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An IMF delegation will arrive in Egypt for talks with the government on a $4.8 billion loan, a government spokesman said seeking to easing a deep economic crisis. Egypt would not seek any emergency loan from the International Monetary Fund
According to multiple reports, Germany basically said to Cyprus: Tax your depositors, or you can leave the Eurozone. We're not just writing going to write a big check this time, because you're too small to really matter. On the one hand you migh
The talk everywhere right now is about Cyprus, and the controversial bailout package that was agreed to in the early hours of Saturday morning.
Despite the huge scarcity of real estate, thousands of owners hoard properties and are reluctant to sell because they expect prices to rise in the near future. The combination of a demand-supply mismatch and speculative urge provides op
According to the latest economic forecasts from the International Monetary Fund (IMF), released on Tuesday, Greece will miss the five-year debt reduction target that underpins the country's 130 billion euro bailout.
Do the Swiss know something the rest of us don’t?
Markets in Europe got slammed today. However, they closed off of their lows.
Markets are falling early in the European trading session.
The French government is trying to reign in its deficit by jacking up taxes, including the capital gains tax, which it wants to bring to the same level as the tax on income earned by the sweat of your brow—an old philosophical pillar of the French le
Appearances are important! Those who follow free-market economics know what needs to be done to pull Europe out of its slump. But the reporting gives no clue of the reality.
In the last several days, the chatter about the dismal situation in France has grown much louder.
The last several hours has seen a huge slew of economic data.
While Europe watches and waits for Spain to submit a formal bailout request to the EU and the ECB, the economic situation on the ground there continues to deteriorate.
While the 'Misery' Index in Iran reaches exceptional levels, and the US aggregate of inflation and unemployment peaked last October, Europe's misery has continued to rise in the face of an ever-easing ECB and political jawboning.
An Islamist group on Tuesday said it will carry out new cyber attacks on US banking targets, according to SITE Intelligence Group, following similar attacks last week in response to an anti-Islam film.
Banking tycoon Baron Rothschild is credited with saying that ‘the time to buy is when there’s blood in the streets.’ Rothschild took his own advice, making a fortune buying deeply undervalued assets following Napoleon’s defeat at the Battle of Waterl
Indian industrial production grew just 0.1 percent year-over-year (YoY) in April, and manufacturing which accounts for 75 percent of the industrial output index also grew just 0.1 percent.
The state visit to China this week by Russian President Vladimir Putin, followed by a summit of the Shanghai Cooperation Organisation in Beijing, has underscored a developing strategic partnership between China and Russia.
I talked with a Swiss banker from Geneva today. The conversation went like this:
American Silver Dime Cards vs Iranian Gold Cards
These days, with a crisis atmosphere growing in the Persian Gulf, a little history lesson about the U.S. and Iran might be just what the doctor ordered.
From Somalia's "pirate stock exchange" to the flourishing illegal organ trade in Egypt, there are some making money hand-over-fist, under the table.
Class war across Europe rages
Class war in Europe
Heads of state in Europe are congratulating each other for agreeing to a deal that will force fiscal discipline on European Union countries and impose sanctions on those that stray from the budget diktats of EU regulators.
Weekend rumours that Swedbank was facing legal and liquidity problems in Estonia and Sweden sent thousands of Latvians to bank machines on Sunday, with some lines reaching as many as 50 people.
Grupo Gowex (GOW), a Spanish provider of Wi-Fi wireless services, is moving funds to Germany because it expects Spain to exit the euro. German machinery maker GEA Group AG is setting maximum amounts held at any one bank.
Capitalism is supposed to be a system of profit and loss, but in recent years, central bankers and central planners seem to have forgotten the part about losses. The strategy cannot work over the long term. Economic law, eventually, prevails.
Confused why Tim Geithner has seemingly booked a weekly round trip ticket to Brussels to give the Eurocrats their weekly pep talk (much to his endless humiliation as Europe Tells Geithner To Take His Advice And Shove It reminds us)?
With the euro at stake, the main leaders of the euro zone said they would remake the European Union into a more integrated political and economic federation, with tight legal restraints on how much debt national parliaments can issue.
