Remember The Spanish Banks' Bailout Conditions? They're The EU's New Standard
Shareholders and junior bondholders are going to have to take a hit before they can get a taxpayer-funded bailout.
Bernanke Tells Congress The Economy Still Needs Fed Stimulus
The head of the world's most powerful central bank said that despite job growth, the economy still needs help from the Fed.
India’s Rising Purchasing Power To Boost India-China Trade, Future Fall In Chinese Manufacturing Subsidies Could Balance Trade
India and China plan to boost trade even as India seeks a bigger share of the Chinese market to narrow its yawning trade deficit.
Deputy Treasury Secretary Wolin: ‘The IRS Did Not Act With Integrity’
Wolin said the IRS' targeting of conservative groups is “absolutely unacceptable and inexcusable.”
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Euro Zone Deficits Are Narrowing, Thanks To Lack Of Borrowing Sources And Exports To North America, Asia
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A Day After Apple CEO Cook Defends Irish Tax Dodge, EU Leaders Meet To Reign In ‘€1 Trillion A Year’ Worth Of Tax Evasion
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Amateurs Invade Mount Everest: Long Lines On Top Of The World, But Some Reap The Benefits
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Young Africans Flocking To Dubai, Joining South Asians As Guest Workers
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Chinese Premier Li Keqiang’s India Visit: Indian Media Smitten By His Charm; Chinese Media Positive On Sino-Indian Ties
Chinese Premier Li Keqiang’s visit to India prompts the media to see a benign future for Indo-China relations. The Indian public remains wary, an independent survey says.
3 Things Europe Can Learn From Japan's Abenomics
Abenomics is an expansionary monetary policy, increased fiscal spending and structural changes - and Europe can learn from it
Chinese Accused Of Inflating Trade Surplus Tenfold
China’s trade surplus is only a tenth of the $61 billion reported so far this year after accounting for fake transactions, Bank of America Corp. says.
Latin America Received $174B Of Foreign Investment In 2012, A New Record High
Despite global decreases in foreign investment, Latin America received more money than ever. Which countries got the most?
A New Food Scandal In China: Rice Tainted With Cadmium In Guangzhou
About half the rice tested in China's third-largest city had high levels of a toxic metal that damages organs and causes cancer.
Bangladesh Factory Still Making US Products Despite Wal-Mart Red Listing
A Bangladeshi garment factory is continuing to produce Wrangler shirts despite being banned by Wal-Mart, according to a Reuters report.
Goldman (GS) To Sell Off Stake In China's Biggest Bank
The Wall Street titan has been slowly reducing its stake in the bank and now hopes to sell what remains for about $1.1 billion.
Silver Prices Join Gold In Retreat As Inflationary Concerns Abate And Asian Economic Situation Seen Improving
Fading inflation fears, among other factors, have weighed on both precious metals.
‘Economic Prospects For The Long Run’: Federal Reserve Chairman Ben S. Bernanke Delivers Commencement Address At Bard College At Simon’s Rock Saturday [FULL TEXT]
The U.S. Federal Reserve chairman delivered an address centered on "Economic Prospects for the Long Run," and here's what he had to say.
Borrowing To Buy: How Much Do Americans Owe?
American households currently owe $11.23 trillion. Find out what they're doing with the money they've borrowed.
S&P Retains Negative Outlook On India's Sovereign Rating; Warns Of Ratings Downgrade To Junk Status
Credit rating agency Standard and Poor's (S&P) on Friday reiterated its negative outlook on India's BBB- sovereign rating.
US Existing And New Home Sales And Prices, Durable Goods, Euro Zone PMI: Economic Events For May 20-May 24
Data on manufacturing in Germany, France and the rest of the euro zone will cast light on its record-long recession.
Xi's Austerity Plan Takes A Heavy Toll On High-End Chinese Restaurants
President Xi Jinping's austerity measures have hurt high-end restaurants in Beijing, some of which are facing losses unseen since the 1970s.
Yemenis See Vital Economic Lifeline Being Cut As Saudi Arabia Cracks Down On Illegal Immigrant Labor
Yemen, where unemployment is high, is seeing its remittances from rich Saudi Arabia dry up as the latter gets tough on illegal workers.
Great Recession Will Have Lasting Impact On Generation X, According To New Study
The Great Recession hurt a lot of people, and this loss of wealth will follow millions into retirement, according to a recently released report.
China Has Been Inflating Its Exports Numbers All Year, In Some Cases Doubling The Actual Figures
China has over-reported its exports for the last five months, and its economy is growing much less than widely believed.
US Consumer Sentiment In May 2013 Reaches Highest Level In 6 Years: U. Of Michigan/Thomson Reuters
Consumer sentiment rose to 83.7 from April's 76.4, according to a Thomson Reuters/University of Michigan index.
A Cheap New Drug Decimating Greece’s Homeless As Economic Crisis Tightens Grip
The number of homeless people in Greece has surged by 25 percent since 2009.
Chinese College Graduates Cannot Secure Jobs: 28% Of Beijing's 2013 Graduates And 44% Of Shanghai's Have Found A Job
A record-high number of graduates, combined with an economy in a slowdown, is bad news for China's Class of 2013.
Nigerian Forces Launch Offensive Against Boko Haram Militants In Northeast; Mobile Networks Unavailable
Nigerian armed forces have launched raids against Boko Haram Islamist militants in the north-east, officials said on Thursday.
In Sign Of Improving Greek Economy, Fitch Upgrades National Bank of Greece And Other Top Banks Just Days After Recapitalization
Fitch Ratings has upgraded Greece's top banks' long-term issuer default ratings.
Royal Bank Of Scotland Will Lay Off 1,400 People Over Next 2 Years In Restructuring Of UK Head Offices
The lender says the job reductions are part of efforts to restructure its retail division's head office and customer-facing positions remain.
Venezuela Toilet Paper Shortage, Country Importing 50M Rolls To Meet Demand
Venezuelan officials say they will address a toilet paper shortage by importing 50 million rolls to meet demand.
US Housing Starts In April Fall To 853,000, Far Below March's Level And Analyst Expectations
Could the U.S. housing recovery be starting to fade?
Japan's Economy Grew The Most In A Year Last Quarter As Consumer Spending Remained Solid and Exports Increased
Japan's Economy grew the most in a year last quarter, as GDP rose an annualized 3.5 percent.
Latest Fallout From Shooting Death Of Taiwanese Fisherman By Philippine Coast Guard: Taiwan Official Says We Can Afford To Lose The Philippines As A Trading Partner
A Taiwanese official said the country "can afford" to lose the Philippines as a trading partner in row over fisherman's death.
French Double-Dip Recession Offsets Anemic German Growth As Euro Zone Extends Its Already-Record Long Recession
German exports and investments fell in the first quarter as French exports declined, too, for the second quarter in a row.
US Annual Budget Deficits From 2013 To 2015 Will Contract As Medical Spending Growth Slows, The Economy Slows Improves And Tax Increases Bring In More Money
The federal budget deficit has begun what the CBO thinks will be three years of contraction. After that, deficits will resume growing.
Greece Credit Rating Upped By Fitch One Grade To B- With Stable Outlook
Greece's credit rating was upgraded a notch by Fitch Ratings to B- from C, although B- is considered junk status.
IEA Says ‘Supply Shock’ From North American Shale And Tar Sands Is Transforming Global Energy Scene
The new ways to extract light crude and Canada's tar sands are radically changing the oil playing field.
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