For December 20th
0:32 a.m. Cuban banks have begun lending to civilians and private businesses, making it another step towards a free market reform in the heavily communist nation.
0:44 a.m. The US Federal Reserve has proposed new measures to prevent future collapses for it's US banks, including forcing them to increase thir minimum amount of held cash.
1:19 a.m. Nike's second quarter takings show an increased demand and profits for its branded sportswear.
9:23 a.m. The UK's borrowing has fallen by £2billion since last year, for November, making it the third month in a row in which Britain's borrowings have fallen.
11:57 a.m. The EU defends plans to, as of the new year, place a carbon tax on airlines flying to and from its 27 members, despite objections from foreign airlines.
1:14 p.m. Spain's borrowing costs fall dramatically with their six and three month bonds raising €1billion more than expected, at interest rates over half of last year!
2:07 p.m. Japan's exports have fallen another 4.5%!
2:37 p.m. Borrowings from the EU's three year borrowing exceed expectations with €489billion being lent, although doubts still remain as to whether the banks will invest in Eurozone sovereign debt.
4:03 p.m. Italy's economy has shrunk 0.2% in the past month.
11:29 p.m. Prosecutors raid Olymus's HQ in ongoing investigation into earnings probe.
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