The overall unemployment rate in Switzerland edged higher last month, adding to concerns that the deepening Eurozone debt crisis weighed on the nation's economy.
The U.K. retail sales increased at a slower pace in December, due to the strong growth in online shopping, adding to fears that the economy contracted in the final quarter of last year.
Confidence among small-business owners in the world's largest economy rose more than initially was expected last month, as owners waited for a decision on fiscal policy.
The number of people out of work in the Eurozone's 17 countries that have the Euro in circulation hit a new high in November, a sign that region's crisis is far away from being resolved.
Consumer confidence in the Eurozone changed slightly in the month of December, when it increased to -26.5 from -26.9 in the month before, the European Commission reported on Tuesday. The Euro area consumer confidence historical average measured from 1985 until 2012 is -12.47, while the high from May 2000 is 2.70 and the low recorded in March 2009 is -34.20."We have not yet
Unemployment rate of Switzerland in 2012 was among the three lowest figures of the last ten year, when it reached 2.9% following 2.8% the year before, the State Secretariat for Economic Affairs has reported. Jobless rate for the last month of 2012 recorded 3.3% with 142,309 unemployed people compared to the Eurozone's equivalent of 11.8% in November."Despite a particularly demanding
Unemployment in the 17-nation bloc rose in line with economists expectations in November to the highest level since the data began to be released in 1995 amid unfavorable economic situation and tough fiscal measures, the European Union's statistical office in Luxembourg reported on Tuesday. The Eurozone jobless rate went up from 11.7% in October to 11.8% the following month."In the
The amount of cash Swiss commercial banks held with nation's central bank fell more than expected in the week to January 4, a sign that investors are getting more anxious over Eurozone's financial woes.
Home prices in the U.K. advanced for the second month in a row in December, although they are likely to remain broadly flat in 2013, according to Halifax.
Bank of America agreed to pay a $11.7 billion package, which was designed to settle claims resulting from mortgage-backed investments.
Japanese government, led by Shinzo Abe, is expected to announce around 12 trillion yen ($136 billion) in fiscal stimulus measures in order to boost flagging economy.
Producer prices in the Eurozone's 17 countries that have the Euro in circulation shrank for the first time in five months, adding to concerns that the region's economy will not start to recover during the next several months.
While everyone is concerned with heavily indebted eurozone countries, the debt loan of the world's third largest economy is constantly growing.
The oldest private bank in Swiss, Wegelin, said that it would be closed permanently after its guilty plea to helping Americans evade their taxes through secret accounts.
Activity in the U.K. service sector shrank unexpectedly for the first time in two years last month, adding to concerns that the economy will not start gaining momentum in the nearest future.
The pace of hiring in the world's largest economy eased slightly last month, while unemployment rate held steady at previous month's level, the Labor Department figures showed on Friday.
The Europe's largest economy is planning further spending cuts in order to achieve its target of a structurally balanced budget in 2014.
Services sector of the British economy tumbled for the first time in a two-year period in December, when the Markit/CIPS services Purchasing Managers' Index fell from 50.2 in November to 48.9 in December, its lowest level since April 2009. The PMI data also showed the UK's economic output recorded a 0.2% slowdown in the Q4 suggesting the broader economy could
Japanese government claimed its readiness to take the unprecedented step and buy nation's factories and machinery directly with taxpayer funds. Shinzo Abe and his cabinet will spend around 1 trillion Yen in order to buy plant in the electronics, equipment, and carbon fibre industries.
The momentum of the Swiss economy slowed for the third consecutive month in December, adding to concerns that deepening Eurozone crisis weighed on business confidence.
Activity in the U.K. construction sector shrank by most in six months in December, driven mainly by a steep reduction in housing activity.
New applications for the unemployment benefits in the world's biggest economy jumped to a five-week high during the last week, reflecting the usual volatility, which is seen during the holiday season, because of temporary hiring and the closure of government offices.
The number of unemployed people in the Europe's largest economy rose less than expected last month, while the overall jobless rate remained unchanged, a sign that deepening region's debt crisis curbed company investment and economic growth.
A composite indicator providing a reading on the direction of GDP growth for the Swiss economy compared with the year-earlier quarter declined for the third successive month in December as a sign of bleak prospects of the economy, recording a 0.22 point fall to 1.28. "Construction" modules fell slightly, while the "Banking" module stayed in positive territory. "In comparison to previous months the cooling