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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.
France has suffered a serious blow to its economic credentials after being stripped of its prized AAA credit rating by Moody’s.
There are only a few people who get it: the era of cheap food is over.
Kyle Bass is famous for his big, bearish comments (and bets) against highly indebted sovereign governments.
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.
The Economist matters, at least in some circles.
SWITZERLAND, THE NETHERLANDS, AND ECUADOR JOIN GERMANY IN CALLS FOR AUDITS OF THEIR GOLD
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.
Developments at the Cato Institute have in recent months taken a surprising turn.
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
The Daily Bell is pleased to present this exclusive interview with Ned Schmidt
Kind of old news -- that Greek stocks are getting massacred -- but they are again.
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
Moving to Qatar means a life of luxury for many expats, but the country is experiencing growing pains, writes guest columnist Victoria Scott.
Last Wednesday, sailors aboard the Argentine naval ship held in Ghana by hedge fund manager Paul Singer drew their guns.
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.
Greek unemployment rose to 25.4pc in August. Youth unemployment rose to 58pc.
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.
Comic book author, whose V for Vendetta mask is an Occupy symbol, likens today's stark economic divides to work of killer
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.
Right now, investors in the U.S. are watching stocks crater big after last night's election.
South Korean media has been abuzz for the last few weeks with the tales of 8City, a proposed $290 billion leisure and gaming destination.
The Financial Post has an interesting story on the state of the Canadian jobs market. It seem over 100% of job growth is from government jobs.
Youth unemployment is rising steadily in the EU as the economic crisis in Europe deepens.
class war
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
