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341. Spain Must Guarantee Bank Debt Despite EU Aid
A plan to let eurozone bailout funds loan money directly to Spanish banks will not come into effect before mid-2013 -- and will not entirely relieve Madrid of responsibility for banking troubles, a European Union official said Friday.
342. German Industrial Production Rebounds More Than Forecast
German industrial production rebounded by a more-than-forecast 1.6 percent in May, data released Friday showed, adding to hopes that Europe's biggest economy will escape the recession hitting other parts of the eurozone.
343. US Unemployment Static at 8.2 Percent
The U.S. unemployment rate stayed at 8.2 percent in June, the Bureau of Labor Statistics said Friday.
344. European Central Bank Cuts Rates to Historic Low of 0.75 Percent
The European Central Bank on Thursday cut interest rates by 25 basis points, trimming borrowing costs to below 1 per cent for the first time since the launch of the euro as it tries to revive the eurozone economy.
345. Lagarde Warns US of Fiscal Cliff, Tepid Growth
The International Monetary Fund warned the United States against drastic cuts in its 2013 budget and said the "tepid" recovery of the world's largest economy is endangered by the eurozone crisis.
346. Barclays Chief Falls on His Sword Over Rate-rigging
For the City of London, the party is most definitely over. The heady days when traders celebrated the "successful" manipulation of key lending rates with Bollinger champagne and bonuses belong to the past.
347. European Central Bank to Cut Rates as Economic Gloom Deepens
European Central Bank chief Mario Draghi is expected to deliver Thursday his third rate cut since taking over as ECB head last year as the bank steps up its efforts to counter the economic fallout from the long-running eurozone crisis.
348. US Stocks Mixed on Wall Street
Two major Wall Street indexes were higher Monday, buoyed in part by momentum from a breakthrough in the euro debt crisis at last week's E.U. summit.
349. Unemployment Rates Rise in Europe
The unemployment rate in the 17-member eurozone rose to a record 11.1 percent in May, the European Union's data office said Monday.
350. Cyprus Begins EU Bailout Talks
Officials from the European Commission, the International Monetary Fund (IMF) and the European Central Bank arrived in Nicosia on Monday to begin talks on the terms of an emergency bailout, media reports said.
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