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ECB independence threatened by govt pressure - Stark

Sailing into a storm
The European Central Bank's cheap money and the siren call of high yields are luring global investors into the European junk bond market. High-yield bond issuance is up nearly 70 per cent so far this year over the same period of 2011, according to Thomson Reuters data. It may seem odd given the uncertain future for the euro zone, but the ECB's move to flood the banking system with three-year loans

Euro zone output falls, GDP set to contract

Output at factories in the euro zone tumbled in December, reflecting a sick European economy that probably shrank at the end of 2011 but it is hoped will recover this year. Industrial production in

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It is time to take money off the table: Jim Walker

Globally, markets are not reflecting the imminent recession in Europe, says Jim Walker, renowned economist and managing director at Asianomics. Currently in India for the IIFL Global Investors'

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China does not want to "buy up" Europe: Paper

China has no intention of "buying up" or "controlling" a debt-ridden Europe that it still has confidence in, and any help Beijing may offer will be for purely economic reasons, a top state-run

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BRIC markets set to capture spotlight in 2012

If you were burned by emerging market stocks last year, you might want to give the relationship another chance in 2012. The stocks are doing pretty well so far this year, and analysts point to

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Belgium slides into recession

Belgium fell back into recession in the second half of last year, data showed on Wednesday, the first euro zone member not subject to a bailout programme to do so. It paved the way for what is

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