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.
Gold touched a 1-week high for Dollar investors but broke new all-time records for Euro and Sterling buyers on Tuesday morning, as industrial commodities slipped and the US currency rose against all competitors bar the Japanese Yen.
Federal prosecutors have indicted six people in a $32 million Internet collections scam that has snared 80 lawyers in Pennsylvania, Massachusetts, Alabama and Georgia.
The East Asian bond market, especially corporate bonds, continues to expand and draw strong demand from return-starved Western investors.
Shipments of PCs are up 14.3 percent from last year, but that's below expectations.
China has said it will revise penalties on price manipulations, stepping up its measures to tackle inflation.
Oppenheimer has initiated coverage on China's ShangPharma with an outperform rating and price target of $17, saying the company is well positioned to benefit from the rising Chinese clinical/contract research organization (CRO) industry.
Jefferies & Co. upgraded its rating of BlackBerry maker Research In Motion Ltd. (RIMM) to 'buy' from 'hold' and increased its price target to $80 from $55.
The top after-market NASDAQ stock market losers are: Zoltek Companies, Seagate Technology, Maxygen, Comverge, China Medical Technologies, Porter Bancorp, TICC Capital, Approach Resources, Shanda Games, and Johnson Outdoors.
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.
Surging demand from China, the world's second-largest gold buyer, is changing seasonal patterns in Gold Price trends for investors everywhere. At this current pace, private Chinese demand may overtake India's by 2014 (if not sooner).
While investors currently grapple with a number of very troubling geopolitical and economic issues -- namely the threat of war in Korea and the potential sovereign debt contagion in Europe, interest rate hikes by China, among others – some might take solace in the fact that December has consistently been the best-performing months for U.S. going back more than sixty years.
India's Mahindra & Mahindra (M&M) said on Tuesday that it has agreed to acquire 70 percent interest in South Korea's Ssangyong Motor Company Limited (SYMC) for $463.6 million, in an attempt to gain momentum in global markets.
Berlusconi in Italy laughed it away, while Ahmadinejad in Tehran yet again blamed the United States. The Russians refused to comment and Indians breathed a sigh of relief. WikiLeaks, the whistle-blower website, revealed the vigor of US espionage, leaking out more than 250,000 U.S. diplomatic cables. The first batch of the documents leaked mentioned Saudi Arabia and other Arab states' desire to attack Iran, highly sensitive information on world leaders and US military strategy across the Worl...
Japan on Monday dismissed immediate return to the table on Korea tensions as proposed by China. Officials in Tokyo maintained that the focus currently is on working 'closely' with South Korea and the United States.
Wikileaks' latest spill, dubbed the 'Cablegate', shows that the world, especially the MIddle East fears Iran. But there are very strong strategic factors that help the country survive.
Now institutional investors in China can join the gold buying frenzy as well, which retail investors and the Chinese central bank are already engaged in. China approved the country's first mutual fund that bets on gold prices, as inflation fears fuel demand for the precious metal.
Wikileaks documents reveal that U.S. Secretary of State in July 2009 sent a message to 33 US missions on UN reforms saying, International deliberations regarding UNSC expansion among key groups of countries: self-appointed frontrunners for permanent UNSC membership Brazil, Germany, India, and Japan.
There are credible reports of civil unrest in North Korea, security officials of South Korea told the United States in a recent conversation.
In response to soaring food prices, China announced plans for price controls.
As a dossier of 2251,287 U.S. diplomatic cables obtained by Wikileaks tumbles out, bygone issues will be interpreted in a new light as raw details of closed-door diplomatic haggling reveal.
The week to November 24 was marked by tensions in Korean peninsula that prompted investors to flee from risky assets to safer avenues like US dollar and gold, helping the yellow metal outshine its colleagues in the precious group. However, silver and palladium remained strong in the month, mainly helped by demand for cheaper alternatives in jewelry and industrial applications.
