Ireland’s credit rating was lowered two notches by Standard & Poor’s, as the country prepares to offer a four-year budget aimed at slashing the deficit.
“The Irish government looks set to borrow over and above our previous projections to fund furt…
Despite widespread anxiety about the Greek debt crisis last summer, global markets recovered with minimum damage. Now, investors facing another crisis in Ireland may be tempted to draw a comforting lesson from the Greek experie…
Hong Kong took a new step this week to let some air out of its real estate bubble, levying a heavy tax on property flippers — a move that has already sent asking prices there downward. But Hong Kong’s real estate risks are dwa…
Ireland will restructure its banking sector as part of a massive economic aid package from the EU and IMF.
Irish banks will shrink, merge or be sold off, Finance Minister Brian Lenihan said, according to The Associated Press.
The banks are saddled …
As if the Irish debt crisis weren’t enough, investors are worried once again about rising inflation in China. But officials in Beijing are quietly building an impressive record of economic management, and some analysts are conv…