Spain Begging Immigrants, Companies, Former Colonies, IMF For Cash - Anyone But Merkel
The Kingdom of Spain is increasingly resorting to off-the-cuff ideas meant to somehow push against the national economy’s death spiral.
Bernanke Claims He Can Use His Awesome Mind Powers To Make Banks Lend
The chairman sputtered and equivocated in trying to explain what the Fed could do to get banks lending again.
Spanish Vent Rage Against Banks By Dumping Garbage At Branches
After a call by various protest groups in Madrid, citizens across the municipality turned their uncollected bags of refuse into symbols of protests.
Low Wage Growth During Great Recession Could Have Been Much Worse, Fed Study Finds
A blog from the New York Fed's Research and Statistics Group says the big output drop from the recession isn't cutting wages as much as would be expected.
ING Scores Big Win In Renegotiation of 2008 Bailout Deal
ING Groep NV said Monday it brokered a deal to bypass some of the conditions it agreed to as part of a 2008 bailout.
Canadian Lumber Industry Seeing Pickup In Aftermath Of Superstorm Sandy
Canadian lumber companies are rubbing their hands together in anticipation of a sharp boost in demand for their main product.
Japanese Election Seen Opening The Door For Massive Money-Printing
Analysts are predicting upcoming parliamentary elections will leave Japan with a government that will set the yen-printing machines into overdrive.
Bernanke Goes After Racial Discrimination In Bank Lending
Ben Bernanke went back to micro basics in a recent speech on housing.
Fed Minutes Show Members Considering New Ambitious Tack
Fed members are seriously considering changing their approach to announced expectations, to communicate an explicit “threshold” for inflation and unemployment.
Cuba Embargo Stance Seen Complicated By Recent Pharmaceutical Breakthrough
The U.S. embargo against Cuba may be strained by that nation's discovery of a diabetes drug that may be marketed in Europe next year.
Spanish Strikers Fight Strike-Breakers In Worrying Turn For Anti-Austerity Protests
Protesters across Spain Wednesday seemed as focused on demonstrating against the government as on harassing strike-breakers.
IMF, European Union Publicly Brawl On Conditions For Greek Aid, Sowing Uncertainty
A sharp exchange between top EU and IMF officials revealed a rare public rift between their approaches to the euro zone financial crisis.
SEC In Hot Water Over Staff Computer Misuse... Again
Two years after the SEC was rocked by a porn-surfing scandal, staffers are in hot water again following a report on their computer habits.
Italian Prosecutor Takes Credit Agencies To Task For Alleged Market Manipulation During 2011 Sovereign Downgrade
Two employees at Paris-based Fitch Ratings and five at New York-headquartered Standard & Poor’s are being accused of market manipulation and abuse of privileged information by the public magistrate in the southern Italian town of Trani.
Hurricane Sandy: The Storm Brings Out An Earlier, Much Older New York
Hurricane Sandy turned downtown Manhattan into a no-go zone without power or food, and it brought the rich and the dispossesed together.
Americans Mull Moving To Canada Following Obama Election, Search Engine Traffic Finds
Move to Canada, eh? Conservative Americans are thinking about it.
Economists See ECB Inaction Leaving Much To Be Desired
European bank economists reacted to the ECB's decision to leave monetary policy untouched: We're being set up for a fall.
Wall Street Lobbyists Face Reality Of Obama Administration Part Two
After two years of bankrolling efforts to repeal Dodd-Frank, industry lobbyists pivoted this week to mend White House relations.
Draghi, European Union Downbeat on Economic Condition of Europe As Spain, Greece Simmer
In a nutshell: Things in Europe are bad … and getting worse.
VIX Futures Markets Crash On 'Bad Print,' Vexing Traders
A testy day for one of Wall Street’s most closely followed indicators of market panic went from unusual to downright bizarre.
Market-Watchers, Greeks On Edge Ahead of Pivotal Austerity Vote
Market-watchers were on edge Wed before a crucial Greek parliament vote to accept austerity measures, amid massive protests in Athens.
In Election Day Blog Post, Top Romney Economic Advisor Appears To Jump Ship
A top economic advisor to the Romney campaign appears to have jumped off the party ship, endorsing on Election Day an initiative critical of the Republicans and their presidential nominee.
Australian Court Finds S&P Liable For Incompetence In Assigning AAA Ratings
The Australian judiciary delivered a crushing defeat to credit-rating agency Standard & Poor's this week that may have global repercussions
Gold Seen Rising Short-Term If Obama Wins, Long-Term Upside Either Way
Analysts said a victory by Barack Obama will be good for the price of gold, at least in the short term.
Dollar Up; Gold, Copper, Oil, Euro Down or Flat As Investors Position Themselves For Heavy Week
Gold, oil, copper, and other risky assets like the euro lost ground early Monday as investors positioned themselves ahead of the U.S. election.
One Billion Tourists Seen Traveling Worldwide in 2012
International tourism picked up considerably in 2012, leading the UN to estimate over a billion travelers will visits a foreign country this year.
Stocks Rally On Positive Economic Data, Expectations For Friday
U.S. stocks rallied on Thursday with the most robust intraday gains in a month.
UBS Announces 10,000 Firings, Affecting Investment Bank Division Most
Bankers in Switzerland were fuming at what they saw as the bungled strategy of the bank's new Italian managers.
Ahead Of Crucial Two Weeks, Greek Government Coalition Shatters, Two-Day Strike Called
The Greek governing coalition was on the verge of collapse Wednesday, as aggressive political maneuvering by the PM pushed the country to the brink.
New York Stock Exchange Reopens With Orderly, Light Trading
U.S. stock markets reopened mostly without incident Wednesday, even as the rest of NY’s Financial District felt its way through Sandy's aftermath.
