The Harvard economists have responded once again to the ongoing contentious debate over whether tough austerity measures are helpful or harmful.
It may be an old cliche but the term "sell in May and go away, buy again on Leger's day", looks increasingly like competent equity advice, according one analyst.
Italian bond yields broke below the 4 percent level on Monday and remain at record lows, but analysts warn the country's borrowing rate is poised on a fragile tipping point, after Prime Minister Enrico Letta’s maiden speech divided market opinion.
Economists Carmen Reinhart and Kenneth Rogoff revealed they have received "hate-filled" and "threatening" emails since their influential research on austerity was exposed as containing a error last week.
After China's first quarter growth numbers disappointed markets, two analysts say China is failing to benefit from its brisk credit growth.