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Hackers brought down the Russian central bank's website on Friday before a meeting on interest rates, the bank said. "The site of the central bank is experiencing problems due to a hacker attack," the Bank of Russia said in a statement. The site

A month ago we reported that according to much delayed TIC data, China had just dumped the second-largest amount of US Treasurys in history. The problem, of course, with this data is that it is stale and very backward looking. For a much better, and

Presented with little comment.. Compare this: *U.S. ECONOMIC GROWTH IS GATHERING SPEED, IMF'S LIPTON SAYS To the following chart... It appears the "big lie" remains well and truly in place... Just keep repeating it... Oh and as a follow-up, Lipton

The last time a leaked phone call out of Ukraine was released about a month ago ostensibly by the Russian NSA equivalent, one between US assistant sec state Victoria Nuland and the US envoy to the Ukraine, Geoffrey Pyatt, it was revealed that the

Make a rate cut? Loosen up on lending conditions? Or do nothing at all? For weeks, economists have been guessing away about what the European Central Bank might do at its rate-setting meeting on Thursday. Nothing new in that — only this time, they’re

The ranks of the world’s billionaires continue to scale new heights–and stretch to new corners of the world. Our global wealth team found 1,645 billionaires with an aggregate net worth of $6.4 trillion, up from $5.4 trillion a year ago. We unearthed

Yes the Government is Spying on You Through Your Webcam – Another “Conspiracy Theory” Proven True Posted on February 27, 2014 I still remember many years ago in response to becoming aware of the possibility that my computer webcam could be accessed

For those who follow folksy Uncle Warren, here is the breakdown of Berkshire's Q4 and full year results, as well as his latest letter to investors. Book value at Dec. 31: $134,973/shr Book value up by 18.2% since ’12 end 4Q oper EPS $2,297, est

This has been a rough week for many Bitcoin owners who have lost substantial amounts of money due to the collapse of Mt. Gox, which had been the world’s largest Bitcoin exchange. However, Bitcoin owners who escaped the fraud that took down Mt. Gox

Ukraine Orders Full Military Mobilization

At least 92 U.S. anti-poverty programs that cost a combined $799 billion in the 2012 fiscal year form a “complex web” that often contributes to keeping people poor, according to a report from the House Budget Committee. Many federal welfare programs

Billionaire investor George Soros, the man made famous for breaking the Bank of England by shorting the pound in 1992, reportedly told a German newspaper over the weekend that he’s a euro believer. The full article at Der Spiegel isn’t available

Ex-Jefferies & Co. trader Jesse Litvak’s former customers told a jury during his fraud trial in Connecticut that lies and misrepresentations are a common part of the give-and-take of bond trading. Litvak, 39, is on trial in New Haven federal court

Pop quiz: When really nasty criminals and dictators want to hide their illicit gains, which country do they go to? I’ll make this easy for you– multiple choice: a) Switzerland b) British Virgin Islands c) Hong Kong With all the drama, history, and

Microsoft Corp. (MSFT) is cutting the price of Windows 8.1 by 70 percent for makers of low-cost computers and tablets as they try to fend off cheaper rivals like Google Inc. (GOOG)’s Chromebooks, people familiar with the program said. Manufacturers

The Obama administration announced new guidance for banks Friday, allowing them to do business with legal marijuana dispensaries. The Treasury's Financial Crimes Enforcement Network gave institutions the green light to accept money from marijuana

Last week, Federal Reserve Chairman Janet Yellen testified before Congress for the first time since replacing Ben Bernanke at the beginning of the month. Her testimony confirmed what many of us suspected, that interventionist Keynesian policies at

You might be surprised how much of my 32-year career in the City of London was spent thinking about a single economic indicator: U.S. nonfarm payrolls. A lot revolved around predicting that number, waiting for that number, analyzing that number and

At first we thought Reuters had been punk'd in its article titled "EU executive sees personal savings used to plug long-term financing gap" which disclosed the latest leaked proposal by the European Commission, but after several hours without a

Corruption across the European Union's 28 countries costs about 120 billion euros ($162 billion) per year -- a "breathtaking" sum equal to the EU's entire annual budget, EU Home Affairs Commissioner Cecilia Malmstroem said Monday. Malmstroem said the