ATHENS, Greece— A Greek journalists' union and the government have condemned the arrest of a journalist over an opinion column about a member of parliament. Right-wing Independent Greeks lawmaker Rachel Makri made a libel complaint against journalist Despina Kontaraki over her comments in the Sunday edition of Eleftheros Typos newspaper.» Read More
China’s $15.1 billion bid to acquire Canada’s Nexen oil company threatens to turn China into an owner rather just a major buyer of Canadian oil, and prompts a surge in nationalist rhetoric that is attempting, misguidedly, to bring up the question of sovereignty.
After years of cynicism, Londoners appear to have finally taken the Olympics to their hearts.
The cost of generating electricity by wind and solar is falling rapidly, ,and however hard Big Oil and Big Gas try to suppress government funding and tax breaks for renewables, they are doomed to lose, and in only about 4 years.
Welcome to what could be called "GGIRC," the great global interest rate convergence – whereby interest rates steadily converge to zero in many countries around the world, both advanced (other than the crisis European economies) and emerging (other than the persistent financial basket cases).
Nationwide Mutual has become the first insurance company to decline coverage for claims related to hydraulic fracturing, a controversial energy production known as “fracking.”
Are the bond markets going mad? It is a question that many investors might ask. For as anxiety has erupted in the eurozone, something striking has occurred with respect to US Treasuries and German Bunds.
Over the weekend the Times of London demanded it stop raining in the UK.
A day in court. The German constitutional court no less. The “Bundesverfassungsgericht” . Boring? — No way! Trust me on this one. From the word “go” it didn't feel just like any other hearing at the highest court in the land.
It was 7:48 a.m. in London on August 7th 2007. Flashes crossed the wires from the Reuters news agency saying BNP Paribas was to close a number of funds due to redemptions and Squawk Box Europe anchor Geoff Cutmore turned to private equity investor Jon Moulton and asked him what this meant. “This is how it will all start,” said Moulton.
There are a few metrics that are best-suited to financial obscurity - and when they emerge into common parlance, I get nervous.
When Hong Kong returned to Chinese rule on July 1, 1997, there was no shortage of doomsayers who forecast that the former British colony would be stifled by rule from the mainland and that it would be reduced to ‘just another Chinese city.’
Hong Kong prepares to celebrate the 15th anniversary of its handover to China from British rule.
Just a few days before another “crucial” summit, hopes should again be tempered, even without the rather inconclusive Merkel, Monti, Hollande and Rajoy meeting on Friday. It's worth reminding ourselves what in market terms, “decisive action” might look like.
The IMF is clearly getting fed up with euro-zone policy makers as the continent’s “debt crisis” rages. But European officials cannot be blamed for feeling a tad fed up themselves with the IMF for hastening the crisis in the first place.
Many people tell me they want to visit this land of architectural wonders before hordes of others do during Myanmar’s awakening.
I am lucky enough to have met some bright and extremely patriotic Greeks who fully admit their country needs a radical overhaul. It’s these people Greece needs to help rebuild their broken state but these are very often the most mobile of people.
Spain defaulted on its debt six times in the eighteenth century, and seven times in the nineteenth century. It escaped unscathed from the twentieth century, and (still) hasn’t defaulted in the twenty-first century.
Greece may be a small country, but its vote this Sunday may be the most important in the world this year.
If the Jamie Dimon hearing was ever going to be more than just political theater, it would have answered at least one essential question: Would the Volcker rule have prevented the so-called hedges that led to $2 billion in losses at JPMorgan?
A twenty-five percent plunge in oil prices might seem to make curbing the supply of crude a no-brainer for the world’s oil producers. And yet it looks increasingly possible that the 161st ordinary meeting of OPEC in Vienna this week could end in a virtual stalemate
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