Eurobusinessonline - News
Source: yahoo.com  28/1 8:25
Fitch cuts Italy, Spain, other euro zone ratings (Reuters)
Reuters - Fitch downgraded the sovereign credit ratings of Belgium, Cyprus, Italy, Slovenia and Spain on Friday, indicating there was a 1-in-2 chance of further cuts in the next two years.
Some G20 countries soften stance on Europe: sources (Reuters)
Reuters - Some of the world's biggest economies want to move quickly on a cash injection for the International Monetary Fund to help rescue the euro zone, but hardliners may still scupper an early deal to boost the fund's war chest, G20 sources said on Friday.
AP Exclusive: Vatican rewrites money launder law (AP)

A general view of St. Peter square where Pope Benedict XVI celebrates the canonization ceremony in St. Peter square at the Vatican October 12, 2008. REUTERS/Alessandro BianchiAP - The Vatican has rewritten its 2010 anti-money laundering law after European inspectors found that it didn't fully meet their tough standards to combat the financing of terrorism.


Iran hits back at EU with own oil embargo threat (Reuters)

EDITORS' NOTE: Reuters and other foreign media are subject to Iranian restrictions on leaving the office to report, film or take pictures in Tehran. Iranian President Mahmoud Ahmadinejad sits in a vehicle as he visits an industrial site in Kerman province, southeast Iran January 26, 2012. The European Union rather than Iran will lose out under new EU sanctions banning Iranian oil, Ahmadinejad said on Thursday as lawmakers said they might cut supplies to EU countries ahead of a July 1 deadline. REUTERS/President.ir/Handout (IRAN - Tags: POLITICS) FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECEIVED BY REUTERS, AS A SERV</td></tr> </table> <table border=0 cellspacing=0 cellpadding=0 width=

Greece locked in parallel talks over debt (AP)
AP - Greece was locked in a twin effort Friday to placate its creditors, seeking to secure a crucial debt relief deal with private investors while also tackling pressing demands from its European partners and the IMF for deeper reforms.
Spain unemployment hitting nearly 1 of 4 workers (AP)

People are seen through the window, while they look at the list of jobs in an employment office, in Pamplona, northern Spain, Friday, Jan. 27, 2012. The National Statistics Institute says Spain's unemployment figures has surpassed the 5 million mark, with the jobless rate shooting up from 21.5 percent to 22.8 percent in the fourth quarter. The new conservative Popular Party government pledges new labor reforms to try to halt further job destruction as Spain already has the highest unemployment rate in the 17-nation eurozone. (AP Photo/Alvaro Barrientos)AP - Spain's brutal unemployment rate soared to nearly 23 percent Friday and c

Fitch downgrades 5 eurozone nations (AP)
AP - Fitch Ratings downgraded the debt of Italy, Spain and three other countries that use the euro on Friday, a possible setback as European leaders work to contain the continent's debt crisis.
Finance chiefs reassure CEOs over European crisis (AP)

French Finance Minister Francois Baroin, left, speaks with his German counterpart Wolfgang Schaeuble, right, during a plenary session at the 42nd annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Friday, Jan. 27, 2012. The meeting lasts until Jan. 29. (AP Photo/Keystone, Jean-Christophe Bott)AP - Leading finance chiefs sought to reassure anxious global business leaders on Friday that Europe is on track to solve its crippling debt crisis before it drags the world's economies down. Europe's top banker said investors, burned after trusting the region's governments too much, now trust them too little.


Roubini holds little hope of global economic fix (AP)

Nouriel Roubini, Professor of Economics and International Business, Leonard N. Stern School of Business, New York University speaks during a panel session on the first day of the 42nd Annual Meeting of the World Economic Forum, WEF, in Davos, Switzerland, Wednesday, Jan. 25, 2012. The overarching theme of the Meeting, which takes place from Jan. 25 to Jan. 29 , is 'The Great Transformation: Shaping New Models'. (AP Photo/Keystone/Jean-Christophe Bott)AP - The economist widely acknowledged to have predicted the financial crash of 2008 holds little hope that global economic troubles will be fixed anytime soon and warns that without maj

Ukraine's president firm against Tymoshenko (AP)

Supporters of former Ukrainian Prime Minister Yulia Tymoshenko take part in a rally in Kiev, Ukraine, Sunday, Jan. 22, 2012. Ukraine marks January 22 as the day of unity and freedom and various political forces stage their actions on this day. The banner reads: 'Innocent'. (AP Photo/Sergei Chuzavkov)AP - Ukraine's president showed no mercy Friday for imprisoned former Prime Minister Yulia Tymoshenko, despite increasing fears that her case will hurt his country's struggling economy and its relations with the European Union.
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