After nearly going bankrupt and almost crashing out of the euro zone last year, Greece expects growth of 0.6 percent in 2014 and hopes to secure more leeway on its debts to the European Union and the International Monetary Fund.» Read More
Ed Balls will on Friday say that a “hurricane is about to hit” Britain’s economy, in the most dramatic warning yet by a Labour politician that the coalition’s plans to cut the deficit risk pitching the country into a double-dip recession. The FT reports.
The Katrina anniversary is all about contrasts. More than one resident has called it a tale of two cities and, as cliched as that phrase may be, it certainly applies here. Unemployment is below the national average, but poverty is twice the national rate.
Members of the Federal Reserve, led by chairman Ben Bernanke, are meeting at their annual symposium in Jackson Hole, Wyo. All eyes and ears will be on Bernanke's remarks to the group on Friday, which will be his first public comments since the Fed announced it will use proceeds from mortgage bonds to buy Treasury securities.
When the European Union stepped in this spring with a €750 billion ($955 billion) rescue package to back Europe’s weaker economies, the threat of imminent default practically disappeared, the New York Times reports.
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Nicolas Sarkozy on Wednesday set out his agenda for France’s forthcoming presidency of the G20 group of leading economies, proposing measures to reduce currency fluctuations, curb commodity speculation and speed up reform of international institutions.
Government-sponsored enterprises Fannie Mae and Freddie Mac need to ease the requirements for down payments so debt-stressed consumers can afford to buy houses again, Pimco's Bill Gross told CNBC.
Changes to the US bankruptcy code, enacted in 2005, are coming back to haunt banks, according to Yra Harris, a veteran trader at Praxis Trading.
Dismal news on housing overwhelmed stocks Tuesday, and the markets now look to Wednesday's housing and durable goods reports with newly lowered expectations.
Gov. Arnold Schwarzenegger, California's state controller and treasurer, decided Monday to delay $2.9 billion a month in payments to school districts and counties sooner than expected so the state can meet debt and pension obligations.
The euro zone’s growth spurt lost momentum this month, as an expansion in output in Germany and France failed to make up for a near standstill elsewhere, the FT reports.
Stay away from Treasurys as they’ve been rallying since 1981 - equivalent to a 19-year bull run, said Marc Faber, editor & publisher of The Gloom, Boom & Doom Report.
The US housing market is in a double-dip recession, Moody’s Analystics chief economist Mark Zandi told CNBC Monday.
In most cases, a financial adviser will recommend not to pay off your mortgage ahead of time. But when it does make sense to break that rule, it could mean a new and better retirement.
The U.S. should add income tax brackets for those making $1 million, $5 million and $10 million, a tax and federal budget expert from the think tank the Center for American Progress told CNBC Monday.
"Overall when you look at this transformation of money, there is an over allotment of money in fixed income—$600 billion in positive flows in the fixed income funds since early '08, negative $240 billion into equities," Hyzy said.
The recent bull market in bonds is creating a compelling financial arbitrage opportunity for corporations with the wherewithal to take advantage.
Even if you’re on the "staycation" plan this year, your investments can land in exotic places—like Brazil, Indonesia and Mexico—and yield attractive returns in their emerging market bonds.
There are many books written about the global economy’s collapse by those who can quote their ‘inside’ sources, but the ultimate ‘insider’ — the man who was actually IN the INSIDE and at the very center of the storm — tells his story in "On the Brink: Inside the Race to Stop the Collapse of the Global Financial System."
This is the story of the decade — perhaps of a generation — and this book should be your guide to truly understanding what happened, who’s to blame and why we may sadly never learn from our mistakes.