ECB's Visco says disinflation weighing on high-debt countries

(Reuters) - The euro area may struggle to recover from the economic crisis with entrenched high unemployment and weak investment hitting heavily indebted countries already suffering from disinflation, ECB Governing Council member Ignazio Visco said on Tuesday.

Argentina shares fall on debt repayment doubts

Argentina's stock market fell 3% in early trading after the country's cabinet chief said there would be no delegation to the US to negotiate with bondholders over a $1.3bn (£766m) debt.

Downside of low inflation: A weaker global economy

WASHINGTON (AP) — What the global economy could use right now is a dose of higher prices, though that might be unfathomable to people who still bear scars from the double-digit inflation of the 1970s.

US Senate confirms Yellen as Federal Reserve chair

Washington (AFP) - The US Senate confirmed Janet Yellen as the new leader of the Federal Reserve, marking the first time a woman has headed the world's most powerful central bank.

UK government borrowing rises unexpectedly in July

The Treasury ran up a rare July deficit on the public finances last month, raising doubts about the coalition's progress in tackling the black hole in Britain's public finances.

France Leads Europe in Growing Disillusionment With EU

France’s frustration with Europe has soared as French attitudes diverge from German public opinion, a Pew Research Center report shows.

Private equity crash could trigger next wave of financial crisis, Bank warns

The Bank of England warned on Thursday that the next phase of the UK's six-year financial and economic crisis may be triggered by the collapse of debt-laden companies bought by private equity firms in the boom years before the crash.

Spanish banks halt evictions amid growing protests

MADRID (AP) — Spain's major banks agreed on Monday to suspend some evictions of homeowners unable to pay their mortgages after hundreds of thousands of Spaniards lost their homes during the crushing economic crisis and two recently committed suicide.

EU countries to tighten control of credit rating agencies

BRUSSELS: European Union countries agreed on Monday to press for new controls on credit ratings agencies, with a law to challenge the power of the debt raters whose downgrades of countries angered politicians as they struggle with an economic crisis.

Europe founders in rough financial seas

The economic crisis gripping Europe has cost prime ministers their jobs from the Netherlands to Italy.Protests, sometimes violent, against deep spending cuts have wracked European capitals. Recession has returned to Britain.

Zimbabwe Central Bank, Treasury Planning Banking Reforms

JOHANNESBURG – Zimbabwe rolled out a raft of measures this week to boost stability in the country's financial sector, decimated by its economic crisis and investor flight.

Economy to be Front and Center in Obama's Speech

NEW YORK (TheStreet) -- President Barack Obama plans to stress the importance of improving confidence in the U.S. economy in his State of the Union address later Tuesday, according to excerpt of the speech released to media outlets.

Bulgaria’s Financial Stability Guarantees Economic Prosperity

The “stability pact” proposed by Finance Minister Djankov will ensure a sensible government for the business and the people.

Some say that trust is worth more than gold and there’s a lot of truth in this statement. Trust is of fundamental importance not only to interpersonal and business relations, but also to a successful government. Businessmen and foreign investors desperately need state guarantees of Bulgaria’s financial stability over the next few years.