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Major debt restructuring for both Cyprus and Greece will probably force the struggling euro zone countries to leave the single currency, according to Citigroup's latest economic outlook, which warned markets could again be hit by escalating fears

In a wide-ranging look at the history and present of the barbarous relic, CBC's Ann-Marie MacDonald has gathered many perspectives (pro and con) on gold. The following documentary moves from historical shipwrecks to Nazi 'death gold' and England's

An early peek this week at how the euro zone economy performed in April could cement the case for the next installment in an unprecedented campaign of monetary easing by the world's major central banks. A preliminary survey of purchasing executives

The yen began the week on a shaky footing on Monday, with the dollar on track to take out the elusive 100 level, after the Group of 20 countries refrained from criticising Japan's reflationary policies that have significantly weakened its currency

The U.S. dollar rose against Japan’s currency Monday, flirting with the 100-yen level after financial officials from the world’s top economies refrained from criticizing Japan’s weakening of the yen through its monetary-policy program. The dollar

Sales of previously owned U.S. homes probably rose in March for a third month to reach the highest level since late 2009, further evidence of an improving real-estate market, economists said before a report today. Purchases (ETSLTOTL) climbed 0.4

Sales of previously owned U.S. homes unexpectedly dropped in March, showing uneven progress in the industry. Purchases (ETSLTOTL) of previously owned houses, tabulated when a contract closes, fell 0.6 percent to a 4.92 million annual rate last month

World equity markets rose on Monday, erasing earlier losses as Wall Street attempted a rebound after its worst weekly decline this year, while the dollar slipped against the Japanese yen but remained within a hair's breadth of the key 100 level. U.S

The U.S. dollar was nursing a grudge in early Asian trade on Tuesday after another attempt at 100 yen failed due to options-related offers, but traders suspect it is only a matter of time before the psychological level is broken. The greenback bought

The European Commission will propose "frontloading" payments to Cyprus from the EU budget so that allocations for the next seven years are paid early to give the battered economy a boost, European Commission President Jose Manuel Barroso said. In a

In April 2013 the ZEW Indicator of Economic Sentiment for Germany has fallen by 12.2 points and is now at a level of 36.3 points. Despite its decline, the indicator currently hovers at its third highest mark within the last 24 months. The current

The selloff in gold that cut futures 13 percent over two days was sparked by investor concern that European governments may have to follow Cyprus in selling part of their holdings, according to Goldman Sachs Group Inc. The slump, which drove prices

New rules on bankers' bonuses and the amount of capital that banks must hold as a buffer have been approved by the European Parliament by a big majority. The package was agreed with the 27 EU governments and most of it is likely to take effect on 1

The yen tumbled against the dollar and the euro on Tuesday, reversing the previous session's sharp gains as investor anxiety triggered by a record plunge in gold prices eased, denting demand for the safe-haven Japanese currency. A drop in U.S

When he woke up to news of a collapse in gold prices, Yujiro Yamashita, 63, made his way to Tokyo's posh Ginza district to buy the precious metal for the first time in 20 years. Yamashita and other contrarian, individual Japanese investors understand

Investors are dumping gold funds at the fastest pace in two years in favor of equities, compounding a slump that has wiped $560 billion from the value of central bank reserves. Exchange-traded products linked to gold dropped $37.2 billion in 2013 as

In recent years, policy makers in Europe and the United States have fastened on the notion that reaching a certain heavy burden of debt would threaten future economic health — often to justify austerity budgets that increased unemployment and sapped

European shares dropped sharply on Wednesday as investors switched to stronger markets in the United States and Asia, where economic growth prospects are brighter due to massive central bank stimulus. Expectations of further support from the U.S

The euro extended its losses against the dollar to trade 1 percent lower on Wednesday after European Central Bank Governing Council member Jens Weidmann was quoted by the Wall Street Journal as saying the ECB could lower interest rates further if

Investors including hedge-fund manager John Paulson faced losses this week as gold suffered its biggest rout in three decades. Warren Buffett told them there were better places to put their money. The billionaire chairman of Berkshire Hathaway Inc