Macquarie Research has cut its 2012-13 GDP forecast to 6.9% from 7.9% citing lack of policy reforms and lagged impact of monetary policy tighteningThe knives are out and they are chopping economic growth forecasts. Each day brings more news which confirms the trend of a slowing economy. The fact that economic growth will slow down in...

EU parliament gives final approval to short-selling law. European Commission to debate sovereign ratings “blackouts” The European Union pushed ahead with its regulatory crackdown on Tuesday by giving the green light to curbs on trading sovereign-debt related derivatives at the heart of the euro zone crisis. The bloc’s financial services...