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This is Money
European banks face a US dollar funding gap of almost $2 trillion as a result of aggressive expansion around the world and may have difficulties rolling over debts, according to a report by the Bank for International Settlements.
Europes banks face a $2 trillion dollar shortage
Premier Wen Jiabao said on Thursday that China will achieve 8% growth this year despite the financial crisis, outlining export support and spending programmes and pledging to significantly increase investment in 2009 to meet the growth target.
China targets 8% growth
Premier Wen Jiabao is expected to outline new spending plans in a speech to the National People's Congress designed to shed more light on 4 trillion yuan (413bn) of health and welfare expansion announced in November. An official said yesterday that the speech to the National People's Congress would now include new stimulus measures.
China to announce extra stimulus as fears of social unrest rise
Today, from Nisseko to Nagasaki, Y2 trillion worth of banknotes will gradually start being showered on the Japanese: an unorthodox stimulus package that nobody wants and few can understand the logic of.
Japan's Y12000 question - how to spend it?
The soaring price of fresh meat drove overall UK shop price inflation to a six-month high in February but economists do not expect the rise to influence the Bank of England's decision on interest rates today.
Inflation at six-month high as food prices jump
Shares in General Electric hit an 18-year low yesterday with two big fears hanging over the American industrial groups head: first, that it would have to raise capital, and second, that it would suffer a ratings downgrade as investors filed a lawsuit over last weeks savage dividend cut.
Rights issue and rating downgrade fears drive GE shares to 18-year low
Former clients of GFX Capital Markets, which has collapsed with estimated losses of 44 million, say that the FSA knew of serious concerns about its boss, Terry Freeman, but allowed him to continue trading.
FSA faces multimillion claim for failing to stop Terry Freeman trading