AP - Germany's government on Wednesday adopted an overhaul of the financial system that proposes an orderly way to restructure ailing banks and requires all banks to contribute to a bailout fund to ward off future crises.
Published News » Business
German government adopts plans for bank levy (AP)
Posted by admin 4 days ago (http://us.rd.yahoo.com)Spain revises Q2 growth figure upward (AP)
Posted by admin 4 days ago (http://us.rd.yahoo.com)
AP - Spain says its economy contracted at an annual rate of 0.1 percent in the second quarter, less than the initial estimate of a 0.2 percent decline.
EU prods China for faster yuan rise: G20 draft (Reuters)
Posted by admin 4 days ago (http://us.rd.yahoo.com)
Reuters - This story does not carry a dateline to protect the identity and location of a source. (Reuters) - The European Union thinks China has made only limited progress in allowing its yuan currency to move more rapidly, and swifter action would help safeguard a fragile economic recovery, according to a draft G20 document obtained by Reuters on Saturday.
British Q2 economic growth revised up to 1.2 pct (AP)
Posted by admin 6 days ago (http://us.rd.yahoo.com)
AP - A government agency says Britain's economy grew by 1.2 percent in the second quarter, higher than the preliminary estimate of 1.1 percent released a month ago.
European stocks drop ahead of US data (AFP)
Posted by admin 6 days ago (http://us.rd.yahoo.com)
AFP - Europe's main stock markets fell on Friday as investors digested robust British growth data and awaited output figures from the United States amid fears of a double-dip recession.
British economy steams ahead but derailment looms (AFP)
Posted by admin 6 days ago (http://us.rd.yahoo.com)
AFP - Britain's economy grew at its fastest pace for nine years in the second quarter as construction soared, official data showed on Friday, but it faces a difficult future as spending cuts and tax hikes bite.
German budget deficit jumps to 3.5 pct in 1st half (AP)
Posted by admin 9 days ago (http://us.rd.yahoo.com)
AP - Germany's deficit rose sharply to 3.5 percent of economic output in the first half of 2010, putting it on track to break EU budget rules due to the costs of the global economic and financial crisis, official data showed Tuesday.
Summary Box: German budget deficit jumps (AP)
Posted by admin 9 days ago (http://us.rd.yahoo.com)
AP - SHARP RISE: Germany's deficit jumped to 3.5 percent of economic output in the first half of 2010. That puts it on track to break EU budget rules due to the costs of the global economic and financial crisis.
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