Global Stocks Drop as U.S. Fiscal Cliff Deal Fails
Without an agreement, the U.S. economy will fall off the so-called fiscal cliff on Jan. 1 when Bush-era tax cuts expire and spending cuts kick in automatically.
Draghi Pushes Germany on ECB
The ECB head wants to buy bonds, and he doesn’t want to wait—and says it’s not necessary—to wait for closer political unity among European nations to do so.
China PMI Could See 9-Month Low
Should that happen, it is likely to increase pressure on the country’s central bank to boost easing measures.
Regulators Question Interest Rates From Sweden to Singapore
Regulators are questioning how interest rates are set across the globe—not just LIBOR and EURIBOR, but also various in-country rates.
S&P 500 Nears ‘Ultimate’ Death Cross: SocGen
It’s a scary name for a scary situation.
Morgan Deemed ‘Winner’ in Moody’s Bank-Rating Massacre
Fifteen banks in the U.S., U.K. and Europe with global capital markets operations saw their ratings cut by Moody’s, some by as many as three notches.
Southern Eurozone’s Woes Simmer On
Despite a weekend bailout for Spain’s banking sector that was meant to reassure investors, markets continued to punish the southern eurozone.
Family Office Exchange Names Alexandre Monnier President
Family Office Exchange, which serves high-net-worth families and their advisors around the world, appointed Alexandre Monnier president last week.
ECB Will Buy Bonds, Not Make Loans: Economists
The ECB is more likely to resume buying up sovereign bonds than it is to make any more cheap long-term loans, according to a poll of economists.
China Growth Slowest in Almost Three Years
China's economy is still slowing, hitting its lowest growth rate in almost three years, with the first-quarter rate prompting fears that additional government intervention might be necessary to halt its downward slide.