China hacked US Chamber of Commerce: WSJ
December 22, 2011
Hackers in China broke through the computer defenses of the US Chamber of Commerce last year and were able to access information about its operations and its 3 million members, the Wall Street Journal reported on Wednesday.
Huge demand for ECB’s three-year loans
December 22, 2011
Eurozone banks have rushed to take out cheap three-year loans offered by the European Central Bank, borrowing 489bn euros ($643bn; £375bn).
Prosecutors raid the HQ of Olympus in earnings probe
December 21, 2011
Japanese prosecutors have raided the headquarters of camera and medical equipment maker Olympus as part of an ongoing investigation.
ECB chief Mario Draghi plays down eurozone warning
December 20, 2011
The president of the European Central Bank (ECB), Mario Draghi, has said he has “no doubts” about the euro’s ability to survive the current crisis.
Japan’s finance minister prepared to take action on yen
October 24, 2011
Japan is prepared to take action in the foreign exchange market to stem the rising yen currency, according to its finance minister.
China’s major banks losing deposits
September 24, 2011
Deposits are flowing out of China’s major state-owned banks as high inflation and low interest rates prompt savers to seek better returns in the private lending market, state media said Thursday.
Federal Reserves launches ‘Twist’ stimulus initiative
September 22, 2011
Wall Street tumbled after the Federal Reserve launched its long-awaited Operation Twist scheme to help stimulate the flagging US economy.
Greece bailout: European Union troika making ‘progress’
September 21, 2011
Talks to avert a financial meltdown in Greece have made “good progress”, the European Commission has announced.
Obama unveils plans to cut US deficit
September 20, 2011
US President Barack Obama has outlined plans to reduce the US deficit and to kick-start economic growth.
Greece ‘should not be eurozone debt crisis scapegoat’
September 19, 2011
Greece should not be the “scapegoat” for the debt crisis in the eurozone, the country’s Finance Minister, Evangelos Venizelos, has said.