Ben Chu - The Independent

Ben Chu

Ben Chu is The Independent's Economics Editor. Previously he was the newspaper's chief leader writer.

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Matteo Renzi must tackle a weak economy as premier

Italy crashes back into shock recession as Spain recovers

Italy’s GDP contracted by 0.2% in the second quarter of the year

UK industrial production misses market expectations

Hopes for Britain’s economic rebalancing took another knock today as industrial production in June undershot market expectations.

Banks’ credit ratings downgraded as state bailout guarantees recede

The scourge of “too-big-to-fail” banks in the UK is receding, according to the Moody’s credit rating agency.

UK services industry expands to reach eight-month high

Activity in the dominant services industry accelerated in July, according to the latest major survey of the sector, posting the quickest rate of expansion since last November.

Banco Espirito Santo in Lisbon, Portugal: The bank needed bailing out despite passing stress tests

Why there could be more European banking quakes to come

Portugal has had to rescue the venerable Banco Espirito Santo. But there could be more European banking quakes to come

Spencer Dale, chief economist of the Bank of England

Bank of England's Spencer Dale leaves Threadneedle Street for BP in shock departure

Dale only took up his financial stability post at the Bank in June

Mervyn King: 'Last chance for European banks to restore their credibility'

Former Bank of England governor Mervyn King has warned European banks are facing a “last chance” to convince financial markets they are solvent as a rescue plan was launched for Portugal’s Banco Espirito Santo.

Confidence dips as realism kicks in

Business confidence has fallen for the first time in two years, raising further questions about the momentum of the recovery.

UK manufacturing growth slowest in a year

Growth in new export orders fell to a four-month low

At the presidential palace in Buenos Aires, Cristina Fernandez de Kirchner was not cowed into meeting the demands of hedge funds

Crying for Argentina: It has defaulted on its debts again and bondholders could take it to the brink...

But investors are betting that a deal with the vultures will come. Ben Chu looks at the domestic and global implications

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