24/05/2012 13:01 AST

German business confidence fell more than economists forecast in May as speculation that Greece might leave the euro area clouded the economic outlook.

The Munich-based Ifo institute said today its business climate index, based on a survey of 7,000 executives, dropped to 106.9 from 109.9 in April. That's the steepest decline since August, when the region's debt crisis spread to Italy and Spain, and below all 37 estimates in a Bloomberg News survey of economists. The median forecast was for a decrease to 109.4.

For more on this Click Here


Bloomberg

Ticker Price Volume
Index Closing Change
NIKKEI 225 36,581.76 -251.51 (-0.68%)
DAX 18,699.40 181.01 (0.97%)
S&P 500 5,626.02 30.26 (0.54%)
Trump announces sweeping tariffs on imports, raising fears of inflation and trade wars

03/04/2025

US President Donald Trump on Wednesday announced sweeping new tariffs on nearly all U.S. trading partners, including a 34% tax on imports from China and 20% on goods from the European Union, in a bi

Saudi Gazette

Trump hits auto imports with 25 per cent tariff starting next week

27/03/2025

President Donald Trump signed a proclamation to implement a 25 per cent tariff on auto imports, expanding a trade war designed to bring more manufacturing jobs to the US and setting the stage for an

Bloomberg

Oil Updates - crude steady as investors weigh impact of Trump tariffs

26/03/2025

Oil prices were little changed on Tuesday as markets weighed the impact of newly announced US tariffs on countries that buy Venezuelan oil and the uncertain outlook for global demand.

Brent

Reuters

Global energy demand up 2.2% in 2024, above 10-year average: IEA

25/03/2025

Global energy demand saw an above-average annual rise of 2.2 percent in 2024, fueled by rising electricity consumption and growth in emerging economies, according to a new report.

Analysis b

Arab News

Global economic growth to average at 3.1% in next 5 years: IMF official

24/03/2025

Global economic growth is expected to average around 3.1 percent in the next five years, below the pre-pandemic level of 3.7 percent, according to an International Monetary Fund official.

Sp

Arab News