http://www.mail.com/subjects/1380-financial-crisis.html Mail.com - the best personalized free web-based Email en en http://sec-s.uicdn.com/mail.com/2.28/img/mailcom_logo_rss.png http://www.mail.com/subjects/1380-financial-crisis.html http://www.mail.com/business/economy/2090436-merkel-hollande-odds-europes-way-forward.html BERLIN (AP) — Germany and France recognize that their cooperation is key to overcoming Europe's persistent economic crisis, but comments Thursday by the leaders of the continent's No. 1 and 2 economies suggested they still have diverging priorities. French President Francois Hollande argued that the 17-nation eurozone should integrate more, calling for gr... Thu, 16 May 2013 17:55:11 GMT http://www.mail.com/business/economy/2090436-merkel-hollande-odds-europes-way-forward.html 2013-05-16T17:55:11Z http://www.mail.com/business/economy/2089872-greek-strikes-halt-air-travel.html ATHENS, Greece (AP) — Flights in Greece were halted for four hours Thursday as the country's two largest labor unions staged work stoppages to protest austerity measures and a government decision to cancel a teachers' strike. Flights resumed after being grounded between 12:00 and 4:00 p.m. (0900-1300 GMT), when air traffic controllers joined the protest c... Thu, 16 May 2013 17:08:07 GMT http://www.mail.com/business/economy/2089872-greek-strikes-halt-air-travel.html 2013-05-16T17:08:07Z http://www.mail.com/business/finance/2089204-zealand-to-sell-stake-2nd-power-company.html WELLINGTON, New Zealand (AP) — New Zealand will sell a minority stake in a second power company this year as part of a plan to balance its books. The government on Thursday announced it plans to list state-owned Meridian Energy on the stock market by the end of the year. Last week, the government raised 1.7 billion New Zealand dollars ($1.4 billion) by se... Thu, 16 May 2013 03:57:58 GMT http://www.mail.com/business/finance/2089204-zealand-to-sell-stake-2nd-power-company.html 2013-05-16T03:57:58Z http://www.mail.com/business/economy/2086774-eurozone-recession-longest-currency-bloc.html PARIS (AP) — The eurozone is now in its longest ever recession — a stubborn slump that has surpassed even the calamity that hit the region in the financial crisis of 2008-2009. The European Union statistics office said Wednesday that nine of the 17 EU countries that use the euro are in recession, with France a notable addition to the list. Overall, the eu... Wed, 15 May 2013 19:37:01 GMT http://www.mail.com/business/economy/2086774-eurozone-recession-longest-currency-bloc.html 2013-05-15T19:37:01Z http://www.mail.com/business/economy/2087232-bank-england-sees-modest-sustained-recovery.html LONDON (AP) — The Bank of England predicted a modest and sustained economic recovery for Britain on Wednesday, but tempered hope that the worst might be over with predictions that inflation will remain above its targets for the next two years. In presenting the central bank's quarterly inflation report, Governor Mervyn King offered a twinkling of optimism... Wed, 15 May 2013 17:04:14 GMT http://www.mail.com/business/economy/2087232-bank-england-sees-modest-sustained-recovery.html 2013-05-15T17:04:14Z http://www.mail.com/business/finance/2084146-fitch-upgrades-greeces-credit-rating.html ATHENS, Greece (AP) — Debt-hobbled Greece got a new morale boost Tuesday, with Fitch ratings agency upgrading its sovereign credit grade, a day after the country's European creditors backed the release of a new rescue loan payment. However, the one-notch upgrade from CCC to B- still leaves Greece's government debt six levels deep in junk status — that is,... Tue, 14 May 2013 18:12:44 GMT http://www.mail.com/business/finance/2084146-fitch-upgrades-greeces-credit-rating.html 2013-05-14T18:12:44Z http://www.mail.com/business/finance/2083730-eu-to-shift-bill-bank-failures-to-creditors.html BRUSSELS (AP) — European Union governments want to shift the cost of rescuing troubled banks from taxpayers to the banks' creditors — including the holders of large deposits— as part the region's plan to shore up its shaky financial system. Finance ministers from the 27-country bloc meeting in Brussels on Tuesday sought to hammer out the new rules on how ... Tue, 14 May 2013 17:12:47 GMT http://www.mail.com/business/finance/2083730-eu-to-shift-bill-bank-failures-to-creditors.html 2013-05-14T17:12:47Z http://www.mail.com/business/finance/2082940-poll-favorable-views-eu-sharp-decline.html BRUSSELS (AP) — Positive views of the European Union by its citizens are near all-time lows. And no EU country is plunging faster into the abyss of gloom than France. Germans are broadly perceived as being the most trustworthy Europeans — but also the least compassionate. Britons, often seen as deeply skeptical of the benefits of EU membership, are in fact split right down t... Mon, 13 May 2013 22:07:03 GMT http://www.mail.com/business/finance/2082940-poll-favorable-views-eu-sharp-decline.html 2013-05-13T22:07:03Z http://www.mail.com/business/economy/2081578-euro-ministers-urge-troubled-slovenia-to.html BRUSSELS (AP) — European finance ministers on Monday urged Slovenia to move swiftly in addressing the problems in its banking sector and get its public finances under control in a bid to avoid the nation from becoming the bloc's sixth member to require a bailout. "The Slovenian government has to take swift and decisive action," said Jeroem Dijsselbloem, w... Mon, 13 May 2013 20:10:48 GMT http://www.mail.com/business/economy/2081578-euro-ministers-urge-troubled-slovenia-to.html 2013-05-13T20:10:48Z http://www.mail.com/news/world/2081232-europe-odds-steps-to-banking-union.html BERLIN (AP) — European leaders are increasingly at odds over how to create a full-fledged banking union, the bloc's key project to stabilize its financial system and turn the tide in its stubborn debt crisis. A majority of the 17 countries in the European Union's common euro currency union want to swiftly create a central banking regulator as well as an a... Mon, 13 May 2013 19:41:31 GMT http://www.mail.com/news/world/2081232-europe-odds-steps-to-banking-union.html 2013-05-13T19:41:31Z http://www.mail.com/business/finance/2081416-greece-uses-emergency-power-striking-teachers.html ATHENS, Greece (AP) — The Greek government said Monday it will use emergency powers to prevent protesting teachers from disrupting university entrance exams this month. Civil servants' unions retaliated by calling a 24-hour strike for Tuesday. It is the third time this year that the conservative-led coalition government has used the emergency civil mobili... Mon, 13 May 2013 17:29:48 GMT http://www.mail.com/business/finance/2081416-greece-uses-emergency-power-striking-teachers.html 2013-05-13T17:29:48Z http://www.mail.com/business/economy/2081966-danone-to-acquire-us-baby-food-maker-happy-family.html PARIS (AP) — French yogurt maker Danone says it has agreed to take a more than 90-percent stake in organic baby food maker Happy Family. Although Danone is known for its yogurt, baby food is one of its fastest-growing divisions. Revenue there rose more than 15 percent last year. But with Europe's economic crisis hitting sales hard in markets close to home... Mon, 13 May 2013 15:30:36 GMT http://www.mail.com/business/economy/2081966-danone-to-acquire-us-baby-food-maker-happy-family.html 2013-05-13T15:30:36Z http://www.mail.com/news/world/2080144-partys-withdrawal-threatens-moroccan-govt.html RABAT, Morocco (AP) — Morocco's second largest political party has announced it is withdrawing from the Islamist-led government elected during the Arab Spring and leaving its fate up to the king, a party spokesman said Sunday. The move by Istiqlal is the first time in Morocco that a party has withdrawn from a ruling coalition. It is now up to King Mohamme... Sun, 12 May 2013 16:16:04 GMT http://www.mail.com/news/world/2080144-partys-withdrawal-threatens-moroccan-govt.html 2013-05-12T16:16:04Z http://www.mail.com/news/world/2078944-pro-berlusconi-rally-italy-draws-cheers-jeers.html ROME (AP) — Thousands of supporters of former Premier Silvio Berlusconi rallied in a northern Italian city Saturday to protest the media mogul's recent conviction by a Milan appeals court for tax fraud, cheering their hero as police in riot gear separated them from jeering opponents. The backers turned out for the "Everyone for Silvio" rally by his Freedo... Sat, 11 May 2013 18:23:35 GMT http://www.mail.com/news/world/2078944-pro-berlusconi-rally-italy-draws-cheers-jeers.html 2013-05-11T18:23:35Z http://www.mail.com/business/economy/2076588-bernanke-fed-increasing-financial-monitoring.html WASHINGTON (AP) — The Federal Reserve has broadened its oversight beyond banks and now monitors a wide-range of financial institutions that could hasten another financial crisis, Chairman Ben Bernanke said Friday. Bernanke said the Fed is still monitoring banks and other systematically important financial