Saudis Sitting Pretty in Global Oil Price Plunge
There’s still only one country in a position to choose winners and losers in the global market: Saudi Arabia.
Trends Point to Growth & Stability
Developed nations are showing renewed signs of stability in output growth and employment, according to recent data from the International Monetary Fund. Meanwhile, the emerging markets of the world have hit an important milestone: Their combined gross domestic product now represents more than 50% of global production, a recent IMF...
Emerging Markets Dominate Global GDP
Portfolios have not caught up with this shift, says analyst Jan Dehn of Ashmore.
Cyprus Will Be Fifth to Ask for Bailout
The country has already asked Russia for a 5 billion-euro loan.
Downgrades of France, Others Irrelevant: Investors
Ratings agencies suffer from a credibility problem, judging from market reactions to some of their most dramatic moves.
Germany Doubles Down on Greece
German officials seem to be backing away from earlier hints that leniency would be possible toward Greece on complying with the budget constraints of its bailout package.
Shrinking Exports Drive Japan to Trade Deficit
Japan said that it experienced a trade deficit that was wider than expected, after demand from Europe and China both fell. It is the ninth trade deficit for Japan in 12 months.
Greece Progresses on Rescue
The ECB’s Governing Council has decided to raise the upper limit for the amount of Greek short-term loans the Bank of Greece can accept in exchange for emergency loans.
Draghi, With Credibility at Stake, Ups Ante in Debt Fight
ECB President Mario Draghi is upping the ante after saying last week he would do "whatever it takes" to preserve the euro.
Moody’s Cuts Outlook on Germany, Luxembourg, Netherlands
Germany, the Netherlands and Luxembourg saw their outlooks downgraded to negative by Moody’s Investors Service late Monday as debt woes in the eurozone continued to worsen.