Bankia’s failure to face reality brings back crisis

In July last year, Bankia held a ceremony in the…

Merkel urges Athens to stick to reforms

German chancellor Angela Merkel Angela Merkel, Germany’s chancellor, warned Athens…

‘Madonna generation’ in vogue at work

A “Madonna generation” of women aged over 50 has fared…

Japan offers $60bn to boost IMF firepower

Japan is to give $60bn to the International Monetary Fund’s…

Deutsche Bank tapped ECB for up to €10bn

Deutsche Bank took as much as €10bn of European Central…

Greek debt swap support close to 95%

©AFP Graffiti in Athens depicts the euro as a mechanical…



Chinese

Chinese wine

“Would you like the Great Wall Terroir with your sea cucumber, sir? Or may I recommend the Chateau Sungod?” Oenophiles in China might hear that muffled bit of…

China property prices extend decline

Home prices in China continued to fall in April, more than two years after the government began property tightening measures, an indication that prospects for a rebound remain…

Asian equities: signs of maturing

Asian equities: signs of maturing

Markets to People’s Bank of China: is that all? China’s weekend credit easing – the central bank reduced the amount of cash that banks must hold as reserves,…

China’s investment boom starts to unravel

China’s investment boom starts to unravel

©Reuters In an unguarded moment in 2007, the man anointed to take over next year as the helmsman of the world’s second-largest economy revealed his doubts about China’s…

China, Japan and S Korea to discuss free trade

BEIJING, May 13 – Chinese premier Wen Jiabao urged northeast Asian powers to co-operate more in the face of global economic headwinds, as China, Japan and South Korea…

Indian

India’s growth threatened by old abuses

During a recent breakfast with an investor visiting Mumbai from a large western fund, the conversation quickly turned to the question of the moment: what ails India? These…

India inflation climbs higher

Inflation in India has picked up again, delivering a blow to the hopes of Indian business leaders’ that the country’s central bank would further cut interest rates. The…

India’s industrial output drops

India’s industrial output has contracted for the first time in five months, in the latest sign that the sovereign debt crisis in Europe and slowing consumer demand at…

India to boost exports with subsidies

India is set to reintroduce incentives to revive the country’s flailing export sector in a fresh attempt to boost its slowing economy and rein in a rapidly widening…

RBI moves to prop up the rupee

India’s central bank intervened on Thursday to prop up the rupee a day after the struggling currency had fallen to its lowest ever rate against the dollar. The…

Clinton warns India over Iranian oil

Hillary Clinton, US secretary of state, urged India to do more to reduce its oil imports from Iran, as part of Washington’s continuing efforts to curb Tehran’s nuclear…

Europe

G8 makes progress on growth agenda

G8 makes progress on growth agenda

©Reuters Leaders of the G8 leading economies are making progress on addressing one of the…

Posen to step down from Bank of England

Adam Posen, the vocal external member of the Monetary Policy Committee, will step down from…

Hollande holds line on tax and troops

François Hollande has told David Cameron he will not reverse his pre-election commitments to push…

UK fears sound of a Greek exit

A second Greek election called, accelerating deposit withdrawals from Greek banks and a hardline stance…

Briton to head development bank

Briton to head development bank

©FT A senior British civil servant will be the next president of the European Bank…

Spain’s pain becomes Europe’s big fear

Spain’s pain becomes Europe’s big fear

Greece no longer holds the dubious honour of being centre stage in the eurozone crisis.…

Time to end ‘Camerkozy’ economics

Britain is in recession. More than half of young Spaniards are out of work. The…

G8 leaders urged to focus talks on growth

G8 leaders urged to focus talks on growth

Barack Obama says the G8 meeting of the world’s leading economies will focus on ways…

Middle Eastern

Arab spring needs aid to succeed, says Osborne

George Osborne. the UK’s chancellor of the exchequer, warned on Friday that the push for democracy in Arab spring countries could…

Islamists in tune with west over economy

One of the significant realignments resulting from the Arab spring is the growing warmth between western policy makers and Egypt’s Muslim…

Iran’s leader must choose between enmity and economy

Diplomacy is reclaiming a role in Iran’s nuclear drama, but little attention is being paid to a conflict of interests that…

Iran’s power struggle surfaces over talks

A close ally of Mahmoud Ahmadi-Nejad has criticised the Islamic regime’s nuclear talks with world powers in a sign of the…

Iraq faces uphill battle to rebuild

A Turkish welder’s torch flashed brilliantly into life as Falah al-Sayegh strode through his building site, telling how it would one…