institutions. But it has widened its scope to incl... Fri, 10 May 2013 15:57:22 GMT http://www.mail.com/business/economy/2076588-bernanke-fed-increasing-financial-monitoring.html 2013-05-10T15:57:22Z http://www.mail.com/news/world/2076332-nkorea-nuke-arsenal-matter-when.html SEOUL, South Korea (AP) — For 20 years, fears about North Korea's headlong pursuit of nuclear bombs have been deflected by admonishments not to overestimate an impoverished dictatorship prone to bragging and tantrums. Not anymore. After three nuclear tests of apparently increasing power and a long-range rocket launch that puts it a big step closer to havi... Fri, 10 May 2013 15:04:00 GMT http://www.mail.com/news/world/2076332-nkorea-nuke-arsenal-matter-when.html 2013-05-10T15:04:00Z http://www.mail.com/business/finance/2074026-stocks-pull-record-levels-wall-street.html NEW YORK (AP) — The stock market pulled back from record levels Thursday as investors became harder to please. Even a decline in the number of Americans applying for unemployment benefits failed to give stock prices a boost. Markets drifted lower in early trading, moved between gains and losses in the afternoon, then ended slightly lower. The Standard & P... Thu, 09 May 2013 21:28:58 GMT http://www.mail.com/business/finance/2074026-stocks-pull-record-levels-wall-street.html 2013-05-09T21:28:58Z http://www.mail.com/business/economy/2073770-cyprus-limits-money-flows.html NICOSIA, Cyprus (AP) — Cyprus will keep limits on money transfers and withdrawals until it is more confident that its ailing banks will not face a run, the central bank's chief said Thursday. Panicos Demetriades said the Central Bank of Cyprus wants to eliminate these controls as soon as possible, but it has to first make sure that trust in the banks has ... Thu, 09 May 2013 14:45:59 GMT http://www.mail.com/business/economy/2073770-cyprus-limits-money-flows.html 2013-05-09T14:45:59Z http://www.mail.com/business/economy/2073260-greece-economic-recovery-sight.html ATHENS, Greece (AP) — Greece's recession-wracked economy should start recovering next year and its sky-high unemployment rate should edge lower from the end of 2014, the finance minister said in an interview broadcast Thursday. Speaking on state-run NET television, Yannis Stournaras said Greece could be in a position to return to the international bond ma... Thu, 09 May 2013 10:10:53 GMT http://www.mail.com/business/economy/2073260-greece-economic-recovery-sight.html 2013-05-09T10:10:53Z http://www.mail.com/business/economy/2070852-spain-claims-reforms-to-pay.html MADRID (AP) — The Spanish government claims its austerity measures and reforms are paying off. Conservative Prime Minister Mariano Rajoy told Parliament on Wednesday that Spain was no longer close to a financial abyss and the threat of needing a bailout had receded. Rajoy said his policies were "beginning to work," though he said much remained to be done.... Wed, 08 May 2013 09:32:46 GMT http://www.mail.com/business/economy/2070852-spain-claims-reforms-to-pay.html 2013-05-08T09:32:46Z http://www.mail.com/business/economy/2069976-ny-officials-vow-attack-predatory-debt-fixing.html NEW YORK (AP) — Federal authorities announced a crackdown Tuesday on predatory businesses that cheat "desperate and vulnerable" people harmed by the 2008 financial crisis with phony promises to consolidate their debt. U.S. Attorney Preet Bharara told a news conference that charges were brought against the owner and three employees of a New York company th... Tue, 07 May 2013 23:47:25 GMT http://www.mail.com/business/economy/2069976-ny-officials-vow-attack-predatory-debt-fixing.html 2013-05-07T23:47:25Z http://www.mail.com/business/finance/2068506-stock-market-milestone-dow-15000.html NEW YORK (AP) — The Dow Jones industrial average punched through another milestone Tuesday, closing above 15,000 for the first time just two months after recovering the last of its losses from the 2008 financial crisis. Good economic reports, strong corporate earnings and fresh support from central banks helped ease investor concerns about another economi... Tue, 07 May 2013 23:06:20 GMT http://www.mail.com/business/finance/2068506-stock-market-milestone-dow-15000.html 2013-05-07T23:06:20Z http://www.mail.com/business/economy/2069456-dow-close-15000-points.html NEW YORK (AP) — The Dow Jones industrial average is punching through another milestone: its first close above 15,000. The Dow rose 87 points to 15,056 points Tuesday, a