Hellenic Shipping News Worldwide, World Economy News

Single banking supervision system on right track but one step remains

Wed, 22 May 2013 16:30:02 GMT

MEPs broadly welcomed the package of rules setting up a single EU bank supervisor but also pointed out that important

Yet Another China Growth Downgrade

Wed, 22 May 2013 16:30:01 GMT

Another week, another downgrade as pessimism spreads about China’s economic prospects. This time it’s UBS Securities (UBS), which cut its 2013

Carney Warns Europe Faces Decade of Stagnation

Wed, 22 May 2013 13:30:02 GMT

Europe faces a decade of stagnation without "sustained and significant reforms," Mark Carney, the incoming governor of the Bank of England,

More reforms needed for India to return to 10 % growth: US Ambassador

Wed, 22 May 2013 13:30:01 GMT

In order for India to return to near 10 per cent growth and eradicate poverty, further reforms are necessary, according to US Ambassador

CEO Confidence Boosts Executive Recruiting: EcoPulse

Wed, 22 May 2013 10:00:04 GMT

Business at executive-recruitment companies is improving, buoyed by increasing confidence among corporate leaders and a stabilization in hiring

Does France have right plan to revive its economy?

Wed, 22 May 2013 10:00:03 GMT

The man charged with reviving France's shrinking economy and attracting businesses to invest there is gaining a reputation for doing the opposite.

Minister Says Ireland on Course to Meet Austerity Payroll Cuts Target

Wed, 22 May 2013 10:00:02 GMT

Ireland's government is still on course to secure public sector payroll savings after a special negotiator struck a new outline austerity

Italy's PM: Exiting EU Deficit Procedure is Priority

Wed, 22 May 2013 10:00:01 GMT

Italy's exit from the European Union's excessive deficit procedure is a priority for the country and will it give it more leeway in pushing forward growth

Bundesbank Projects Guarded Optimism on German Recovery

Wed, 22 May 2013 00:00:02 GMT

The German economy is due to recover at a stronger clip in the current quarter than in the first three months of the year, but the

China Trade Surplus Seen by BofA at One-Tenth Customs Figure

Wed, 22 May 2013 00:00:01 GMT

China’s trade surplus is one-tenth the official $61 billion reported so far this year after accounting for fake transactions used to disguise

U.S. Bank Mergers Seen Less Likely With Sellers Holding Out

Wed, 22 May 2013 00:00:00 GMT

Bank managers in the U.S. are less likely to engage in mergers and acquisitions this year as regulators heighten

U.K. Inflation Rate Falls More Than Forecast to 2.4%: Economy

Wed, 22 May 2013 00:00:00 GMT

U.K. inflation slowed more than economists forecast in April to a seven-month low and producer prices rose

EU watchdog unveils caps for bank bonuses

Wed, 22 May 2013 00:00:00 GMT

EU regulators confirmed on Tuesday they will cap bonuses of bankers earning more than 500,000 euros a year

‘Higher growth needs more foreign investments’

Wed, 22 May 2013 00:00:00 GMT

Calling for a further opening up of the economy, US Ambassador to India Nancy J. Powell, on Tuesday pointed

Bullard Says Fed Should Maintain ‘Effective’ QE Program

Wed, 22 May 2013 00:00:00 GMT

Federal Reserve Bank of St. Louis President James Bullard said the central bank should continue its bond

RBA Minutes: Cut Rates To Encourage Growth

Wed, 22 May 2013 00:00:00 GMT

Members of the Reserve Bank of Australia's monetary policy board decided that it was appropriate to trim the

France Leading Index Signals Recovery In Near-Term

Wed, 22 May 2013 00:00:00 GMT

France's leading economic index strengthened throughout the first quarter, suggesting that economic activity

Italy Banks' Lobby ABI: 2012 Profit Falls by 80%

Wed, 22 May 2013 00:00:00 GMT

Italian banks' profitability declined by 80% to 1 billion euros ($1.3 billion) in 2012 as the recession affecting the

World Bank Group: Poverty Rate Came Down to 27.4 Percent in 2012

Wed, 22 May 2013 00:00:00 GMT

The National Statistical Office of Mongolia (NSO) has been conducting the Household Income and Expenditure

Hong Kong Inflation Accelerates In April

Wed, 22 May 2013 00:00:00 GMT

Hong Kong inflation accelerated in April mainly due to a surge in prices of fresh vegetables, a report from the

Abe’s Resurgent Japan Hurt by Lack of Business Spending

Wed, 22 May 2013 00:00:00 GMT

As Japan’s cherry trees bloomed and the stock market soared, Kohetsu Watanabe flew to a blossom-viewing

German Producer Price Inflation Hits 3-Year Low

Wed, 22 May 2013 00:00:00 GMT

Price pressure at Germany's factory gates eased in April due to falling oil prices, official data showed Tuesday, as

U.S. Retail Sales Up 0.5% in First Two Weeks of May Vs April

Wed, 22 May 2013 00:00:00 GMT

National chain store sales rose 0.5% in the first two weeks of May from April, according to Redbook Research's

French Finance Minister: Seeks to Raise Sanctions Against Tax Evasion

Wed, 22 May 2013 00:00:00 GMT

The French government will work to increase its efficiency in fighting tax evasion and could reinforce means to

China's Li seeks stronger economic ties with India

Wed, 22 May 2013 00:00:00 GMT

China's premier has told Indian business leaders that the two Asian giants need to establish stronger economic

