Italy on "right track" in tackling crisis: IMF official
05-16 20:57
Italy is "on the right track" in addressing the economic crisis, the director of the IMF's European Department Reza Moghadam said here on Wednesday.
U.S. needs more responsible fiscal path: Geithner
05-15 21:32
U.S. Treasury Secretary Geithner said the United States needs a balanced package of spending and tax reforms to make its fiscal path more sustainable.
Greece raises 1.3 billion euros in latest treasury bills auction
05-15 21:10
Greece held on Tuesday a successful new treasury bills auction, raising a further 1.3 billion euros.
Merkel warns "growth on credit" unsustainable
05-11 00:02
German Chancellor Angela Merkel stood firm Thursday on the necessity of fiscal austerity, warning that any growth based on new debt would push Europe back to the mire of economic crisis.
Young Italians hardest hit by worsening economic crisis
05-03 07:49
A new survey released on Wednesday by IPR Marketing conducted for the Association of Italian Christian Workers (Acli) found that 60.2 percent of Italians are weighed down by the economic crisis and 44.7 percent are insecure and worried about the future.
China slashes A-share transaction fees
04-30 20:37
China's stock exchanges in Shanghai and Shenzhen on Monday both said they will cut brokerage fees for A-share transactions by over 20 percent starting June 1 in a bid to lower investor burden.
S&P cuts rating for 11 Spanish banks
04-30 19:16
Rating agency Standard and Poor's on Monday cut its rating of 11 Spanish banks, while placing a further five on negative outlook, as official statistics suggested the country has fallen back into recession.
Spain officially in recession
04-30 19:10
Spain's National Institute of Statistics (INE) on Monday confirmed the country's economy is back in recession.
Shanghai bourse unveils draft delisting proposal
04-30 08:18
China's Shanghai Stock Exchange on Sunday announced a draft proposal for improving its delisting rules in a bid to protect investors and promote the healthy development of the stock market.