Japan’s Debt Sustains a Deflationary Depression
Finance chiefs of the Group of Seven leading industrialized powers will hold emergency talks on the euro zone debt crisis on Tuesday in a sign of heightened global alarm about strains in the 17-nation European currency area.
Yields on 10-year Treasuries plunged to a record-low 1.56 percent on Thursday morning as panicky investors stormed out of European financial assets into German and U.S. government bonds.
Five million Brazilian farmers are locked in a lawsuit with US-based biotech giant Monsanto, suing for as much as 6.2 billion euros.
Italian Prime Minister Mario Monti believes eurobonds will become a reality in the 17-nation euro zone and that Greece will remain in the single currency, he told a Greek newspaper on Saturday. Monti, a respected former European commissioner who b
A top Argentine official denied on Friday that the government plans to devalue the peso amid rumors that drastic official actions are looming. "We are not going to take any explosive measures," Deputy Economy Minister Axel Kicillof said at a news
Mr Zoellick, after 5 years in charge of the watchdog, said it was ‘far from clear that eurozone leaders have steeled themselves’ for the looming catastrophe amid fears of a Greek exit from the single currency and meltdown in Spain.
This has directly lifted the crushing burden of debt form the shoulders of over one quarter of the Icelandic population, something which many people around the world – but especially in the United States, Greece, Spain, Italy and other nations strugg
Madrid was dealt a double blow on Thursday after it emerged that almost €100bn in capital had left the country in the first three months of the year and the head of the European Central Bank lambasted its handling of Bankia, the troubled Spanish lend
Spanish 10-year borrowing costs neared the 7 percent danger level and Bankia shares hit record lows on Monday after the government, struggling to sort out its finances, proposed putting sovereign debt into the struggling lender.
Bad stuff, they say, comes in threes. We've already got the banking and the eurozone sovereign debt crises. Next comes the corporate funding crisis.
Just because you were once the most powerful nation on earth does not mean that you will always be the most powerful nation on earth. Every single year, hundreds of billions of dollars leaves the United States and goes to China.
Southern Europe's debtor states must pledge their gold reserves and national treasure as collateral under 2.3 trillion euro stabilisation plan gaining momentum in Germany. The German scheme -- know as the European Redemption Pact -- offers a form of
The chief executive of the multi-billion pound Lloyd's of London, the world's leading insurance market is prepared for a collapse in the single currency and has reduced its exposure "as much as possible" to the crisis-ridden continent.
New economic figures point to a renewed downturn of the world economy amid a growing debt crisis in Europe and the threatened breakup of the euro zone.
The situation in Iceland is something those of us outside of the volcanic island nation hear about far too little, and when one examines the story of how Iceland triumphed over massive debts
It is only a trickle so far, and not nearly enough to constitute a classic bank run. But these growing transfers of deposits out of troubled Spanish banks reflect a broader fear that the country’s problems could make it hard for Spaniards to get to t
The board of directors of Spain’s troubled bank, Bankia, says it has agreed to ask for $23.8 billion in state funds. The bank’s president said the recapitalization “reinforced the solvency, liquidity and solidity of the bank.”
Everyone has their own opinion on what will happen to the Chinese economy if Europe blows up. That ranges from a totally delusional “nothing happen” to, well…
European equities markets saw a major sell-off, while EU leaders prepared to meet for an informal summit in Brussels. The euro fell and stuck below the important $1.26 benchmark.
US manufacturers have attacked plans by JPMorgan Chase to launch an exchange-traded fund backed by physical copper, arguing that the product would “grossly and artificially inflate prices” and “wreak havoc on the US and global economy”.
As our political system sputters, a wave of innovative thinking and bold experimentation is quietly sweeping away outmoded economic models.
Global stocks enjoyed one of their best days in weeks on Tuesday ahead of a summit of European leaders that's expected to be dominated by calls to boost economic growth.
There has been no official announcement. No terms or conditions have been disclosed. But Greece’s banking system is being propped up by an estimated €100 billion or so of emergency liquidity provided by the country’s central bank
Half of Irish homeowners are refusing to pay a new property tax introduced to bailout the banks—that is, for "austerity," as this policy is usually called. The looters threaten violence, but no government can enforce such an evil against half the pop
As prices for most necessary commodities, such as fuel, rise and salaries fall, citizens of Europe’s strongest economy resort to desperate measures.
The evidence of a China slowdown which is somewhat worse (perhaps much worse) than what the market was expecting continues to pile up.
Kyle Bass was one of the handful of hedge funders who made a fortune betting against housing during the subprime bust, and since then he's been stalking his next big "career trade."
Global banks see market rally on Greek exit