Europe’s surprising decision to force bank depositors in Cyprus to share in the cost of the latest euro zone bailout set off increasing outrage and turmoil in Cyprus and fueled fears that the trouble will spread to countries like Spain and Italy.
One of the biggest problems presented by the euro crisis has been the financial connection between the banks and their governments.
What will be the market impact from the Cyprus bailout?
The talk everywhere right now is about Cyprus, and the controversial bailout package that was agreed to in the early hours of Saturday morning.
The ‘Australian Government’ is now set to ‘legally’ seize money from citizens bank accounts without their knowledge or approval.
Kyle Bass, addressing Chicago Booth's Initiative on Global Markets last week, clarified his thesis on Japan in great detail, but it was the Q&A that has roused great concern.
Several hundred miles east of Kinshasa in the Democratic Republic of Congo, the mighty Kasai river forms the boundary between two little known tribes of central Africa– the Bushong and the Lele.
In August 2011, while undergoing cancer treatments that ultimately failed him, Venezuela’sPresident Hugo Chávez began withdrawing 160 tons of gold from U.S., European and Canadian banks.
The European Parliament overwhelmingly rejected a proposal for the European Union's €960 billion ($1.3 trillion) budget Wednesday, in the latest example of the lawmakers newfound resolve to stand up to the union's national leaders.
Will gold, silver, and bitcoin be enough to save us? Will a three month food supply be enough?
If the international media are to be believed the world, still struggling with recession, is faced with a potential new threat emanating from China.
Europe has spent hundreds of billions of euros rescuing its banks but may have lost an entire generation of young people in the process, the president of the European Parliament said.
For nearly two decades, we've counted on China to be the perpetual growth machine that would power the world's economy.
The two most hated currencies in the world are the yen and the British pound.
The yen is falling again today.
Now that Hugo Chávez is out of the way in Venezuela, the banksters are free to move forward with the effort to loot and pillage the oil-rich nation.
Italy's Bersani on collision course with Germany and ECB over austerity ... Italy's Pier Luigi Bersani vowed to break free of the country's austerity regime as he laid out plans for a centre-Left government, risking a serious clash with Germany and t
Of the major central banks meeting this week, the Bank of England seems the most likely to alter policy.
The British government has made it easier for local authority pension schemes to invest in infrastructure by doubling the amount they can invest to up to 30% of their assets, paving the way potentially for billions of pounds of investment to be made
Real estate mogul Zhang Xin tells 60 Minutes that residential development in China has reached the end of the road.
The risk that Britain is entering its third recession in four years grew on Friday with figures showing that manufacturing shrank unexpectedly last month and mortgage approvals for home buyers dropped in January
HEADS UP: The world's biggest economies are releasing their February manufacturing PMI reports and this is our scorecard.
The European economy has been a trainwreck for a long time, but there have been varying stages of it
Profitability and sales are harder to come by in China as U.S. firms face increasing competition from domestic and foreign players, said a U.S. business group survey on Thursday.
In a classic example of an anti-free-market collapse, fifty pharmaceutical companies are now halting supplies of drug medicines to the nation of Greece, causing severe shortages of over 200 popular pharmaceutical medicines there.
The usually reserved waitress at our favorite Greek-owned Sunday breakfast place approached us in dismay. Her daughter and son-in-law were escaping Greece for the US. Even middle class professionals were finding themselves digging in the garbage
It is a very rough start for Italian markets, following last night's shock elections, which are likely to result in a hung government.
Real austerity is not adding more difficulties on the productive sector of the economy in the form of higher taxes. The private sector produces, the public sector consumes. The IMF’s idea of raising taxes on individuals to pay off banksters
Britain suffered its first ever sovereign ratings downgrade from a major agency on Friday when Moody's stripped the country of its coveted top-notch triple-A rating, dealing a major blow to finance minister George Osborne.