FT.com - Global Economy
FT.com - Global Economy


Spain hit by rise in bad bank loans
Value of bad loans held by banking sector increased a third during the past year to ?148bn and accounted for 8.4% of their entire loan portfolios

Global equities extend losing streak
Growth assets are shunned as investors fret about the future of the eurozone and the global economy, sending yields on German Bunds lower

Brazil stimulus fails to raise growth
Contraction makes Brazil?s growth second slowest in Latin America and comes as Asia?s major emerging markets, China and India, are also decelerating

G8 leaders urged to focus talks on growth
Barack Obama says the summit of the world?s leading economies will focus on ways to promote growth in Europe and backed fiscal consolidation efforts

China linked to ?economic espionage?
The Pentagon report says the country will continue to be an ?aggressive and capable? collector of sensitive US technological information

Briton to head development bank
Sir Suma Chakrabarti will be the first non French or German president of the European Bank for Reconstruction and Development

China property prices extend decline
Home prices in 46 out of 70 Chinese cities fell in April, indicating that prospects for a rebound remain distant for a key driver of growth

Faltering start for the new Facebook
Glitches delayed the opening of trading and underwriters had to intervene to prevent the group?s shares falling below the $38 price set on Thursday

Chinese desert Hong Kong art market
Sales from mainland buyers halved at Sotheby?s spring auctions, which CEO Kevin Ching blames on Beijing?s tightening of access to credit

Iran helps Syria defy oil embargo
A tanker attempts to evade detection by switching flags and ownership, as it assists the Assad regime in bypassing international sanctions

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