Ratings agency Fitch downgraded the debt ratings of Japan's Sony Corp and Panasonic Corp to "junk" status citing weakness in their consumer electronics and TV operations, further diminishing the luster of the once-great Japanese brands.
Eventually you run out of other people's money to pledge, and are forced to either pledge your own (and face that you'll never see it again) or tell the person with their hand out to stuff it.
The system of so-called "shadow banking," blamed by some for aggravating the global financial crisis, grew to a new high of $67 trillion globally last year, a top regulatory group said, calling for tighter control of the sector.
Hedge fund manager Kyle Bass was on Bloomberg’s Market Makers with Stephanie Ruhle talking about his bearish views on the E.U. and the status of the currency union as a whole.
A public clash between Greece's international lenders over how Athens can bring its debts down to a sustainable level has reignited fears that Europe's troubles could flare up anew.
Euro zone finance ministers suggested Greece, where the euro zone
Hong Kong will overtake London as the world's international financial capital by 2015, according to a new study by the Center for Economic and Business Research (CEBR).
Emperor Oil CEO Andrew McCarthy reveals:
• Why investors are hitting up high-risk regions
• Why Africa is more opportunity than risk
• How political risk is no longer limited to developing countries
• Why Shale WILL live up to the hype
• Why con
Greek lawmakers approved the country’s 2013 austerity budget, an essential step in Greece’s efforts to persuade its international creditors to unblock a vital rescue loan installment without which the country will go bankrupt.
Greece is fast running out of cash while it awaits the next tranche of its 130-billion euro ($165.16 billion) international bailout that is keeping it afloat, a deputy finance minister said on Friday.
The early morning peace is shattered by the sound of Pan’s saw biting through wooden planks as he constructs a new table. “There are no rules,” he says, “but we all have jobs. We’re not here to screw around.”
For years I have cautioned that changes in the ownership of gold held in the vaults of key central banks around the globe may not have been accurately reported.
As Dave Lutz at Stifel, Nicolaus points out, defense stocks are "ground zero" for the fiscal cliff, since the cliff is supposed to whack defense spending.
For decades, almost half of Germany's gold has been stored deep below the Federal Reserve Bank of New York. Now, with the euro crisis swirling, German politicians are asking their central bankers to take stock of the reserves. Some even say that the
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