Global manufacturing remained deeply depressed in Europe and much of the developed world, even as North America largely showed strength this June, new data out of Markit Economics shows.
Hope persists that Germany would not only bail out Spain and the rest of the Eurozone but would also tolerate the Fed-ization of the European Central Bank.
Goldman Sachs considers Korean trade data to be Asia's "canary in the coal mine" due to its high correlation to economic activity in mainland Asia.
Ever since European central bank president Mario Draghi said the ECB will "do whatever it takes to preserve the euro", market expectations have been raised for its meeting tomorrow.
Is the rest of Eberling's excellent booklet "The Free Market and its Enemies" available on-line somewhere? We've enjoyed our paper copy *(from Investment Rarities many years ago) & have searched for an on-line source forRead Letter
Greece on Monday said it was reviving efforts to conclude an accord with Switzerland in order to tax Greek bank account holders there, as central bank data showed a large outflow of deposits abroad.
The European Central Bank is thinking the unthinkable to save the euro, including resuming its controversial bond-buying programme and possibly even pursuing quantitative easing - in effect printing money.
Hungarian Prime Minister Victor Orban lashed out at the European Union for failing to solve the bloc’s economic crisis on Saturday, a day after calling for a new economic system.
Olympics organizers were urgently investigating why several venues had swathes of empty seats on Saturday, the first full day of competition at the London Games.
Spain’s jobless rate neared 25 percent in June, officials said Friday, darkening the recession outlook despite relief on financial markets at a vow of support by the European Central Bank.
London Mayor Boris Johnson shamed presumptive Republican presidential nominee Mitt Romney in front of a crowd of 100,000 people at the Olympic torch lighting on Thursday.
Late last night I arrived to Brussels. As the capital of the European Union, Brussels is Europe’s political mother ship, the home base of the continent’s good idea factory.
...policy makers are hamstrung in how to rescue an economy twice the combined size of Greece, Ireland and Portugal.
Chongqing Iron and Steel Company is said to have defaulted on some of its debt in the past few years, totalling to some RMB3.6 billion, once again highlighting the difficulties steelmakers are facing amid slowing demand and over-capacity.
Citi’s Chief Economist Willem Buiter just ramped up his odds of a Greek exit from the euro.
• Why global trade will collapse if Romney wins • Why investors should get out of stocks and commodities • Why we have been oversold on shale gas and renewable energy • Why oil prices will likely fall in the short-term • Why the Eurozone is doome
After 1949 when the Communists defeated the Nationalists for control of China, the mournful refrain from Washington, D.C. was “Who Lost China?”
Europe is giving new meaning to the term "bootstrapping," the age-old (virtuous) idea of picking oneself up off the floor after some blow or reversal of fortune has laid you low.
Europe appears to be dismembering. We see Spanish yields breaking well above 7%. The Spanish government bond market is essentially closed to private investors.
There was a time when regulators caught red-handed abusing their privileges, aka, doing nothing in the face of glaring malfeasance
Tell us about Merk Funds. How much does it manage and in what capacities?
A senior economist for the International Monetary Fund, Peter Doyle, has merely reaffirmed what is evident and obvious about the IMF ... that it is not a proactive organization when it comes to defusing global financial crises.
Intentional distortions of one of the world's most important financial benchmarks has sparked a worldwide scandal.
The Spanish government completed a short-term debt auction earlier this morning.
New economic data out of the Eurozone suggests things are just getting worse.
This Friday the Summer Olympics will officially start — can London escape the "Olympic Curse"?
"After twenty years of service, I am ashamed to have had any association with the Fund at all," wrote Peter Doyle an ex-economist for the International Monetary Fund.
No doubt, Eastern Europe is a part of the world where people are accustomed to being abused by politicians.After decades of Soviet Rule, the cultures in places like Ukraine, Moldova, Azerbaijan, Belarus, etc. have been inculcated with a strong mistru
Migrant workers who look for jobs in cities in China are now leaving the cities and going back to their home towns as jobs losses mount amid economic slowdown.
We are meeting in the heart of the City after the banking blog called on rating agency employees to talk about their experiences.