Former Goldman Sachs economist Jim O'Neill is the one who popularized the term "BRICs" in reference to the group of emerging-market economies made up of Brazil, Russia, India, and China.
The Trans-Pacific Partnership is being called the “NAFTA of the Pacific” and “NAFTA on steroids”, but the truth is that it is so much more than just a trade agreement. This treaty has 29 chapters, but only 5 of them have to do with trade. Most Amer
Is the era of American exceptionalism coming to an end?
The Bank of England must explain exactly how it will police Britain's flagship 'help to buy' housing stimulus program, the head of an influential parliamentary committee said, amid concerns the scheme could inflate a property bubble.
In 2009, Jim Rickards, a lawyer, investment banker and adviser on capital markets to the Director of National Intelligence and the Office of the Secretary of Defense, participated in a secret war game sponsored by the Pentagon at the Applied Physics
The European Central Bank (ECB) cuts its main interest rate to 0.25 percent from 0.50 percent on Thursday, sending the euro sharply lower.
Draghi introduced still-more-easing into Europe this morning as his surprise cut created turmoil in markets. What this means today, tomorrow, or next week is anyone's guess.
The Great American Shale Boom has helped U.S. homeowners and manufacturers alike lower their electricity bills.
Chutzpah. I believe that’s the word for it.
While the public's attention has been focused recently on revelations involving currency manipulation by all the same banks best known until recently for dispensing Bollinger when they got a Libor end of day.....
Inspectors from Greece’s international lenders have put a postponed visit to the country back on the agenda and will return after Athens made a new proposal on filling a gap of 2 billion euros in the 2014 budget, the European Commission has said.
How did Ireland get into this immense cavern of debt? Irish leaders decided that it was in the best interest of the country to bail out its failing banking system and guaranteed all of their banks deposits, loans and bond liabilities.
On Wednesday Finland gave in to public pressure and revealed where she stores her gold reserves.
India's love affair with gold is well-understood in Asia but completely misunderstood in the West
For all your Sunday morning chartporn needs.
The unemployment rate in the eurozone is higher than it has ever been before.
Sky sources have confirmed traders have been suspended at Barclays in connection with the possible fixing of currency markets as a global regulatory investigation widens. A Financial Times report suggested Barclays had suspended as many as six
This is a warning to anyone with a significant savings or retirement accounts
Hollande Backs Down on Ecotax, on a Tax on Savings, On Corporate Earnings; Something For Nothing
Just When You Thought "Cyprus" Isn't Going to Happen Here. Guess What IMF Just Said WE Need to Do?
Resets occur when the price of everything that has been repressed, manipulated or obscured is repriced.
The biggest US banks would be required to hold enough easily sold assets to survive a 30-day credit drought under proposed new Federal Reserve liquidity rules.
VIDEO
hree high school buddies from a tiny Canadian town say that they will flip the switch on the world’s first bitcoin ATM next week. It will operate near the entrance of a downtown Vancouver coffee house.
The past decade has seen slow and steady economic growth across the continent of Africa. But economist Charles Robertson has a bold thesis: Africa's about to boom. He talks through a few of the indicators -- from rising education levels to expanded g
In the 13th century, Marco Polo wrote with utter astonishment at the paper currency standard he witnessed in China:
Asian shares tried to steady on Thursday following a tumble sparked by concerns about China's economic outlook, and the dollar languished near a two-year low against the Swiss franc.
The Bank of Canada’s dropping of language about the need for future interest-rate increases and today’s decisions by central banks in Norway, Sweden and the Philippines to leave their rates on hold unite them with counterparts in reinforcing rather t
Spoiler alert: Albert Edwards is not exactly bullish. Perhaps like Rosenberg, he too needs to spend a weekend or two on the Ray Dalio ranch.
Across the board, we are seeing European bank stocks (most notably Italian) trading halted.
