Written by ANALYSIS: There was surprise in Seoul that little Ireland could hijack a summit of such powerful states, writes CLIFFORD COONAN READ MORE »
Posts tagged European economy
Dollar, Yen Climb on Concern About European Banks, U.S. Growth
The dollar and the yen rose against their major counterparts as concern that Europe’s debt crisis is expanding and the U.S. economic recovery may be growing more slowly pushed investors to the safest currencies. READ MORE »
Spain Sees Credit Squeeze but Denies EU Rescue Bid
Spain said on Monday that foreign banks were refusing to lend to some of its banks in the latest twist to the euro zone debt crisis, but denied it was on the brink of seeking a Greek-style European financial rescue. READ MORE »
Gold firms as Greece downgrade lifts risk aversion
Gold firmed on Tuesday as a ratings downgrade of Greece sparked fears of a worsening fiscal crisis, lifting interest in the metal as a haven from instability in the wider markets. READ MORE »
Producer Prices in U.S. Decreased 0.3% in May on Fuel
Wholesale prices in the U.S. fell in May for the third time in the past four months, pulled down by lower costs for energy and food as European default concerns threatened to slow the global expansion. READ MORE »