average debt/GDP ratio has soared from less than 80% to over 110% since 2000 India and Brazil have the highest government debt ratios at almost 70% of GDP among top ten emerging market economies, according to a report by Deutsche Bank.

]]>
Wed, 31 Oct 2012 20:51:00 GMT
<![CDATA[Protestors clash with riot police as Spain discusses 2013 budget and more austerity]]> Barricades and 1.500 riot police protected Parliament in the heart of Madrid Protesters clashed with police in Spain's capital as the government prepares a new round of unpopular austerity measures for the 2013 budget that will be announced on Thursday.

]]>
Wed, 26 Sep 2012 01:08:00 GMT
<![CDATA[IMF showed strong support for ECB new framework in support of the Euro]]> Managing Director said IMF stands ready to cooperate Managing Director Christine Lagarde of the International Monetary Fund (IMF) showed strong support of the European Central Bank's new framework for intervention in the Euro zone debt crisis, deeming Thursday’s action 'an important step toward strengthening stability and growth.'

]]>
Fri, 07 Sep 2012 06:04:00 GMT
<![CDATA[ECB bond-buying scheme announcement boosts world markets]]> Italy and Spain relieved after ECB president Mario Dragui words  Asian shares looked set for their biggest daily gain in nearly five weeks on Friday after the European Central Bank outlined its bond-buying scheme to help calm the Euro zone's debt crisis, while firm US data fed speculation of a strong jobs report later in the day.

]]>
Fri, 07 Sep 2012 05:41:00 GMT
<![CDATA[Spain to the mercy of markets and with little signs of recovery]]> PM Rajoy met with European Council president Van Rompuy (L) Spain’s recession worsened in the second quarter as the government’s austerity push to reduce the Euro area’s third-biggest budget deficit and a slump in consumer spending offset growth in exports.

]]>
Wed, 29 Aug 2012 02:22:00 GMT