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IRELAND
Poll shows support for Lisbon Treaty slipping
Support for the Lisbon Treaty in recession-hit Ireland is dropping, according to a poll released Thursday. The survey comes ahead of the Oct. 2 referendum on a revised version of the treaty the Irish rejected last year.
WORLD ECONOMY
Timothy Geithner sees 'first signs of growth'
US Treasury chief Timothy Geithner sounded an optimistic note on Wednesday, saying he had seen "the first signs of growth, positive growth, in this country and around the world" in a media briefing.
JAPAN
Opposition scents victory as campaign draws to an end
Japan's political leaders wound up campaigning on Saturday ahead of key legislative elections that could see the end of the ruling conservatives' almost unbroken hold on power since 1955.
JAPAN
Economic worries to play a key role in legislative vote
Japan goes to the polls on Sunday in legislative elections that could see the end of the ruling conservatives' almost unbroken hold on power since 1955 and the emergence of the Democratic Party of Japan – with a radical economic agenda.
MARKETS
Asian stocks hurt by grim consumer data from US
News that Japan's economy had clawed its way out of recession in the second quarter could not prevent Asian equities from taking a beating on Monday as investors’ confidence was dampened by weaker-than-expected US consumer confidence.
ECONOMIC CRISIS
Hong Kong pulls out of recession in second quarter
Hong Kong's economy clawed its way out of recession in the second quarter as GDP jumped 3.3% from the previous quarter, helped by the recovery in mainland China.
ECONOMY
Battle heats up in fight to save jobs in France
French unions have never taken the threat of job cuts sitting down: but with job cuts coming thick and fast, the unions are hitting back with increasingly aggressive tactics. This kind of violence seems far less common in the rest of Europe.
EUROZONE
ECB keeps interest rates at record low
Despite tighter lending conditions and fears of deflation, the European Central Bank (ECB) kept its main interest rate unchanged at a record low of one percent on Thursday. The Bank of England also left its key rate unchanged at 0.5 percent.
ECONOMIC CRISIS
US recession is easing but hard times are still ahead, say officials
According to administration officials, US economic growth is highly likely to resume in the second half of the year. But they also warn that the jobless rate will continue to climb from its current level of 9.5 percent during the upcoming year.
28/07/2009 - FACE OFF

Economic crisis: light at the end of the tunnel?

World stocks reached fresh 9-month peaks this morning after U.S. stocks extended their steepest two-week rally since 2000 on monday. So could it be a sign of the end of the crisis or is it simply too soon to rejoice?
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