For December 22nd
0:29 a.m. Spain names a former Lehman brothers executive as its economy minister.
2:33 a.m. Malaysis announces plans to help boost growth by allowing more foreign investment in their banking sector.
3:11 a.m. Spending on the NewZealand rugby world cup appears to have boosted its economy with a 0.1% rise in the GDP from last quater!
5:19 a.m. Yahoo's shares rose 6% after it was reported that they planned n cutting their stake in Alibaba from 43% to 15%.
6:04 a.m. A record fine for discrimination, of $335million, has been placed on the Bank of America.
11:46 a.m. Economic revisions have placed the UK up at 0.6% for its growth, from the original estimate of 0.5%, whilst the US have been revised down to a 1.8% growth, down by 0.7% from the first estimate of 2.5%. Japan, on the other hand, are expected to shrink 0.1% significantly below the 0.5% growth, initially forecast.
1:19 p.m. IAG, British Aiway's owner, has bought BMI for £172.5million.
3:08 p.m. Italy's austerity package has been cleared by its senate, the package includes: spending cuts, tax rises and pension reforms.
6:35 p.m. UK Uncut has begun the legal process to force the UK bank Goldman Sachs pay more to the government after the HMRC let them off paying interest, which led to an estimated £8million short fall.
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