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Thursday, February 16, 2012

ECB avoids forced losses on Greek bonds

ECB avoids forced losses on Greek bonds


ECB avoids forced losses on Greek bonds

Posted: 16 Feb 2012 10:47 AM PST

European Central Bank gains controversial exemption so €40bn holding will not be subject to any legal action by Athens to impose losses

Business barometer shows mixed sentiment

Posted: 16 Feb 2012 09:54 AM PST

The latest FT/Economist Global Business Barometer, a survey of more than 1,500 senior executives, found business confidence improved in January

Spain teeters on brink of recession

Posted: 16 Feb 2012 04:24 AM PST

The eurozone's fourth largest economy shrank for the first time in two years in the final quarter of last year

Robust US data improve sentiment

Posted: 16 Feb 2012 10:19 AM PST

The euro rebounds as Wall St rallies, but mood remains cautious on fears the impasse over Greece's bail-out may result in a messy default

US jobless claims near four-year low

Posted: 16 Feb 2012 07:08 AM PST

The US labour market continued to strengthen as first-time claims for jobless benefits fell unexpectedly to a near four-year low

Bank of Japan stresses its independence

Posted: 16 Feb 2012 03:53 AM PST

The BoJ's decision to ease monetary policy has sparked debate over whether it has bowed to political pressure

Europe’s retirement ages in the spotlight

Posted: 16 Feb 2012 09:18 AM PST

Sweden's and Italy's average retirement ages differ by five years – one of the disparities the European Commission is keen to reduce

Bahrain opposition presses for change

Posted: 16 Feb 2012 06:29 AM PST

Opposition groups reaffirm demand for elected government and more accountability, pledging peaceful protests

China wants say in World Bank choice

Posted: 16 Feb 2012 07:54 AM PST

Beijing seeks to challenge a tradition that the bank's chief be a US citizen after it said that the next president should be selected in an open competition

Congress reaches payroll tax deal

Posted: 16 Feb 2012 06:58 AM PST

Leaders promise enough bipartisan votes in both chambers to pass the legislation after Republicans make a surprise U-turn on further spending cuts

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