gain of 0.6 percent. It was another milestone in the market's epic ascent in 2013. Good economic reports, higher corporate profits and support from central banks have eased investors' conc... Tue, 07 May 2013 20:06:29 GMT http://www.mail.com/business/economy/2069456-dow-close-15000-points.html 2013-05-07T20:06:29Z http://www.mail.com/business/economy/2068124-portugal-sells-bonds-time-bailout.html LISBON, Portugal (AP) — Portugal sold 10-year bonds Tuesday for the first time since it needed a bailout in 2011, representing a milestone in efforts to restore investor confidence in the frail eurozone country and prove that contested austerity policies are paying off. Though Portugal remains a ward of its bailout creditors and a full economic recovery w... Tue, 07 May 2013 18:01:13 GMT http://www.mail.com/business/economy/2068124-portugal-sells-bonds-time-bailout.html 2013-05-07T18:01:13Z http://www.mail.com/news/world/2068572-jewish-group-warns-neo-nazi-parties-europe.html BUDAPEST, Hungary (AP) — The World Jewish Congress said Tuesday it is greatly concerned about the emergence of what it called neo-Nazi parties in Europe, singling out Greece's Golden Dawn, Hungary's Jobbik, and Germany's National Democratic Party. A study presented at the congress's assembly in Budapest, the Hungarian capital, highlighted the links among ... Tue, 07 May 2013 17:01:15 GMT http://www.mail.com/news/world/2068572-jewish-group-warns-neo-nazi-parties-europe.html 2013-05-07T17:01:15Z http://www.mail.com/business/economy/2068000-french-finance-chief-hails-easing-austerity.html BERLIN (AP) — French Finance Minister Pierre Moscovici on Tuesday hailed the European Union's decision to grant his country more time to tackle its deficit as a turning point in the region's approach to austerity, which is choking off growth through spending cuts and tax hikes. Cutting budget deficits remains important but the 27-nation bloc must now move... Tue, 07 May 2013 13:46:17 GMT http://www.mail.com/business/economy/2068000-french-finance-chief-hails-easing-austerity.html 2013-05-07T13:46:17Z http://www.mail.com/business/economy/2065700-spain-italy-team-up-to-demand-crisis-relief.html MADRID (AP) — The premiers of Spain and Italy teamed up Monday to push the eurozone to focus more on spurring economic growth instead of just reducing debt — a move they hope will reduce high youth unemployment and speed up a banking reform effort aimed at stabilizing Europe's financial system. After meeting with Spanish Prime Minister Mariano Rajoy, Ital... Mon, 06 May 2013 19:30:25 GMT http://www.mail.com/business/economy/2065700-spain-italy-team-up-to-demand-crisis-relief.html 2013-05-06T19:30:25Z http://www.mail.com/business/economy/2065950-trump-to-open-dubai-golf-course.html DUBAI, United Arab Emirates (AP) — Donald Trump plans to extend his golfing empire to the Middle East, opening a course in the desert outskirts of Dubai in the latest sign the emirate's crisis-hit property market is recovering. The Trump International Golf Club will be the centerpiece of a 28 million foot project being developed by DAMAC Properties that i... Mon, 06 May 2013 13:38:28 GMT http://www.mail.com/business/economy/2065950-trump-to-open-dubai-golf-course.html 2013-05-06T13:38:28Z http://www.mail.com/business/finance/2065792-creditors-submit-portugals-austerity-plan-to-test.html LISBON, Portugal (AP) — Inspectors from Portugal's bailout creditors are returning to Lisbon to assess whether the government's latest austerity measures merit unblocking a due disbursement of rescue funds. Portugal's 78 billion euro ($102 billion) bailout two years ago spared the country from bankruptcy, but in return it must slash spending and debt. In ... Mon, 06 May 2013 11:47:45 GMT http://www.mail.com/business/finance/2065792-creditors-submit-portugals-austerity-plan-to-test.html 2013-05-06T11:47:45Z http://www.mail.com/business/economy/2065554-seasonal-jobs-ease-spain-unemployment-april.html MADRID (AP) — Spain's Labor Ministry says the number of people registered as unemployed fell by 46,050 in April with more people finding jobs in the run-up to the summer tourist season. The ministry said Monday the total number registered as jobless stands at 4.99 million. Spain has been in recession for the best part of the past four years as the economy... Mon, 06 May 2013 07:35:43 GMT http://www.mail.com/business/economy/2065554-seasonal-jobs-ease-spain-unemployment-april.html 2013-05-06T07:35:43Z