Germany Caves In On Euro Crisis And The Markets Love It, So Far

Germany appears to have done a major U turn on allowing Spain and Italy’s economies a respite through direct funding of their banks.

'China fund' turns to Japan amid Europe fears

Europe's financial turmoil has seen the Chinese government quietly pour tens of billions of dollars into Japan's stock market, analysts say, despite the neighbours' lingering historical animosity.

Abu Dhabi fund sees potential despite uncertainty

DUBAI, United Arab Emirates (AP) — The Abu Dhabi Investment Authority believes the world economy offers opportunities for it and other patient investors, despite an uncertain outlook, the government-run fund's managing director said in a report released Monday.

Former Russian Minister Warns of Economic Ebb

ST. PETERSBURG, Russia — President Vladimir V. Putin was all swagger last week at the annual economic forum here, effectively wagging a finger at Europe over its fiscal problems and keeping the chief executives of some of the world’s most powerful oil companies waiting for hours in a hallway until he finally met with them.

Libya eyes refund of Goldman, SocGen losses

MILAN (Reuters) - The Libyan sovereign wealth fund is investigating investment losses of $1.75 billion on structured products managed by Goldman Sachs and Societe Generale to see whether it can claim compensation, the fund's chairman said on Wednesday.

Germany, France, Italy, Spain vow billions to boost growth

ROME: The leaders of the eurozone's four biggest economies on Friday vowed measures to boost growth in the face of a relentless debt crisis, including an injection of up to 130 billion euros ($163 billion).

Sovereign Wealth Funds Could Be Private Equity's New Best Friend

With private equity firms testing the limits of limited partners’ ability and willingness to fill their new-fund coffers, sovereign wealth funds (SWFs) are emerging as a potential source of capital to help bridge the fund-raising gap.

RBS job cuts described as 'brutal'

Union leaders attacked the Royal Bank of Scotland on Tuesday for announcing "brutal" cuts of 600 jobs from its financial planning service. Unite said the cuts represented a 50% reduction in the department across the country.

Europe Crisis Imperils U.S. Sales From Chemicals to PCs: Economy

American exporters from Dow Chemical Co. (DOW) to Hewlett-Packard Co. are preparing for a further decline in demand from Europe as the region’s deepening debt crisis threatens to derail a source of strength for the U.S. economy.

European banking stocks fall despite Greek vote result

European banking stocks have fallen sharply despite the victory of pro-bailout parties in Greece's elections on Sunday.

'China' fund raises stakes in Japan firms: report

OD05 Omnibus, an investment fund widely believed to be a Chinese government investment vehicle, has been increasing its stakes in Japanese companies including Toyota and Honda, a report said Sunday.

Britain Is Outside Euro Zone but Not Euro Crisis

LONDON — Having kept their own currency and central bank, British politicians pride themselves on their foresight in staying outside the beleaguered euro.

Canada may need to raise rates this year: OECD

OTTAWA (Reuters) - Canada should be ready to hike interest rates later this year if the economy doesn't turn sour, but may need to slow down budget tightening if the economy does deteriorate, the Organization for Economic Cooperation and Development said on Wednesday.

Analysis: Spanish bailout raises the bar for Italy

MILAN (Reuters) - Italy must step up efforts to curb its colossal debt and revive growth to reverse negative investor sentiment that threatens to push it to the brink, despite a reform drive and a banking system sounder than Spain's.

China urges more "decisive action" on euro crisis

BEIJING (Reuters) - China said the euro zone finance ministers' decision to lend Spain up to 100 billion euros ($125 billion) to shore up its teetering banks was a welcome short-term fix, but urged the bloc to take more decisive action to safeguard longer term stability.

Spain - Massive Rescue Agreed at Euro 100 billion - $125 billion

The news coming out of Brussels this evening is that the EU has offered Spain a rescue package of Euro 100 billion.

Local Projects Replace Global Investments in Mideast

DUBAI — Governments in the Middle East are investing less internationally than they have at any time in the past three years, as pressure to focus on domestic needs has shifted their attention away from global trophy acquisitions, analysts say.

China has cut holdings of European assets: Report

SHANGHAI: China's sovereign wealth fund has cut its European assets amid rising risk of a eurozone collapse, the fund's chief told the Wall Street Journal in an interview published Thursday.

Moody's: Australia vulnerable to external shocks

SYDNEY--Australia is vulnerable to a global downturn and the government's pledge to return the budget to surplus will be challenged but the Australian dollar will still be partly supported by its emerging "safe haven" status, said Steven Hess, senior credit officer and the chief sovereign analyst for Australia at Moody's Investors Service.

Angela Merkel calls for quick ratification of EU bailout fund

BERLIN: Chancellor Angela Merkel Monday stressed her determination to ratify the EU's bailout fund and fiscal pact before the German parliament's summer break amid reports she was prepared to add growth measures to the text.

Spanish premier Mariano Rajoy calls for eurozone 'centralised control' authority

Mariano Rajoy, the Spanish prime minister, has called for the eurozone to have “centralised control” over the budgets of all the countries using the euro.

Analysis: Swiss capital curb talk unlikely to become reality

ZURICH (Reuters) - Swiss talk of capital controls to repel investors fleeing the euro zone sounds more like saber-rattling than a realistic plan, given such curbs would be unlikely to work and could cause lasting damage to the country's banking industry.

Funds load up on cash as euro fears intensify: Reuters Poll

LONDON (Reuters) - Global investors, fearful of the escalating euro zone sovereign debt crisis and slowing world economy, retreated sharply from equities in May and held more cash than at any stage since the crisis erupted in early 2010, a Reuters poll showed on Thursday.

Europe Stocks Edge Up

LONDON—European stocks shuffled higher Thursday, stabilizing along with the euro after heavy losses in the previous session, while Spanish and Italian bond yields eased off recent highs.