Germany’s Industrial Production Continues To Decline
For the fourth straight month in a row, German industrial production fell in August, as factory activity showed signs of a more prolonged contraction, according to new data released by…
Country Garden Holdings Hires Advisors For Potential Debt Restructuring
Embattled real estate developer Country Garden Holdings Co. has increased its warnings that it is heading for its first default ever. In addition, it has now hired restructuring advisors, in…
Eurozone’s Economic Downturn Continues As Recession Approaches
On Wednesday, Reuters reported that the Eurozone’s economy contracted in the third quarter, as over the last month, demand fell at the fastest rate in nearly three years, according to…
UK Housing Market Falling Rapidly
On Friday, British lender Halifax released its latest monthly update, showing that in September home prices in Britain fell by 4.7% year over year as the effects of higher mortgage…
Putin: Western Sanctions Only Made Russia’s Economy Stronger
Speaking on Thursday in Sochi, Russian President Vladimir Putin said that as Russia has been assailed with a raft of Western sanctions, it has withstood the onslaught which was intended…
Russia Tightens Rules For Exiting Firms Again
Russia is preparing to tighten the rules for companies seeking to exit its business environment and sell their assets as they pull out. According to a new report in Izvestia…
Italian Factories Continue To Lag
On Monday, Bloomberg reported that Italian factories have been in a downturn for six months in a row, as a deep industrial recession marked by a continuing decline in manufacturing…
China Evergrande Chairman Suspected Of Transporting Assets Offshore
On Monday, the Wall Street Journal reported that China Evergrande Group’s embattled Chairman Hui Ka Yan was under investigation for allegedly transferring assets offshore as the property developer is attempting…
Italy Heading To Demographic Disaster As Births Plunge And Pension Costs Rise
New data from the Italian national statistics bureau, ISTAT, released earlier in the week showed that by 2050, over one third of the population of Italy, the third-largest country in…
German Jobs Market Shows First Sign Of Weakness
On Wednesday, Bloomberg reported that, according to a new report from the German Ifo Institute for Economic Research, hiring in Germany has stalled as the economic environment has worsened and…
