EU Debt Summit Begins in Brussels
European officials are meeting today in Brussels to begin discussions on solving the growing debt cr...
US Jobless Claims Higher Than Expected
The U.S. labor market continues to struggle with the summer doldrums as more people than expected fi...
EU Summit – Last Chance for Eurozone?
This Thursday’s summit of European Union leaders could well represent the last chan...
Prospects for U.S. Debt Deal Improving
Confirming that "some progress" has been made in the race to come to a deal to raise the debt ceilin...
Greek Economic Crisis: Infographic
The Greek economic crisis continues to make headlines as Prime Minister George Papandreou attempts t...
Bank of Canada Leaves Interest Rate at 1%
The Bank of Canada has left the key overnight interest rate unchanged at one per cent amid slower th...
Bank of America Posts $8.8B Quarterly Loss
Bank of America - the largest bank in the U.S. - has recorded a record quarterly loss of $8.8 billio...
8 EU Banks Fail Testing – 16 in “Danger”
Of the 90 European banks to undergo the so-called "stress tests" to determine how prepared the banki...
Trichet Calls for “Will and Determination” to Solve Debt Crisis
European leaders will meet July 21st in Brussels to determine the next steps in dealing with the Gre...
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...
UK Inflation Eases in June
The rate of inflation in the UK eased in June to an annualized rate of 4.2 percent. Analysts had pre...
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...