The euro was on track on Tuesday to be the world’s best-performing major currency this year, while the dollar looked set for its biggest annual gain against the yen since 1979. The euro zone common currency has gained 26 percent against the yen this year, though it fell 0.2 percent […]
Tag: Euro Zone
Euro zone ministers agree on backstops for financing bank closures
Euro zone finance ministers agreed early on Wednesday how to ensure financing for closing down banks in a deal that boosts chances of an agreement on the overall blueprint on dealing with failing lenders later on Wednesday. Related Stories Euro zone agrees on bank closure funding; banking union in sight […]
IMF cuts global growth forecast, warns of prolonged stupor
The International Monetary Fund trimmed its forecasts for global output on Tuesday for the sixth time since early last year, saying stronger growth in most advanced economies would fail to make up for a more sluggish expansion in the developing world. Prospects for emerging markets, long the engine of the […]
