By Bill Bonner in Rancho Santana, Nicaragua It took only 48 hours. And France took the bait. Rather than declare the murder of the Charlie Hebdo cartoonists a crime, which it surely was, French prime minister Manuel Valls turned an act of murder into an act of war, which it surely wasn't...
According to a final estimate released by the State Statistics Service (Rosstat), Russia’s inflation hit 11.4% in 2014 reaching its highest level since 2008 when consumer prices rose by 13.3...
According to David Kostin, Goldman Sachs's chief U.S. equity strategist, U.S. stock markets will experience a pullback from their record highs at the end of February...
The UK's deficit in goods and services was £1.4bn in November, compared with £2.2bn in October, according to the Office for National Statistics. However, it said this reflected a fall in the value of imports rather than an increase in export activity. Imports fell £1...
Melbourne, Australia Saturday, January 10th, 2015 The Right Assets at the Right Time From Callum Newman in Albert Park: --Besides the direction of the oil price and worries about possible contagion from a distressed Russia, the big question of 2015 is when will the US Fed raise interest rates...
ECB now intensely pressured to apply QE, after indicators showed Europe officially entered deflation
According to many eurozone politicians and analysts, the 0.2% drop in prices, the first annual fall for five years, indicated the weakness of the eurozone economy and the need for a fresh injection of funds by the central bank...
Speaking at a press conference in Downing Street, Angela Merkel, the German chancellor, said that she has “always” supported Greek membership of the euro as she said she had “no doubt whatsoever” that Athens would uphold its commitments, as Britain's The Guardian reports...
Deflation is a danger that has the European Central Bank arming itself with a range of exotic policy weapons. Some of them were cancelled, like negative interest rates on bank deposits with national central banks...
According to Steven Englander, global head of G-10 foreign-exchange strtegy at Citigroup Inc., the average 10-year bond yield of the United States, Japan and Germany, taken together, has dropped below 1 percent for the first time ever...
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Retreating from unprofitable businesses around the world, Citigroup Inc has agreed to sell its Japanese retail banking operations to Sumitomo Mitsui Banking Corp (SMBC...
According to Finance Minister Anton Siluanov, Russia is now facing a “considerably higher” deficit next year than it was expected as the economy slips toward recession...
Confronting the lowest oil prices in five years, Saudi Arabia sees a wider budget deficit next year. The country expects it to widen to 145 billion riyals ($39 billion) in 2015...
According to Britain's statistics age½ncy, the UK economy has grown less since 2008 recession. The news is potentially awkward for Prime Minister David Cameron and Treasury chief George Osborne ahead of an election next year, in which the economy looms large...
Ruble swap: China is challenging IMF as emergency lender, gaining more influence over global economy
This weekend Chinese officials anounced they are willing to expand a $24 billion currency swap program to help Russia weather the worst economic crisis since the 1998 default. Some time earlier, China has already provided $2...
“He [Jack Ma] knew a lot of us got rich and wanted to tell us not to waste our money,” said Sun Shuihua, who worked at Alibaba for a decade. “He told us to treat our wealth responsibly.” Sun, 36, is already doing it, however...
Chinese authorities have begun the probe targetting the possible manipulation of stock prices on Chinese exchanges even as local shares traded at a three-year high on Monday, The WSJ reported...
