U.S. Stocks Drop as Debt Deal Hope Fades
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Prospects for U.S. Debt Deal Improving
Confirming that “some progress” has been made in the race to come to a deal to raise the...
Bank of Canada hints rate hikes are coming sooner rather than later
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Greek Economic Crisis: Infographic
The Greek economic crisis continues to make headlines as Prime Minister George Papandreou attempts t...
Housing Starts in U.S. Reached Five-Month High in June
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Bank of Canada Leaves Interest Rate at 1%
The Bank of Canada has left the key overnight interest rate unchanged at one per cent amid slower th...
Bank of America Posts $8.8B Quarterly Loss
Bank of America – the largest bank in the U.S. – has recorded a record quarterly loss of...
8 EU Banks Fail Testing – 16 in “Danger”
Of the 90 European banks to undergo the so-called “stress tests” to determine how prepar...
Trichet Calls for “Will and Determination” to Solve Debt Crisis
European leaders will meet July 21st in Brussels to determine the next steps in dealing with the Gre...
Eight Banks Fail EU Stress Test With $3.5B Shortfall
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What if the U.S. Fails to Reach Debt Limit Deal?
Most analysts believe U.S. lawmakers will ultimately arrive at an agreement to lift the $14.3 trilli...
EU Bank Stress Tests to Show 15 Banks Need Cash
The results of the so-called stress tests designed to identify European banks in need of recapitaliz...
S&P Issues Warning to US
Standard & Poor’s followed up yesterday’s warning from Moody’s Investors Serv...
US Retail Sales Disappoint
US retail sales for June increased by just 0.1 percent as consumers continue to battle with elevated...
Italy Forced to Offer Premium to Sell Bonds
Italy managed to sell nearly 3 billion euros worth of government bonds but was forced to offer a hef...
Bernanke suggests more accommodation possible
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IMF Calls on Italy to Curtail Spending
The International Monetary Fund (IMF) today urged Italy get on with its austerity measures to reduce...
Incoming ECB President Calls for “Certainty” in Face of Crisis
Mario Draghi who will assume the mantle of European Central Bank President later this year said toda...
Draghi: Today’s cost of credit reflects that new reality
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Draghi Says EU Debt Crisis Is in New Phase
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