Just weeks after defaulting (yet again) on its debt (whether technically or not), and shortly after raising the minimum wage by 31% (to $523 a month) amid runaway inflation, it appears Argentina has gone full-Venezuela.
Summer is over and many Europeans may have to keep warm this coming winter by thinking about their summer holidays while wrapped in blankets, praying for a short winter or for the world to come to its senses. It both cases, they may well be disappoin
Discussions of the possible collapse of the U.S. dollar often center around how such an event will affect the domestic economy. But the dollar doesn't just operate inside of a bubble.
Europe has been mired in an economic crisis for half a decade now. Germany is the economic engine of Europe, and it is expected that it will at some point pull Europe out of its crisis. There have been constant predictions that Europe may finally be
Chinese ecommerce giant Alibaba is set to raise up to $21 billion in its IPO, with shares expected to be priced at between $60 and $66, according to a filing with the SEC.
If you're looking around right now for a new bank account that pays a reasonable rate of return, ANZ bank has a hell of a deal for you: 0%!
ECB Meets in Frankfurt
BRUSSELS (Reuters) - Europeans could be barred from buying new Russian government bonds under a package of extra sanctions over Moscow's military role in Ukraine that European Union ambassadors were to start discussing on Monday, three EU sources sai
When it comes to keeping track of China's economy, one can listen, and ignore, the official goalseeked and made-up-on-the-fly data released by the government, or one can simply observe the price dynamics of the all-important Chinese commodities secto
Eurozone Manufacturing PMI at 13-Month Low, with Germany Worse than Expected, Italy and France in Contraction.
Let's talk about the ongoing power shift from the West to the East.
The European Central Bank meeting on Thursday is the prime event for markets seeking clarity on the bank's response to a stalled recovery, disappearing inflation and the sluggish pace of reform in the euro zone.
As the tide in the Ukraine civil war turns, the EU threatens Russia with more mindless sanctions.
Folks, take economic cover.
Just recently, farmers in the city of Tamura, Fukushima Prefecture, have begun planting rice in a district previously designated as a 'no-plant zone' due to of radioactive fallout
Don't be surprised to lose if you don't make an effort at being competitive.
Currency Reform In Ancient Rome.
The United Kingdom will push the European Union this weekend to consider the most punitive sanctions yet against Russia for its involvement in escalating the crisis in Ukraine.
Last week, Ukrainian Prime Minister Yatsenyuk pushed a bill through the Verkhovna Rada that would see his country's gas transportation system sold off to a group of international investors.
The concept that has underpinned the modern geopolitical era is in crisis.
As If Millions Of European Voices Suddenly Cried Out In Terror: US Threatens More Russian Sanctions
Aug. 27 will officially go down as a red letter day in the history of reserve currencies and dollar hegemony in how oil and gas are purchased throughout the world.
If the voters of Switzerland do choose to back their currency with gold I promise you that there will be MUCH more interest in the Swiss franc.
Argentina's peso slumped to a record low in the parallel market, deepening its slide since last month's default and prompting government officials to say holdout creditors are behind a speculative attack.
Bloomberg's Michael Riley and Jordan Robertson report the FBI is probing whether Russia may be tied to hacking and theft of data at JP Morgan and another U.S. bank in retaliation for sanctions against its incursions in Ukraine.
The Liberal Delusions That Provoked Putin.
The Nail In The Petrodollar Coffin: Gazprom Begins Accepting Payment For Oil In Ruble, Yuan.
It Begins: Council On Foreign Relations Proposes That "Central Banks Should Hand Consumers Cash Directly".
After spending time in Argentina, BofA's Marcos Buscaglia is concerned...
Years of low coffee prices followed by the worst drought in decades in Brazil have pushed even the smallest family farmers to buy modern machinery rather than rely on increasingly scarce and expensive labor.