8 Unforeseen Consequences of Russian Sanctions
U.K. luxury spending by tourists drops, while McDonald’s and even Miley Cyrus could lose big.
Spanish Industrial Output Falls
The news for Spain just kept getting worse on Wednesday as its industrial output fell the most since October 2009.
Moody’s Threatens Ratings Cuts for European Banks
The banks of 15 countries in Europe have been put on notice by Moody’s: their subordinated debt ratings may be cut by the agency because there is the possibility that government support for that debt will not be forthcoming.