Huky Guru posted a couple of interesting charts on his blog today about shrinking credit but rising percentage of nonperforming Spanish bank loans: NPLs of banks rebounded to 16.59%. Seven points higher than in the 1994 crisis.
Moody's Investors Service cut Russia's sovereign debt rating to 'Baa2' from 'Baa1', becoming the second ratings agency to cut the country's ratings this year, after S&P initiated a downgrade in April. Moody's said the prolonged crisis in Ukraine was
Eco-warrior turned chemist Michael Braungart is trying to kickstart a new industrial revolution.
Political uncertainty in Athens is triggering turmoil in the continent's nervy markets.
The first, of course, is the one that preoccupies most writers and commentators on the question. The dominant metaphor seems to be a sort of global seesaw, with a few hugely rich individuals weighing down one end and the rest of us clinging for dear
in the early 1960s, financial journalist Henry Hazlitt warned against efforts to create an international system to help facilitate the smooth transfer of currencies.
Once in a blue moon officials commit truth in public, but the intrepid leader of Germany's central bank has delivered a speech which let's loose of three of them in a single go.
The dollar went against gold, traveling south with stocks in a series of gut-wrenching plunges. Nonetheless, the mainstream media seems predictably gloomy about whether gold can continue a two-week winning streak.
There are strong indications that the remarkable run up of asset prices in the last few years is beginning to run out of steam and may be on the verge of collapse.
A world-topping 95% of Vietnamese say most people are better off in free-market economies, and 76% of Chinese agree, according to a Pew survey of nearly 49,000 people worldwide that might have astonished Ho Chi Minh and Mao Zedong.
Oil prices sank again on Monday, giving consumers more of a break and causing a split among OPEC leaders about what action should be taken, if any, to halt the slide.
Crude is getting smoked.
Are you invested in Monsanto stock like Bill Gates, who owns hundreds of thousand of Monsanto shares worth about $23 million?
"In the last two years, Monsanto has reported huge losses, so we must be doing something right...
It's Monday morning and the New York Fed's new "Chicago office" has been busy all night attempting to reverse the expanding collapse of global financial markets.
LONDON/NEW YORK (Reuters) - Saudi Arabia is quietly telling the oil market it would be comfortable with much lower oil prices for an extended period, a sharp shift in policy that may be aimed at slowing the expansion of rival producers including thos
The Nobel Prize in Economics was just announced. It's gone to Jean Tirole for his analysis of market power and regulation.
The vice-president of Russia's state-owned oil behemoth Rosneft has accused Saudi Arabia of manipulating the oil price for political reasons.
A new report shows that four out of five purchases in Sweden are paid for electronically or by card.
Russia and China, the two strategic Eurasian nations, are moving clearly to ultimately break free of the stranglehold of the Dollar System.
Stocks in Dubai crashed 6.5% on Sunday.
In 2013, international migrants sent $413 billion home to families and friends — three times more than the total of global foreign aid (about $135 billion).
A new report of "economic freedom" around the world finds the US ranked 12th among 152 countries, tied with the United Kingdom, and lower than neighbor Canada or Australia.
Jeff Deist and Claudio Grass discuss the uniquely Swiss mindset behind the upcoming Swiss gold referendum, and how decentralization of political power is part of Swiss DNA
The use of pre-paid mobile-phone minutes as a currency.
Washington (AFP) - The International Monetary Fund stepped up its warnings over a possible eurozone recession Thursday, pressing governments like Germany to spend more for reverse a stall.
Hong Kong is one of the most densely populated areas in the world. Here are some facts about its housing, wealth, and economy that will make you realize its importance to the region.
There are some who believe that the next great financial crash will not begin in the United States.