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FT.com - Global Economy
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FT.com - Global Economy |
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US jobs boost lifts global sentiment
The US created far jobs than expected in January and the unemployment rate dropped to 8.3 per cent, delivering a jolt of good news for the global economy
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Stocks surge on strong US jobs data
Equities and commodities benefit from robust US employment data with the FTSE All-World index at its best levels since start of August
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Glencore and Xstrata turn to City dealmaker
Michael Klein, the former Citigroup head of investment banking, helped mediate talks over the proposed merger
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Israel debate on Iran strike gains urgency
Israeli officials fear that Tehran’s nuclear programme is fast becoming immune to military attack, despite the effectiveness of US and EU sanctions on Iran
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Gazprom cuts gas supplies amid cold snap
Russian company in dispute with European Union as it says countries demand more than it is contractually obliged to deliver
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Greece’s leaders oppose new austerity measures
The European Commission, ECB and IMF want more cuts in government jobs and reductions in Greek salaries before agreeing the new rescue
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Taste for Horlicks lures UK brands to India
GSK’s success with the traditional British drink is leading consumer groups to make a push into Asia’s third-largest economy
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Jordan vow to continue SNB intervention
Thomas Jordan, acting head of Swiss National Bank and thrust into the limelight after his boss’s swift departure, promises to continue radical policies
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Brussels to overhaul rules on state aid
Joaquín Almunia, EU competition commissioner, plans to change the ground rules for state aid to cut irrelevant cases, target resources and free up manpower
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Bernanke adopts caution on US recovery
US Federal Reserve chairman said the pace of the economic recovery remains “frustratingly slow” and “the sluggish expansion has left the economy vulnerable to shocks”
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