Luxury London Homes Best Bargain for Chinese Buyers
Chinese luxury home buyers are leading a legion of cash-rich non-UK investors in search of upmarket London homes, with demand driven by currency exchange rates that produce discounts of up to a quarter on purchase prices, research shows.
Hong Kong Toast of Wine World Amid Global Woes
Hong Kong's wine imports have remained strong even as global economic uncertainty cuts demand for luxury goods, underscoring the city's credentials as a preeminent wine hub buoyed by strong demand from mainland Chinese buyers.
Hermes Raises Full-year Sales Goal
French luxury group Hermes raised its full-year sales forecast on Friday after third-quarter growth beat its initial target, pulled by buoyant demand for the 174-year-old brand in Europe, the Americas and Asia.
Greek Referendum: Papandreou’s ‘Margaret Thatcher Moment?'
The Greek referendum proved to be a nasty surprise to investors on Tuesday as markets tanked in response to it.
FOMC Statement: Fed Continues Operation Twist, Remains Decidedly Dovish
The FOMC statement released on Wednesday announced that the Federal Reserve will continue its program of Operation Twist to support the economy.
Australian Dollar Outlook: 3 Reasons to be Bearish
The outlook for the Australian dollar is dim, according to research from Westpac Institutional Bank, a major Australian bank.
Japan Intervention: How Low Will the Yen Go?
The Japanese intervention took the forex market by storm late Sunday, sending the Japanese yen over 5 percent lower against the U.S. dollar in a little over one hour.
Firms to Charge Smokers, Obese More for Healthcare
Like a lot of companies, Veridian Credit Union wants its employees to be healthier. In January, the Waterloo, Iowa-company rolled out a wellness program and voluntary screenings.
Seven-billionth Human Marks Demographic Change: Expert
The seven-billionth human is expected to be born on Monday, but an expert who helps do the counting says that event comes as the Earth undergoes a demographic shift toward slower population growth.
Alexander McQueen Skull Silk Scarves for Halloween [VIDEO]
The legendary late Alexander McQueen made a name for himself by flirting with the dark side. McQueen, an innovative genius and superstar in the fashion world, was intrigued by the macabre.
Philippines Seeks to Turn Around Economy From 40 Yrs of Underperformance
The Philippines is seeking to turn around its economy from decades of subpar performance.
Is QE3 Going to Happen? U.S. Stocks and Eurozone May Need it [CHART]
Europe has staved off an imminent financial crisis and fears of a U.S. double-dip recession may have been overblown. With the Federal Reserve already lowering long-term interest rates through Operation Twist, it seems QE3 is not likely to come.
How to Play it: Riding Europe's Volatility
Even as details emerge about a Eurozone deal that would see banks and insurers accept bigger losses on Greek bonds and boost the region's bailout fund, setting up for what could happen across the Atlantic won't be easy for investors.
Eurozone Collapse: Imbalances Unsustainable, Stands at Shocking Levels [CHART]
The 17 members of the Eurozone share a common currency. This is a problem, however, because their economies are fundamentally different.
An Interesting Sell Signal for U.S. Dollar in Early November
RBC Capital Markets recently published an interesting sell signal for the U.S. dollar early next month.
EUR/USD Forecast: Extreme Valuation May Suggest Sell Signal [CHARTS]
EUR/USD may be at an extreme valuation, which may suggest a sell signal for the pair, according to a model produced from Deutsche Bank FX.
The Danger and Absurdity of the Greek Credit Default Swaps Controversy
There is a Greek credit default swaps controversy brewing.
EU, U.S. Default Risk High, Recession Likely in ‘12: Strategist
There is no historical precedent for economies as indebted as the EU and U.S. to avoid default, said Gerard Minack, chief market strategist at Morgan Stanley’s Sydney office.
Market, FOMC Officials Suggest ‘Increasing Likelihood’ QE3 is Coming
Despite an elevated level of risk aversion – and the fact that the source of the risk is the European debt crisis – the euro remains “surprisingly resilient” against the safe-haven U.S. dollar, said Samarjit Shankar, managing director at Bank of New York Mellon
Eurozone Making Progress While U.S. Problems Growing: Borthwick
Eurozone authorities still have not come out with many concrete figures on the European debt crisis bailout package.
Short Australian Dollar Against Norwegian Krone? [CHARTS]
On a multi-day/week basis, traders should perhaps short the Australian dollar against the Norwegian krone, according research from Richard Franulovich of Westpac Institutional Bank.
Asian Currency Appreciation: 4 Buy Recommendations
Developing Asian economies have outperformed G3 (U.S., EU, and Japan) economies by an average of five percentage points from 2000 to 2006, according to Western Asset, a leading global fixed-income manager.
U.S. Corporate Earnings Stellar, But Investors Still Worried
U.S. corporate earnings have been stellar. However, despite the stellar earnings, U.S. stocks are still almost 30 percent off its all-time high.
Euro Crisis 2011: Behind the Eurozone’s Soaring Yields
The euro crisis has blown up in 2011. The borrowing rates of several peripheral Eurozone countries have surged from 2010 levels and have become simply unsustainable.
Is Israel's romance with Nasdaq over?
Israeli technology companies, once the darlings of New York's Nasdaq, have turned their backs on the exchange and are looking for suitors to acquire them.
U.S. Stocks Jump, Investors Hopeful on Eurozone
U.S. stocks jumped on Monday as investors remained optimistic about the upcoming Eurozone bailout and U.S. corporate earnings came in better than expected.
QE3 Still on the Table to ‘Provide Greater Stimulus’
A third round of quantitative easing (QE3) is still on the table, said New York Federal Reserve President William Dudley.
Regulator Unveils Help for Underwater Homeowners
A leading housing regulator on Monday announced changes to a government refinancing program that could help up to one million homeowners whose homes are worth less than their mortgage.
Euro Crisis 2011: ‘Climbing the Wall of Worry’
The latest on the euro crisis of 2011 is that Eurozone leaders are “nearing agreement” on bank recapitalization and leveraging the bailout fund EFSF, reported Reuters.
Occupy Wall Street Protest Likely to Grow ‘More Vocal and Broad Based’
The Occupy Wall Street protest should not be dismissed as the “nebulous and unfocused utterances of a largely irrelevant political fringe” or the “emotional spasm of a bleeding heart liberal,” said Russell Jones, a strategist with Westpac Institutional Bank.