EU Bank Stress Tests to Show 15 Banks Need Cash
The results of the so-called stress tests designed to identify European banks in need of recapitaliz...
S&P Issues Warning to US
Standard & Poor's followed up yesterday's warning from Moody's Investors Services with a warning of ...
US Retail Sales Disappoint
US retail sales for June increased by just 0.1 percent as consumers continue to battle with elevated...
Italy Forced to Offer Premium to Sell Bonds
Italy managed to sell nearly 3 billion euros worth of government bonds but was forced to offer a hef...
IMF Calls on Italy to Curtail Spending
The International Monetary Fund (IMF) today urged Italy get on with its austerity measures to reduce...
Incoming ECB President Calls for “Certainty” in Face of Crisis
Mario Draghi who will assume the mantle of European Central Bank President later this year said toda...
EURO: Signs of Competence ahead of Bernanke
Positive Chinese and Japanese data surprise overnight is supporting the markets and trumps Moody's d...
EURO-Too Big to Fail or Too Big to Bail?
The massive contagion from the small periphery to the big bond markets of Italy and Spain has turned...
Debt Contagion Fears Spread to Italy
Stop me if you’ve heard this before, but Italian finance officials took great pains...
Time Running Down for US Debt Debate
President Barack Obama is dialing up the pressure on talks to approve an increase in the government'...
Attention Turns to Italy’s Debt Woes
Eurozone finance ministers are scheduled to meet in Brussels today to discuss growing concerns over ...
EURO Rot Intensifies
The market knows its in trouble when its rumored that the ECB is polling banks on the best way to ha...