News Archive: economics

18, 2011 July:

Euro, stocks decline on European crisis concerns

The euro dropped the most in a week against the dollar, Italian and Spanish bonds slumped, while shares slid on concern Europe’s debt crisis is worsening.

Italian parliament adopts whopping austerity budget

Italy's parliament on Friday gave final approval on Friday to a whopping 48-billion-euro ($68-billion) austerity budget aimed at slashing the public deficit by 2014 and reassuring nervous financial markets.

12, 2011 July:

Italy is 2 percentage points from disaster, evolution says

Italian bond yields are less than 2 percentage points away from disaster as its 10-year notes tumble, according to Gary Jenkins, head of fixed-income at Evolution Securities Ltd.

07, 2011 April:

European Central Bank raises interest rates

The European Central Bank lifted interest rates for the first time in almost three years to quell inflation even as Portugal became the third nation to succumb to the region’s sovereign debt crisis.

24, 2011 March:

Libya's stake in European property causes alarm

While Europe's reliance on Libya for oil production is well documented, the stake the cash-rich government holds in many key property markets, particularly that of Britain, is also surprisingly large.

06, 2010 December:

Colosseum sponsorship bid flops

An attempt by Italian authorities to raise millions of euros in private sponsorship to restore Rome's Colosseum has flopped, the Repubblica daily has reported...

08, 2010 October:

Sharp rise in trade between Italy and China

Chinese Premier Wen Jiabao has said that Italy and China are looking to more than double the annual value of their trade by 2015...

30, 2010 September:

Italy to invest €3 billion in Bulgaria by 2020

The next ten years will see investments by Italian companies in Bulgaria amount to €1-3 billion...

23, 2010 July:

Italy: one in five can't afford Dr visits

One in five southern Italian households cannot afford to see medical specialists, says the Southern Italian Industrial Development Association, Svimez, in its 2010 Report on the Economy of the South...

09, 2010 March:

New plan for Eurozone stability?

The European Commission has confirmed that it may set up a version of the International Monetary Fund to bolster the eurozone's financial stability.

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