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.
All hopes rest on Germany: its vibrant economy teeming with globalized, ultra-competitive, export-focused companies would drag France and other Eurozone countries out of their economic morass.
The euro just fell to its lows of the day.
The Cayman Islands has seen a rise in foreign workers despite increasing levies they pay and announcing plans to lift the lid on the tax haven.
A controversial economist and former presidential candidate who accuses the West of conspiring to turn Russia into an economic colony has emerged, sources said, as a leading contender to take charge at the country's central bank.
The United States proves Emilia right. Privatization here has produced the highest health care costs of anywhere else in the developed world; the United States spends far more money on health care than any other OECD nation. And, although the bankste
Every day, public and private data-gathering agencies publish economic reports that are widely reported on by the business media
China is back after its one-week Lunar New Year holiday, and stocks are up.
Markets are down across Europe early in the trading session.
The Chinese New Year (CNY) holiday is big for retail sales. Extending from February 9 to 15, CNY was big this year, climbing 14.7 percent from last year's holiday.
A Muslim preacher has been secretly recorded explaining to followers how to receive government assistance they can use to fund a Muslim holy war.
economy
The blockbuster bid for a U.S.-European Union trade deal announced by President Obama in Tuesday’s State of the Union speech won’t be easy, but it has the potential to reshape the global export market and provide a nudge to economies on both sides of
During most of the 2000s, I patiently sat on the sidelines while the paper-fueled run up in asset prices (primarily stocks and real estate) in my home country took off.
Chinese netizens are widely discussing a rumor that the Chinese government is planning to move the country's capital in the next few years.
James Glattfelder studies complexity: how an interconnected system -- say, a swarm of birds -- is more than the sum of its parts.
Here's a neat breakdown of domestic and international gold consumer demand trends from the World Gold Council.
As markets decline in Europe, in part thanks to ugly GDP reports, the Euro is getting clobbered.
Ron Paul was on Bloomberg’s Lunch Money discussing the developing currency wars.
Will oil soon be traded in a currency that is thousands of years old?
With the web’s mightiest retailer behind it, the coins could grow into something significant.
The junta called the government of Argentina has announced that business owners do not REALLY own their goods, and may not sell them for whatever price they wish. Price controls are now in effect to curb inflation, at least that's the official line
Punta del Este, Uruguay Charming” is, I believe, the word most often used to describe Uruguay. People tend to make a lot of parallels to the United States in the 1950s– a much slower pace of life, less government intrusion, and family focused.
The United States has urged Russia to “honor its obligations” as a WTO member and “restore market access for US meat and meat products immediately.” Earlier the Russian food watchdog claimed the ban over additive ractopamine will be long-term.
Gas prices hit a national average of $3.59 Monday – the highest ever for a Feb. 11. Several factors will continue to drive up costs, but not to last year's highs, analysts say.
Former World Bank president James Wolfensohn discusses the future of the global economy.
Venezuela’s government announced Friday that it is devaluing the country’s currency, a long-anticipated change expected to push up prices in the heavily import-reliant economy. Officials said the fixed exchange rate is changing from 4.30 bolivars
Gary Franchi and Next News Network interview Trends forecaster Gerald Celente covering our current condition and future paths. Topics discussed cover the economy, the power play behind ever expanding wars and the natural resources involved, Wall Str
US firm Las Vegas Sands said on Friday that it will go ahead with the construction of a vast casino project near Madrid which could create up to 200,000 jobs, the Madrid regional government said.
By Delusional Economics, who is determined to cleanse the daily flow of vested interests propaganda to produce a balanced counterpoint. Cross posted from MacroBusiness.
