Euro Zone Debt Crisis

Snapping a three-day gaining streak, gold fell by Rs 50 to Rs 32,400 per 10 grams in the bullion market here today on profit-selling amid a weak global trend, while silver prices held steady on restricted buying.

Cash-strapped Spaniards ditch their mobile phones

A quarter of a million Spaniards ditched their mobile phones in September, with Telefonica and Vodafone bearing the brunt of cancellations by recession-hit consumers.

Euro zone's

When the United States wants to talk to Europe about the euro zone debt crisis, what number does it dial?

Risk is back as fund managers turn bullish on equities

While bonds have been the asset class of choice this year, equities are quickly gaining favor among global asset managers as central banks pump liquidity into the financial system and investors grow less fearful of the euro zone debt crisis.

Mutual Funds showed positive performance in July 2012

The domestic MFs after being cautious net buyers for last couple of months turned to be net sellers in the Indian equity markets to the tune of Rs 1,710 crore. Fund managers seemed to be cautious about the Euro zone debt crisis and its rippling and crippling effect on the Indian economy.

Obama says US backs 'decisive action' in euro-zone crisis

President Barack Obama reiterated his support for "decisive action" to resolve the euro zone debt crisis in talks with Italian Prime Minister Mario Monti on Tuesday.

Mecklai: China - End of days or just another 'Bump'?

Mecklai Graph of the day: China - End of days or just another 'Bump'? ‘Euro zone debt crisis‘ has affected world economy and China is not an exception to this.

Spain, Greece are bringing Europe to boil again: IG Markets

As borrowing costs get closer to the danger area that forced Ireland, Greece and Portugal to seek a bailout, investors are concerned that Spain is next in line to dial for help. Justin Harper of IG Markets finds that the Spanish government is downplaying its country's debt issues.

Roubini sticks to 2013 'perfect storm' prediction

Economist Nouriel Roubini is standing by his prediction for a global "perfect storm" next year as economies the world over slow down or shudder to a complete halt, geopolitical risk grows and the euro zone's debt crisis accelerates.

Spain's new austerity buys some time, not solution

Spain may have won some time with markets and praise from Europe but it has little left in the locker to avoid a state bailout as a new 65-billion-euro austerity programme could deepen the country's economic woes rather than solve them, analysts say.

World business confidence cools, US a bright spot

Global business confidence cooled in June as the euro zone debt crisis took its toll, though corporate sentiment in the United States held up better, a survey from financial information firm Markit showed.

EU summit statements will put a floor to euro-dollar: Citi

In an interview to CNBC-TV18, head- Asia strategy, Patrick Perretgreen of Citi says the latest developments from the two-day EU summit are positive for debt-ridden Spain.

Morning Cues: Indian market outlook ahead of the EU summit

The spotlight is on the two-day EU summit which kick starts today, hoping to ease the regions burgeoning debt crisis a little at least. Will our market play along and remain optimistic or is a fall on the cards? Read on for more...

Oil rises toward USD 100 on US data, eyes ECB

Oil rose toward USD 100 a barrel on Wednesday as supportive economic and crude stocks data from the United States outweighed pressure from Europe's lingering debt crisis.

Moody's cuts ratings of some German banks

Moody's Investors Service cut the credit ratings of several German banks on Wednesday, citing increased risk of further shocks emanating from the euro zone debt crisis and their limited loss-absorption capacity.

G7 to hold emergency euro zone talks, Spain top concern

Finance chiefs of the Group of Seven leading industrialized powers will hold emergency talks on the euro zone debt crisis on Tuesday in a sign of heightened global alarm about strains in the 17-nation European currency area.

Euro zone crisis hurting peripheral countries: Rob Dobson

In an interview to CNBC-TV18, Rob Dobson of Markit Economics says that global markets are still quite someway off those really low levels. However, there is a much deeper rate of contraction being seen across the euro zone.

US jobs data points to recovery losing momentum

Private payroll growth accelerated only slightly in May and claims for jobless benefits rose last week, suggesting the US labor market recovery was stalling after a strong performance early in the year.

Money flies out of Spain, regions pressured

Spaniards alarmed by the dire state of their banks are squirreling money abroad at the fastest rate since records began, figures showed on Thursday, and the credit ratings of eight regions were cut.

With or without euro, Europe must raise its game

The opening last week in northeastern Spain of a 37-million-euro stretch of motorway to nowhere is an irresistible metaphor for the euro, an ambitious project conceived in better times that is now seemingly running out of road.

Europe: A political crisis not for economists to solve

Often the most difficult thing to do in life is to see something for what it really is. The imbroglio in Europe today offers a crystal clear case.

Spain faces corrosion not collapse from euro crisis

Students are protesting on Barcelona's elegant boulevards, public-sector wages are being cut for the second time in three years and resentment is growing against the central government and beneficiaries of bank bailouts.

German trade locomotive powers ahead without EU

German exports and imports both leapt to record monthly levels in March, bolstering hopes that Europe's largest economy has escaped recession.

Global Markets Weekahead: No escaping European risks

The prospect of political risks joining economic and debt problems on the euro zone's list of worries will keep investors focused firmly on safety plays in the coming week.

Spanish borrowing costs to jump, bank buying eyed

Spain's borrowing costs are set to rise by more than a percentage point at an auction of three and five-year bonds on Thursday.