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Customers' deposits at Italian bank Monte dei Paschi fell by "a few billion euros" after a scandal erupted in February over loss-making derivatives trades at the lender, the bank said in a document posted on its web site on Saturday. Monte dei Paschi

If you haven't had a chance to read it yet, take some time this weekend to glance at Matthew Boesler's interview with Bernd Lucke, the German professor who is is leading an insurgent movement called Alternative für Deutschland (Alternative For

After flirting with an all-time high for three weeks, the S&P 500 (.SPX) posted its best closing level in history. But some strategists say Thursday's record could be a harbinger that the stock market rally is running out of steam. The S&P traded

European Central Bank President Mario Draghi phoned Italian President Giorgio Napolitano after media reports that the 87-year-old head of state was planning to resign early to clear the way for new elections, newspapers reported on Sunday. Napolitano

David Stockman, The Great Deformation Then, when the Fed’s fire hoses started spraying an elephant soup of liquidity injections in every direction and its balance sheet grew by $1.3 trillion in just thirteen weeks compared to $850 billion during its

We hope you're having a relaxing weekend. It's going to be another big week for the global economy, kicking off Sunday night. Sunday evening is the beginning of global PMI day, in which we get surveys from Asia, Europe, South America, and the U.S

At the opening of the new trading week some interesting symbols : EURUSD : 1.2801 USDCHF : 0.9506 GBPUSD : 1.5192 No significant gaps. Prices valid at 8 PM GMT

If at first you don't succeed in taxing the rich, try, try again. French President Francois Hollande made changes to his failed proposal for a 75% top tax rate on Thursday, shifting the burden of payment from individuals to businesses that pay

Here's what you need to know. Markets in Asia were mostly lower in overnight trading, with the Nikkei dropping 2.1 percent and the Shanghai Composite falling 0.1 percent. European markets are closed today. In the United States, futures point to a

Factory activity slowed in March as new orders weakened, but a rebound in construction spending in February was another sign of faster economic growth in the first quarter. The Institute for Supply Management said on Monday its index of national

Stocks declined on Monday after weaker-than-expected manufacturing data gave investors reason to book profits after both the Dow and S&P 500 set record closing highs in the prior session. The Institute for Supply Management's March manufacturing

Brussels has been forced to eat a generous slice of humble pie: A massive sell-off of the euro is underway in the wake of a persistent financial crisis, as holdings in the European currency by emerging economies were slashed by almost 8 percent last

The number of unemployed at the end of March 2013, according to data from the records of the Public Employment Service, has dropped in 4979 people in connection with last month. In relative terms the reduction is 0.10%. This is the first fall in

The euro area1 (EA17) seasonally-adjusted2 unemployment rate3 was 12.0% in February 2013, stable compared with January4. The EU271 unemployment rate was 10.9%, up from 10.8% in the previous month4. In both zones, rates have risen markedly compared

Société Générale analysts are quite bearish on gold. Their $1375-per-ounce price target for the end of 2013 puts them well below most of the Street. Today, the SocGen team, led by Patrick Legland and Michael Haigh, released a new report titled "The

Last week, the Dow (DJI) and S&P 500 (^GSPC) both beat their all-time closing highs set back in 2007. In a Sunday New York Times op-ed, David Stockman, President Reagan’s budget director and former Republican Congressman, writes “instead of cheering

The devil lies in the detail of Cyprus’s salvation. The island nation’s rescue sets precedents for the euro zone that may stick in the memory of depositors and bondholders alike as investors debate who will next fall victim to the debt crisis. Under

All Cypriot banks will remain closed until Thursday, the central bank now says, and temporary measures will be placed on transactions when they reopen despite an EU/IMF bailout deal. Earlier, the authorities said all but the biggest two would open on

More American homeowners will be able to use their properties as cash machines again after real estate equity jumped last year by the most in 65 years. Property owners recaptured $1.6 trillion as home values climbed to the highest levels since 2007

The Conference Board's March consumer confidence survey is out. The headline index plummeted to 59.7 from a downwardly-revised 68.0 last month. Economists were expecting a smaller drop to 67.5 (from a reading of 69.6 last month before the revision to