New Italian Government: Will Promises Pay Off for Investors?
The new prime minister, Matteo Renzi, has made big promises for the Italian economy, but delivery may be difficult.
Tweets of Doom From Gross, Roubini Point to Slowdown
Twin tweets from two titans, PIMCO's Bill Gross and the economist Nouriel Roubini, on Monday point to pessimistic outlooks from the men and their firms.
G7 Sets Crisis Conference Call After Soros Warning
G7 leaders planned a conference call Tuesday ahead of a scheduled mid-June summit meeting, after a weekend warning by the billionaire George Soros that Europe had just three months to salvage the euro.
4 Fed Bankers: No Need for QE3
In further proof the days of presenting a united front at the Fed are gone, four central bankers said Tuesday that further stimulus won’t be needed.
U.K. Manufacturing Unexpectedly Falls
Manufacturing in the U.K. surprised economists by falling 1% in February, when they had expected it to increase by a small margin. To add to the glum news, January’s numbers were adjusted downward as well.