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By now it should be clear to all that the only reason why Germany has been so steadfast in its negotiating stance with Greece is because it knows very well that if it concedes to a public debt reduction (as opposed to haircut on debt held mostly by p
The Greece impasse set to culminate on Sunday continues to have a massive impact on at least one stock market, unfortunately it is the wrong one,....
Asian shares lost early steadiness and Chinese stocks got off to a weak start on Thursday, while upbeat US economic data helped the dollar gain
It's the referendum without a real question and whose consequences are unclear even to Greece's leaders. So what is the vote all about?
Christine Lagarde comments likely to infuriate Greek government, whose plea for debt relief and bailout extension was rejected
As the world watches nervously, Greece, under pressure from the European Central Bank, takes the serious step of imposing capital controls: Banks are closed, ATM withdrawals are limited and funds cannot be sent out of the country.
Greece's finance minister tells Bloomberg TV he'd rather cut his arm off than agree to a deal without debt restructuring
It was precisely one week ago when we described how, for the first time in history, QE had officially failed to achieve its stated objective of pushing yields lower (ignoring that the real purpose is to push stock prices higher).
Just over two years ago, at the Milken global conference, the head of Apollo Group Leon Black said that "this is an almost biblical opportunity to reap gains and sell" adding that his firm has been a net seller for the last 15 months, ending with the
- Puerto Rico Governor says island cannot pay its $72 billion debt - Puerto Rico debt 15 times per capita median debt of the 50 U.S. states - Complicated arrangements misled bond investors to believe their funds were secure - Share price of bond i
This is the question that astute investors are forced to ask themselves these days. No reasonable person believes that a system of ever-expanding debt can resolve painlessly. It simply cannot happen… not, at least, until 2+2 stops equaling four.
In withdrawing from negotiations with Greece's international creditors and holding a referendum on whether Greece should adopt the further austerity required by the lenders' financial aid package, Greek Prime Minister Alexis Tsipras figuratively pull
1,000 Greek bank branches chanced a stampede in order to open their doors to the country's retirees on Wednesday.
The World Economic Forum released a report this week examining how fintech startups--the venture-backed upstarts out to reinvent financial services--are changing the finance industry.
TOKYO-- Global shares rose Wednesday as investors awaited further developments after Greece failed to make a debt repayment due Tuesday.
Well, it wasn't exactly a Black Monday, unless you live in Greece where the banks and the stock market are closed.
[Editor's note: This letter was written by a Greek-American friend of Simon's who is currently living near Athens.]
It's deja vu all over again.
The Greek bailout crisis remains unresolved, with European finance chiefs saying they would continue to examine Athens' last-minute debt relief proposal on Wednesday.
In withdrawing from negotiations with Greece's international creditors and holding a referendum on whether Greece should adopt the further austerity required by the lenders' financial aid package, Greek Prime Minister Alexis Tsipras figuratively pull
This is the question that astute investors are forced to ask themselves these days. No reasonable person believes that a system of ever-expanding debt can resolve painlessly.
Economic powerhouse Germany appeared to slam the door Tuesday on Greece's last-minute request for a third European bailout in five years, just hours before its financial lifeline was set to expire and the country would stumble into default.
German Finance Minister Wolfgang Schaeuble told lawmakers in Berlin that Greece would stay in the euro for the time being if Greek voters reject austerity in a referendum scheduled this week, according to three people present.
Greece - Political Nominations - WalletVoting & the Odds (www.BetFair.com in the UK)
The world's 400 richest people lost a combined $70 billion on Monday as equity markets around the globe were hammered on fears about Greece and declines in China fueled by leveraged investors exiting the market.
It is somewhat amusing that the word 'crisis' originates from Ancient Greece.
Negotiators are yet to clinch a deal that could eventually unlock millions of barrels of Iranian oil
In waht appears to be some level of German backing down, fiery FinMin Schaeuble has, reportedly said the following:
Having thrown the kitchen sink at their collapsing ponzi-scheme of a market in the past two days, only to see stocks open and crash once again overnight, it appears The PBOC went full intervention-tard in the middle of the morning session.
May as well spoil the ending of what happens at midnight local time today. Nothing (as previously reported). From Reuters:
