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Spanish borrowing costs up, German rating may go down
Juli Niemann Jul 24, 2012
Spain's borrowing costs are up to 7.5 percent -- the higest since it joined the euro. As a result of the regional crisis, Moody's announced today that it is poised to lower Germany's credit rating to AA.
China wants oil company with U.S. assets
Mitchell Hartman Jul 24, 2012
Analysts don't expect a replay of the fight that stopped CNOOC from buying Unocal.
Spain leads to more woes for Europe
Julia Coronado Jul 23, 2012
New fears of a Spanish recession despite bailout measures are shaking global markets today as the threat of Greece's economic crisis still looms large in the region.
New fears of Spanish bailout rise
Stephen Beard Jul 23, 2012
Overseas markets are sliding this morning on new worries about Spain. After last week's bank bailouts, that seemed like an end to the country's crisis, Spain's borrowing costs are up again to 7.5 percent.
Oil services firms get squeezed by slowdown
Mark Garrison Jul 20, 2012
Schlumberger and Baker Hughes help big oil drill. But their business is softening as some drillers pull back due to the economic slowdown.
British lawmakers concerned over oil price reporting
Stephen Beard Jul 16, 2012
In the U.K. today, lawmakers are highlighting an overlooked G20 report that says oil price-reporting has some uncomfortable similarities to the LIBOR rate fixing scandal.
Italian debt rating downgraded two levels
Stephen Beard Jul 13, 2012
In Europe today, the focus has shifted from Spain to Italy, in the ongoing EU debt crisis. Moody's credit rating agency has downgraded Italian debt to just two levels above junk status.
EU sanctions Iran by refusing to insure oil tankers
Kai Ryssdal Jul 12, 2012
Iranian oil producers may find other ways to sell their product, but with few options to insure their ships, a lot of oil will be sitting in the harbor.
Spanish leaders announces new austerity measures
Stephen Beard Jul 12, 2012
As the first batch of bailout funds arrives at Spain's banks, Prime Minister Mariano Rajoy has announced an austerity plan to slash the public deficit. This includes tax hikes and cuts to unemployment benefits.
What's up, Europe? Protesters in Madrid
Kai Ryssdal Jul 11, 2012
In Spain today, the government announced new austerity measures to meet the terms of the bank bailout early this month: $80 billion worth of tax increases and pay and benefit cuts.
