Risk Rising of Deeper China Slowdown, Conference Board Says

Dec. 14 (Bloomberg) — A Chinese leading indicator fell, fueling concern that the world’s second-biggest economy faces a deeper slowdown as Europe’s debt crisis hits exports and home sales slide. The index declined 0.1 percent to 160.1 in October, The Conference Board said in a statement today, citing a preliminary reading. The gauge captures prospects [...]

Written on December 14, 2011 | Posted in News

Deposit Flight at European Banks Means Risk Piling Up at ECB

(Updates with ECB lending dollars to two banks in 15th paragraph.) Sept. 14 (Bloomberg) — European banks are losing deposits as savers and money funds spooked by the region’s debt crisis search for havens, a trend that could worsen economic and financial conditions. Retail and institutional deposits at Greek banks fell 19 percent in the [...]

Written on September 15, 2011 | Posted in News