Global Economics Correpondent
Alan's Feed
Sep 17, 2012

China eyes more EU investment after slow start

LONDON, Sept 17 (Reuters) – The ambition of China’s No. 2
bank to spend more on a single acquisition than the value of all
of the country’s European deals in the past two years sends a
clear signal of intent: Europe is finally on China’s takeover
radar.

China Construction Bank expects to wrap
up an overseas takeover this year, Chairman Wang Hongzhang told
Reuters.

Sep 16, 2012

Policy euphoria makes way for humdrum data

LONDON, Sept 16 (Reuters) – The world’s top two central
banks have administered extra-strong monetary painkillers, but
the global economy will still need a lot more time to recover
from its thumping debt hangover.

Financial markets were euphoric after the Federal Reserve
surpassed expectations and promised on Thursday to keep the
money taps fully open until the U.S. labour market makes a
sustained recovery.

Sep 14, 2012

Analysis: Euro zone making scant headway on growth and reform

LONDON (Reuters) – The euro zone is finally getting a move on and slinging a safety net under the single currency. If only it were making as much headway in correcting the economic imbalances that made a rescue plan necessary in the first place.

The European Central Bank has bought time for the euro with a scheme for secondary-market purchases of bonds of countries such as Spain if they are shunned by investors. And the European Stability Mechanism is set to buy the debt as it is auctioned, after Germany’s top court approved the establishment of the permanent rescue fund. Immediate market pressure has subsided.

Sep 10, 2012

Analysis: Post-election Dutch may be awkward EU partners

THE HAGUE (Reuters) – The Dutch general election on Wednesday is likely to send a message of commitment to Europe diluted by grudging support for more integration and downright distaste for blank cheques to save the euro.

As such, the Netherlands finds itself in the new mainstream of north European creditor countries, led by Germany, where economic anxiety and resentment at the perceived fecklessness of Greece and other southern debtors is sapping support for the single currency.

Sep 9, 2012

Fed’s turn to meet expectations after ECB shines

LONDON, Sept 9 (Reuters) – Poor U.S. job figures for August
make it more likely that the Federal Reserve will take out extra
insurance this week against an economic relapse by plumping for
fresh monetary stimulus.

With Chinese growth slowing markedly and the euro zone mired
in recession, the United States is resuming its traditional role
as a motor – though not a high-powered one – for the global
economy.

Sep 7, 2012

Analysis: Dutch economic consensus model frays as challenges grow

AMSTERDAM (Reuters) – No matter who comes out on top in next week’s election, the Netherlands will find it hard to revive the practice of economic policymaking by consensus that has been one of the secrets of the country’s prosperity.

From fast-rising health care costs to the need for greater labour flexibility as the population ages, the Netherlands faces a host of challenges beyond Europe’s current cyclical slowdown if it is to maintain its competitiveness.

Jul 29, 2012

ECB’s Super Mario takes the stage

LONDON, July 29 (Reuters) – Mario Draghi may not need to
show his money this week, but impatient markets will be
unforgiving if the European Central Bank chief does not flesh
out his dramatic promise to do whatever is needed to save the
euro.

Given the threat that the long-running euro zone crisis
poses to the global economy, Thursday’s ECB policy-setting
meeting and subsequent news conference were always going to be
important.

Jul 26, 2012

History suggests euro’s obituaries are premature

LONDON (Reuters) – As talk persists that cash-strapped Greece might have to exit the euro, and bond markets panic over Spain, the fate of Europe’s single currency could soon be hanging in the balance again.

After “Grexit” and “Spanic”, is it finally time to get ready for “Eurover”?

Jul 25, 2012

Analysis: History suggests euro’s obituaries are premature

LONDON (Reuters) – As talk persists that cash-strapped Greece might have to exit the euro, and bond markets panic over Spain, the fate of Europe’s single currency could soon be hanging in the balance again.

After “Grexit” and “Spanic”, is it finally time to get ready for “Eurover”?

Jul 23, 2012

Confidence dives as Spain’s troubles grow

LONDON (Reuters) – Bleak news on confidence and growth underlined the parlous state of Europe’s economy on Monday, triggering a sharp fall in share prices and a spike in Spanish bond yields as investors fretted anew about the future of the euro.

The single currency slid to a two-year low against the dollar and a near 12-year trough against the yen after surveys showed the troubles of the 17-nation currency bloc are making consumers even more wary than economists had expected.

    • About Alan

      "I'm the Global Economics Correspondent for Reuters News based in London. I've reported from more than 40 countries over 30 years and have had postings in Frankfurt, New York, Washington, Paris, London, Tokyo, Singapore and Beijing. From the Plaza Accord to the creation of the euro and the rise of China, I'm lucky to have covered many of the big economic stories of recent years."
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