Bank of England Governor Mervyn King defended policy makers’ decision to hold interest rates at a record low as he noted risks to the economic recovery from the sovereign-debt crisis in the euro area.
BusinessWeek.com — Finance
The International Monetary Fund said Spain must step up efforts to reform its economy as Europe’s sovereign debt crisis threatens to damp growth.
BusinessWeek.com — Finance
The International Monetary Fund said Spain must step up efforts to reform its economy as Europe’s sovereign debt crisis threatens to damp growth.
BusinessWeek.com — Finance
China faces the risk of a “hard landing” after 2013 as efforts to boost growth through investment lead to excess capacity, said Nouriel Roubini, the New York University professor who predicted the financial crisis.
BusinessWeek.com — Finance
The Bank of Korea will weigh an interest-rate increase tomorrow as swelling household debt and weakness in the global economy pose threats to growth.
BusinessWeek.com — Finance
American International Group Inc.’s prospects for boosting its share price may be limited by pressure on investments and concerns about the sufficiency of insurance reserves, Goldman Sachs Group Inc. said.
BusinessWeek.com — Finance
Bank of England policy makers voted 6-3 to keep interest rates on hold this month as the majority warned that tightening policy now could dampen consumer spending and hamper the recovery.
BusinessWeek.com — Finance
Chancellor Angela Merkel faces a gathering storm in her coalition over Germany’s share of euro- area rescues, threatening to undermine her ability to make concessions on additional help for Greece.
BusinessWeek.com — Finance
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