Economy & Markets
The important economic and stock market news that advisors need to know.
EU Expected to Nix NYSE-Deutsche Boerse Merger
By Marlene Y. SatterAlthough the decision is neither official nor public yet, the European Union is expected to recommend against allowing a Deutsche Boerse takeover of NYSE's Euronext as early as next week.
December 30, 2011
Spain to Raise Taxes, Cut SpendingSpains new Prime Minister Mariano Rajoy is taking tough steps to combat his countrys debt crisis, and has announced that while taxes will rise substantially, spending will be cut even more.
December 30, 2011
Euro Set to Record Second Annual Fall Against DollarAfter a year of battering, and on the verge of another anniversary, the euro is shrouded in doubt. As 2011 draws to a close it looks likely that the joint currency will record its second annual drop in value, something it has not done in 10 years.
December 30, 2011
Gold Headed for Bear Market: SorosAnalysts might be bullish on gold for 2012, but George Soros isn't so sure.
December 30, 2011
Factory Activity Slows in ChinaFalling factory activity in China, mirroring lower demand both among domestic and foreign customers, may force Beijing to turn to growth policies to keep its economy revved up.
December 29, 2011
Stark Advice on Risk Avoidance From Leading AcademicZvi Bodie has long been a lone wolf in the financial services industry. The Boston University finance professor and veteran risk avoidance advocate, has himself risked being pelted with eggs, or worse.
December 29, 2011
Greek Tax Officials StrikeTax officials in Greece further complicated the country's efforts to cope with its austerity measures in the midst of the debt crisis as they walked off the job on Thursday, shutting down tax offices for the last two working days of the year.
December 29, 2011
Mideast Loans on Block as Euro Banks Seek CashEuropean banks, in search of cash to meet new requirements, are looking to sell off their loans to Middle Eastern countries, and are looking for Arab banks as buyers in the process.