Luxembourg to Negotiate Automatic Tax-Exchange Accord with US

Wed, 22 May 2013 00:00:00 GMT

Luxembourg's government said Tuesday it would seek to reach an automatic tax information exchange agreement

China 'cannot be free rider on trade'

Tue, 21 May 2013 16:30:01 GMT

China cannot be a "free rider" in global trade, the EU's trade commissioner has warned. Karel De Gucht said that China had to take responsibility for the global trading system,

Piraeus Bank Posts Profit after Merger Deals

Tue, 21 May 2013 13:30:01 GMT

Piraeus Bank, one of Greece's largest lenders, reported a first-quarter net profit of 3.62 billion euros ($4.64 billion), largely due to a one-off capital

Fed's Evans Says No Sign of Immediate Slackening

Tue, 21 May 2013 13:30:00 GMT

Even though there are signs of recovery in the U.S. economy, there are no signs the Federal Reserve will turn off its monetary stimulus anytime soon,

China Development Bank Says $8.1 Trillion Needed for Urban Shift

Tue, 21 May 2013 10:00:07 GMT

China needs at least 50 trillion yuan ($8.1 trillion) in new investment by 2020 to accommodate a burgeoning population of city-dwellers,

Spain's Montoro Sees Faster Economic Recovery

Tue, 21 May 2013 10:00:06 GMT

Spain's Budget Minister Cristobal Montoro expects the country to see a faster-than-anticipated economic recovery, although he couldn't say when

EU Leaders Struggling With Economic Growth to Turn to Tax Policy

Tue, 21 May 2013 10:00:05 GMT

European Union leaders struggling to find a consensus on how to overcome the debt crisis and revive economic growth will use a

Consumer Spending, Housing to Compensate for U.S. Government Spending Decline -NABE

Tue, 21 May 2013 10:00:04 GMT

Strengthening consumer spending and housing investment should compensate for a decline in government

Chicago National Activity Index Falls in April

Tue, 21 May 2013 10:00:03 GMT

A decline in U.S. industrial production during April sent a closely watched barometer of the economy to its lowest level since January. The Federal Reserve Bank

China, India to make new engine of world economy: Chinese premier

Tue, 21 May 2013 10:00:02 GMT

China and India are both willing and able to foster new highlights in cooperation among Asian countries and make new engine of the world

World economy must reform or risk stagnation: Tharman

Tue, 21 May 2013 10:00:01 GMT

The global economy could face the risk of stagnation if it does not embark on fiscal consolidation and structural reforms for more sustainable

China ‘hard-landing’ trades revisited

Tue, 21 May 2013 00:00:01 GMT

A string of banks trimming their Chinese growth forecasts last week does not have alarm bells sounding yet. But as well as reviewing China’s misfiring economy, it is

King Says Debate on U.K.’s Fiscal Policy Has Become ‘Overblown’

Tue, 21 May 2013 00:00:00 GMT

Bank of England Governor Mervyn King said the debate on fiscal policy has “really got overblown” and the

David Cameron warns overseas territories on tax

Tue, 21 May 2013 00:00:00 GMT

Prime Minister David Cameron has urged British overseas territories to "get their house in order" and sign up to

Global economic surprise: Where has this Black Swan built its clandestine nest?

Tue, 21 May 2013 00:00:00 GMT

Gold and Silver have been in a bear market for sometime now. The Volatility Index or VIX is at extreme lows.

Taiwan Banks Flee Worst Margins to Capture Higher Asia Share

Tue, 21 May 2013 00:00:00 GMT

Taiwanese lenders led by Bank of Taiwan are taking their highest share of syndicated loans in Asia since 2010 as

U.K. House Prices Hit Record High: Rightmove

Tue, 21 May 2013 00:00:00 GMT

The fifth consecutive monthly increase in the U.K. house prices amid limited supply took average asking prices to

India: FinMin feels let down by S&P rating

Tue, 21 May 2013 00:00:00 GMT

International rating agency Standard & Poor’s (S&P) move to reaffirm a negative outlook and rating of ‘BBB

Japan Upgrades Economic View Amid Export Recovery

Tue, 21 May 2013 00:00:00 GMT

The Japanese government on Monday upgraded its assessment of the economy for the first time in two

Hong Kong Feb-Apr Unemployment Rate Steady as Expected at 3.5%

Tue, 21 May 2013 00:00:00 GMT

Hong Kong's unemployment rate was unchanged at 3.5% in the three months ended April, the Census and

Swedish Banks Get No Mercy as EU Agenda Ignored

Tue, 21 May 2013 00:00:00 GMT

Swedish Finance Minister Anders Borg said he won’t cave to pressure from banks or the European Union to

Thailand Cuts 2013 GDP Outlook As Q1 Growth Slows More Than Expected

Tue, 21 May 2013 00:00:00 GMT

Thailand lowered its full-year growth outlook after weaker domestic demand and exports weighed on

Taiwan Export Orders Fall Less Than Expected

Tue, 21 May 2013 00:00:00 GMT

Taiwan's export orders declined less than expected by economists in April, the latest figures from the Ministry of

UK Business Minister: RBS, Lloyds Too Risk-Averse on Loans to Firms

Tue, 21 May 2013 00:00:00 GMT

The Royal Bank of Scotland Group PLC and Lloyds Banking Group PLC are still detering smaller British companies

Too big to fail is now bigger than ever: Andy Xie

Tue, 21 May 2013 00:00:00 GMT

The G-7 summit brought up too-big-to-fail (TBTF) financial institutions as a systemic risk to be addressed. The