European bank stocks drop on Obama plans
In London, Barclays shares dropped 3.5% and the London Stock Exchange fell by 2.2%. Deutsche Bank...
UK Retailers report weakest Christmas since 2007
Retail sales rose by much less than expected in the festive season, marking the weakest November-to-...
Obama Dollar Weakens on Fighting Words
[mserve id="US_President_Barack_Obama.jpg" align="left" width="400" caption="US President Barack Oba...
Fed Contemplates Winding Down Stimulus Spending
On January 13th, the Federal Reserve Beige Book revealed that 10 of the 12 districts surveyed by the...
Obama Proposes New Rules to Limit Bank Size, Risk
President Barack Obama will offer proposals to limit financial institutions’ size a...
US New Jobless Claims on the Rise
Analysts were somewhat surprised this morning when the US Labor Department announced that the number...
Obama to Limit Size, Risks of Banks
President Barack Obama, eager to harness and redirect voter anger over bank bailouts, is ramping up ...
Eastern European Currencies Tumble on Greek Risk
Scratched nerves over Greek debt and the strained structure of Europe’s single curr...
UK Government borrowing hits new record for December
Britain borrowed £15.7bn to balance the books last month, the highest December figure on rec...
Greece Confident in Raising Money
Greece is confident it can meet its financing needs as it grapples with a ballooning budget defi...
China mops up excess liquidity
[mserve id="Central_Bank_PBOC.jpeg" align="left" width="250" caption="People's Bank of China " alt="...
Greece Worries Might Be Spreading
Worries about Greece’s fiscal woes may be spreading outward to other highly-indebte...
US Wholesale Prices Gain 0.2 Percent
The Labor Department released December's wholesale price report this morning showing prices increase...
New US Home Construction Declines in December
The US Commerce Department announced this morning that construction of new homes for the month of De...
Surprise Fall in UK Unemployment
For the first time in a year and a half, unemployment in the UK fell, declining by 7,000 to 2.46 mil...
Bank of England votes 9-0 to hold rates and stimulus plan
[mserve id="Central_Bank_BOE.jpeg" align="left" width="400" caption="Bank of England" alt="Central B...
Canada inflation hits 10-month high on gasoline
[mserve id="Central_Bank_BOC.jpg" align="left" width="400" caption="Bank of Canada" alt="Central B...