Stocks edge down as investors balance U.S. data, Europe debt woes
U.S. stocks are slightly down in afternoon trading as investors weigh better-than-expected U.S. economic data against continued sovereign debt woes from Europe.
Portugal's problems are high debt and low growth
While it was high public debt that did Greece in and a collapsed banking sector that sunk Ireland, Portugal's problems are low economic growth prospects and high private sector debt.
East Asian bond market shows no sign of slowing down
The East Asian bond market, especially corporate bonds, continues to expand and draw strong demand from return-starved Western investors.
Countries making own trade rules as WTO Doha negotiations stall
Many countries have taken it upon themselves to negotiate regional or bilateral trade agreements to match evolving economic realities as the multilateral Doha Round negotiations stall.
China blames food commodity speculators, resorts to central planning policies
In response to soaring food prices, China announced plans for price controls.
Surging wealth of the ultra-rich triggers financial crises: IMF
The IMF published a study asserting that growing income inequality in the U.S. triggered the two most severe financial crises and economic downturns of the last 100 years by creating unsustainable imbalances.
J. Crew bought out, who's next?
J. Crew's takeover has boosted the stock prices of several other retailers, possibly because this acquisition is stoking M&A interest in the broad sector.
China-Russia currency agreement further threatens U.S. dollar
As countries like China and Russia phase out the usage of U.S. dollars for international trade -- including but not limited to oil trade -- its status as the world's reserve currency will continue to slide.
Peripheral debt crises threaten overall EU economy
Sovereign debt crises in peripheral Europe threaten to bring down the overall euro zone economy because European banks are heavily expose those debt.
Roubini lists the five causes of financial crises
Some individuals – like myself and a few other students of crises in the recent cycle – are able to predict the financial storm well in advance, said Nouriel Roubini, co-founder of Roubini Global Economics.
Full Text : Minutes of the November 2-3 Federal Open Market Committee Meeting
Minutes of the November 2-3 Federal Open Market Committee meeting.
Restricting food exports discourages production: Becker
Government policies all over the world are distorting the market for agricultural products and discouraging their production at a time when there is a global shortage of them.
EU/IMF bailout for Ireland doesn't seem to be working
The massive EU and IMF bailout for Ireland doesn't seem to be working as the euro currency, European stocks, and Irish stocks gave back early gains and closed with losses. Irish bonds are still up for the day, but not by much.
Market doesn't really fear uncontrolled U.S. inflation: BIS study
A BIS study found the market judges risks of uncontrolled inflation to be relatively low for the U.S and euro zone, despite the expansion of their central banks' sheets and soaring gold prices.
Unemployment the greatest economic challenge: WTO chief
The most serious [economic] challenge today is that of unemployment, said Pascal Lamy, the director-general of the WTO. Lamy urges countries to expand global trade, instead of clamping down on it, to create more jobs for everyone.
Irish bailout request officially confirmed
The Irish government has agreed to request a bailout from the European Union and the IMF, according to official statements from Ireland and the Eurogroup.
U.S. authorities capping colossal insider trading investigation
Federal prosecutors in New York, the FBI, and the SEC are capping a three-year colossal insider trader investigation involving expert networks.
Why the Irish debt crisis matters
Ireland's blanket guarantee of the banking sector puts the taxpayers on the hook for a staggering amount of liabilities. Any collapse in the Irish debt market or economy would likely create a European crisis, if not a global one.
IMF chief lists Europe's economic problems
As early as the 1980s, fault lines began to appear in Europe's economy and the global financial crisis tore them wide open. Now, Europe perhaps faces its greatest economic challenges since WWII.
Update1 - Foreign firms in China slapped with more taxes
China will no longer give exemptions to foreign firms from the Urban Maintenance and Construction Tax and Education Surcharges.
China raises RRR to record high, steps up fight against inflation
China is intensifying efforts to fight inflation as it raised the reserve requirement ratio for banks on Friday for the fifth time this year and the second time this month.
Take the other side of govt's trade and buy GM: Cramer
Jim Cramer said investors should purchase newly-privatized General Motors (NYSE:GM) shares because it's a good idea to buy from the federal government whenever it has a privatization up its sleeve.
Michigan University forecasts sluggish economic recovery
The University of Michigan forecasts the U.S. economic recovery to be sluggish in the near term due to the weak jobs market, deleveraging, belt-tightening within state and local governments, and the still-felt impact of the housing collapse.
U.S. sanctions 2 nodes of secretive N. Korean govt branch
The U.S. Department of Treasury sanctioned two North Korea companies for being controlled and used by a secretive branch of the North Korean government for illicit activities.
Southeast Asia seeks foreign direct investments
ASEAN countries are seeking foreign direct investments -- especially those from OECD countries -- to power their economic growth.
China steps up fight against food inflation
China has stepped up its fight against food inflation by announcing plans for price controls, the selling of government supplies, and subsidies to needy families.
Banks will need permission to pay dividends: Fed
The Federal Reserve on Wednesday announced guidelines for evaluating whether or not banks will be allowed to take actions that could result in a diminished capital base in 2011.
Too big to Fail era over: Treasury Dept.
Too big to fail is now over and American taxpayers will never be asked to bear the costs of a financial firm's failure, said U.S. Treasury deputy secretary Neal Wolin.
Buffett praises U.S. government for bailouts
Billionaire investor Warren Buffett praised the U.S. government for bailing out Wall Street and saving the U.S. economy during the height of the financial crisis.
Europe working on a bailout for Ireland
European officials are working on a bailout for Ireland that could reach 100 billion euros.