RHS News Articles

G8 leaders look to head off euro zone crisis

May 18th, 2012

(Reuters) - Leaders of major industrial economies meet this weekend to try to tackle a full-blown crisis in Europe where fears are growing that Greece could leave the euro zone bloc, threatening the future of the common currency.

Oil, Gold Slide as Dollar Gains on Greece; Stocks Retreat (Update 1)

May 17th, 2012

Oil slid to a six-month low and gold declined as the Dollar Index extended a record-long rally amid concern Greece's financial crisis is worsening.

Germany saves euro zone from recession, split deepens

May 15th, 2012

(Reuters) - Germany pulled the euro zone's economy back from the brink of recession at the start of 2012 but stagnation in France and contraction in southern Europe underlined sharply differing fortunes in a bloc laboring under the effects of austerity.

Drop in jobless claims eases labor market fears

May 10th, 2012

(Reuters) - The number of Americans submitting new applications for jobless benefits edged down last week, easing concerns the labor market was deteriorating after surprisingly weak employment growth in April.

Stocks, Commodities Fall as Euro Extends Slump on Greece

May 08th, 2012

Stocks and commodities slid, while the euro extended its longest slump since 2008, as concern that new Greek political leaders will back out of bailout agreements sent the nation's benchmark equity index to an almost 20-year low.

U.S. Stocks Gain on Manufacturing as Treasuries Retreat

May 02th, 2012

Stocks advanced, sending the Dow Jones Industrial Average to the highest level since 2007, and Treasuries fell as faster growth in U.S. manufacturing fueled optimism in the world's biggest economy. Oil surged above $106.

Stocks Advance on Earnings, Fed as Treasuries Trim Drop

April 26th, 2012

Stocks (MXWD) rose for a second day as earnings beat estimates at companies from Apple Inc. (AAPL) to Boeing Co. (BA), while Federal Reserve Chairman Ben S. Bernanke said he remains prepared to do more to stimulate growth if needed. Treasuries pared earlier losses and the dollar weakened.

Euro-Region Debt Rises to Highest in Currency’s History

April 23th, 2012

The debt of the euro region rose last year to the highest since the start of the single currency as governments increased borrowing to plug budget deficits and fund bailouts of fellow nations crippled by the fiscal crisis.

The debt of the 17 euro nations climbed to 87.2 percent of gross domestic product in 2011 from 85.3 percent the previous year, official European Union figures showed today. That's the highest since the euro was introduced in 1999. Greece topped the list with debt at 165.3 percent of GDP, while Estonia had the least at 6 percent of GDP.

"Not if, but when" for Spanish bailout, experts believe

April 18th, 2012

(Reuters) - Economic experts watching Spain don't know how much money will be needed or precisely when, but some are near certain that Madrid will eventually seek a multi-billion euro bailout for its banks, and perhaps even for the state itself.

Most Stocks Rise as Banks Gain; Treasuries Trim Advance

April 16th, 2012

Most U.S. stocks rose, following the biggest weekly decline of the year, as Citigroup Inc. led banks higher and stronger-than-forecast growth in retail sales bolstered optimism in the economy. Treasuries trimmed earlier gains and the Dollar Index retreated.