Decision comes two days after a Greek bond redemption averted a default The European Central Bank on Wednesday raised the ceiling on emergency lending to Greek banks by €900 ... Read More
This seemingly inexhaustible credit line is now drying up, with severely negative consequences for oil producers with debt that’s coming due. Could the oil patch bust triggered by oil ... Read More
“Terrorists”, “blackmail”, “lack of trust” are just some of the terms voiced during the recent negotiations between Greece and its Eurogroup partners during the recent Greek negotiations. There were ... Read More
Gold marked its 10th straight day of losses Wednesday, in the longest losing streak for the precious metal in almost 20 years. And some traders say the collapse isn’t ... Read More
Fall in share price of world’s biggest company mirrored by slide in stocks in mining and commodity firms to their lowest level since market crash of 2008 Growing concerns ... Read More
The biggest technology rally since October was knocked cold, as disappointing earnings reports punished Microsoft Corp. and gave Apple Inc. its biggest loss this year. Five days after Google ... Read More
The bond market selloff in the second quarter probably dented the capital defenses of many European banks, with lenders in Italy and Spain hit hardest. The extent of the ... Read More
Crucial bill secures enough votes in parliament, with government hoping to open bailout negotiations this week. Greece‘s parliament has passed legislation on a second batch of reforms needed to ... Read More
Did you know that the percentage of children in the United States that are living in poverty is actually significantly higher than it was back in 2008? When I ... Read More
First, precious metals peaked and began drifting lower. Then copper fell, oil plunged and it became obvious that these weren’t isolated events. The entire commodities complex — that is, ... Read More
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