FOREXLEARNING

Court curbs German ability to act fast on debt crisis »

By Noah Barkin
BERLIN | Wed Sep 7, 2011 7:52am EDT

BERLIN (Reuters) – Germany’s top court handed its country’s parliament a greater say over euro zone bailouts, potentially hampering Berlin’s ability to act decisively against a two-year debt crisis.

The Constitutional Court rejected on Wednesday a series of [...]

Wall Street down on Europe; bear market fears grow »

By Edward Krudy
NEW YORK | Tue Sep 6, 2011 5:01pm EDT

NEW YORK (Reuters) – Wall Street fell for a third day on Tuesday on fears Europe still has failed to tackle its debt crisis, prompting worries the market is headed to new lows for the year.

Investors [...]

Global stocks surge on world stimulus hope »

By Alex Richardson
SINGAPORE | Wed Oct 6, 2010 3:39am EDT

SINGAPORE (Reuters) – Stocks and metals rose on Wednesday while the dollar and Japanese bond yields fell after monetary easing moves by the Bank of Japan spurred expectations of a new round of central bank action to [...]

“Shock and awe” package lifts euro markets »

BRUSSELS (Reuters) – A $1 trillion global emergency package to stabilize the euro unleashed a spectacular rally in European stocks and bonds on Monday but analysts said EU leaders had only bought time to tackle deep-seated fiscal problems.

The “shock and awe” rescue plan — the biggest since G20 leaders threw money at the global economy [...]

Germany, markets increase pressure on Greece »

ATHENS/LUXEMBOURG (Reuters) – Uncertainty over an aid package for Greece pushed up its borrowing costs to a 12-year high on Monday, with demands from Germany for further austerity measures before aid is granted heightening the tension.

Germany

Greece tried to reassure investors on Sunday that aid would arrive in time to avert the euro zone’s first sovereign [...]

China should let yuan appreciate: EU’s Rehn »

MADRID (Reuters) – China should let its yuan currency appreciate to help ease imbalances in the global economy, European Economic and Monetary Affairs Commissioner Olli Rehn said on Saturday.

China

The yuan, or renminbi, is pegged to the U.S. dollar and European policymakers generally believe it is undervalued, giving China a trade advantage and creating savings and [...]

Germany needs no extra budget for Greek aid: finance minister »

BERLIN (Reuters) – Germany will not need a supplementary budget to pay for an aid package to Greece, Finance Minister Wolfgang Schaeuble was quoted as saying on Saturday, adding he did not expect German taxpayers to suffer.

Germany  |  Greece

Greece is moving closer to activating an emergency aid package by seeking to clarify details of how help from [...]

Leaders mull EU support tool, markets turn on Greece »

MADRID (Reuters) – Greece’s aid deal has saved it from default and quashed fears of a euro zone breakup, policymakers said on Thursday, and the head of its finance minister group said new tools were needed to help fiscal stragglers.

Greece

Investors took a less rosy view, selling the euro and driving up Greek bond yields ahead [...]

Strong Chinese GDP growth backs tightening case »

BEIJING (Reuters) – China chalked up unexpectedly strong annual growth of 11.9 percent in the first quarter, prompting renewed calls for tighter policies to prevent the economy from overheating and stoking speculation of when Beijing will loosen its grip on the yuan.

China

The rate of expansion, the fastest since 2007 and above the median forecast of [...]

GM posts $4.3 billion loss, says 2010 profit possible »

DETROIT (Reuters) – General Motors Co posted a net loss for 2009, but said it was possible to make a profit this year and that it was laying the foundation to return to public ownership.

GM reported a $4.3 billion 2009 net loss covering the period from its emergence from bankruptcy in July through the end [...]