Greece names its first-ever female prime minister to head caretaker government.» Read More
Having failed to secure a majority in Sunday’s election, the new conservative-led coalition will face a daunting task as it attempts to turn around its country’s ailing finances, according to Barclays Capital.
There is no need for a “plan B” for the economy even if conditions change, senior Conservatives insisted on Sunday as Ed Balls renewed his attack on the government’s “reckless” deficit reduction program, reported the FT.
Political advantage can be fleeting. A couple of months ago, during the winter quarter, job gains looked to be picking up, unemployment was easing lower, and President Obama’s reelection hopes looked more secure. But things sure have changed
Imagine that you are sitting in your house, watching flood waters rise, fearing that your house could be washed away and the government walks in and says, “here’s our plan to save your house - we are going to add more water to the flood.” After realizing this was not a joke, you would run, not walk, to find higher ground and kiss your house goodbye.
A Federal grand jury has now indicted the former Democratic presidential candidate on criminal charges for break campaign finance laws to cover up an an extra-marital affair, reports CNBC's Hampton Pearson.
Portugal goes to the polls on Sunday looking to elect a government that will lead them through an austerity package mandated by the European Union and International Monetary fund; but whoever wins will need to defy the electorate and introduce unpopular policies.
Investors like PIMCO’s Bill Gross predict the rally in Treasurys will have to come to an end sooner rather than later, but one economist predicts the yield on the 10 year bond will hit 2.5 percent.
The Greek people's reaction to the implemented austerity measures should not be ignored, warned Alastair Newton, managing director and senior political analyst at Nomura.
The economic data in the US is heading south and investors are beginning to question whether the Federal Reserve will extend its asset-buying program beyond the end of the month.
The latest numbers for UK manufacturing showed a continued weakening, prompting concerns that the economic recovery is likely to be more protracted than forecasts have suggested.
The high unemployment rate means the Fed's ultra-easy money policies remain the right course of action, top Federal Reserve officials said on Wednesday.
Greece’s finances are out of control. Its bonds are downgraded to junk; and without a German and European Central Bank bailout, it will be forced to restructure its debt. The United States is losing control of its finances too, and bond rating agencies have threatened to downgrade its debt.
The state of emergency in Bahrain, a business hub scrambling to salvage its business-friendly brand, has now been lifted.
The eurozone, as designed, has failed. It was based on a set of principles that have proved unworkable at the first contact with a financial and fiscal crisis, according to the FT.
The complexity of European politics should prevent any reprofiling of Greek debt this year, according to a political analyst, but markets are still waiting for any sign of a prospective default.
It seems certain the IMF will not pay its share of an aid tranche to Greece at end-June but the global lender is seen taking part in a new programme, a German newspaper reported on Wednesday without quoting any sources.
The UK economy is set to experience the slowest pick-up in consumer spending of any post-recession period since 1830, according to a Financial Times analysis of official forecasts.
As the race for a new bailout for Greece continues, one of the main bones of contention between opposition politicians and the Greek government is tax.
On Monday, May 23rd, Dan Rutherford, the Treasurer of Illinois, began a crusade against the incurrence of more debt. Specifically, he announced that the State of Illinois is on the verge of financial disaster and, in a concise report, he disclosed certain important fiscal facts about Illinois.
The euro is gaining and stocks are following the single currency higher, but investors should avoid chasing the risk-on trade according to one analyst.