China Pledges Eurozone Support
A spokesperson for China's foreign ministry said that China will help eurozone countries "overcome" ...
Greece Passes “Austerity” Budget – Protests Continue
Despite threats of escalated protests, the Greek parliament passes legislation approving a new budge...
Crude Oil Breaks $90 – Lifts Loonie
An increase in the price of crude helped lift the Canadian dollar 0.2 percent to CA$1.155 per US dol...
US Economy Grows 2.6 Percent
The US economy grew at an annualized rate of 2.6 percent in the third quarter but failed to meet exp...
UK Government Borrows Record Amount in November
The British government borrowed a record £23.3bn (US$36.2bn) in the month of November compar...
Canadian Retail Sales Rise 0.8 percent in October
Canadian retail prices jumped 0.8 percent to $36.6 billion for the month of October. This marks the ...
Japan keeps interest rates at close to zero
Japan has kept its key interest rate at between zero and 0.1% as policymakers continue to try to bol...
UK government borrowing hits record high
The amount of new public sector borrowing hit a fresh record high in November, according to the Offi...
PIMCO sees Euro break up
Pimco, the world's largest bond fund, has called on Greece, Ireland and Portugal to step outside the...
CAN Nov inflation slows
Canada’s consumer prices advanced less than forecast in November as cost increases ...
EURO-three strikes your out
With Moody’s promoting contagion fears by constantly credit threatening, has the EU...
Spain in Need of Reform: OECD
The Organization for Economic Co-operation and Development (OECD) says that even though Spain is tur...
ECB Expresses “Concern” Over Ireland’s Position
The European Central Bank (ECB) says it has "serious concerns" about the quality of the collateral o...
EURO Jackals lie in wait
A five notch downgrade by Moody’s is not much of a surprise, however with EU policy...
Euro Rebounds as EU Agrees on Debt Protocol
The euro appreciated 0.2 percent to 111.38 yen at 7:30 a.m. in New York, from 111.14 yen yesterday o...
Business Confidence in Germany Continues to Rise
The Ifo Institute for Economic Research released its latest report showing that business confidence ...
Moody’s cuts Ireland’s credit rating
Moody's Investors Service slashed Ireland's credit rating by five notches to Baa1 from Aa2 today and...
Dollar loses its Swagger
What a little love between friends can achieve, a EUR that’s a damn sight stronger ...
US Jobless Claims Fall by 3,000
Applications for new unemployment claims fell by 3,000 last week to a total of 420,000. This was sli...
EU Leaders Meet to Discuss Debt Plan
European leaders are meeting in Brussels today with discussions on establishing a protocol for rescu...