Saturday's Top 50 Breaking Economics News, Headlines & Stories
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EconomyBrief
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There is a generally shared view that growth differentials will lead to wider interest rate differentials that will spur the long awaited dollar rally. The markets are anticipatory in nature, and many observers suspect that dollar...
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First the good news: one can now buy an apartment in Hong Kong for the low, low price of under HK$2 million, or HK$1.94 million to be precise which amounts to a measly USD $250,000. Hong Kong's leading property developer and conglomerate...
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Among the major proposals to receive approval is a Rs 9,000 crore tender to provide five fleet support ships for the Navy, for which the Request for Proposal (RFP) would be issued to all public and private sector shipyards, Defence Minis...
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New Zealand dollar ends week at one-month low, dragged by below-target inflation and a strong US dollar.
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Brent contract finishes flat for the week while US contract gains.
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Though the income gap has widened in many individual nations, it has been shrinking globally for most of the last 20 years.
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Hiromichi Mizuno hired as member of investment committee at Japan's $1tn Government Pension Investment Fund.
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The government stake in the banks would remain over 51 per cent, says the Finance Minister
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Commerzbank predicts gold prices to rise to $1,350 per troy ounce by end-2014.
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Says getting the unbanked money into banking system would be useful for the economy
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The RBI's decision to permit banks to sell 7-year bonds on which they don’t have to keep reserves could well create a new and robust market for them.
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Argentina signed deals on Friday to borrow 7.5 billion dollars from China at a time when Buenos Aires cannot access global capital markets because of disputes over unpaid debt. Beijing also extended a three-year agreement for an 11bn swa...
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After the BRICS summit and a visit to Brazil, China's President Xi Jinping is embarking on a tour of Argentina, Venezuela and Cuba in a bid to boost ties and gain clout in the region, as analyst Victor Mijares tells Deutch Welle.
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Iran's currency takes a big hit as country struggles to sell oil following economic sanctions.
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Brazil leading aircraft manufacturer and space research company, Embraer has released its Market Outlook 2014-2033 which details the company's forecast for deliveries of new 70 to 130-seat jet aircraft over the next twenty years. The rep...
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The Italian chapter of Task Force Argentina (TFA), an organization which represents bondholders that did not accept the 2005 and 2010 debt swaps, urged the government of President Cristina Fernandez to negotiate and warned it will keep o...
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China expanded its trade partnership with Brazil with 7.5 billion dollars in financing for Brazilian miner Vale, the purchase of 60 passenger jets from plane-maker Embraer and renewed commitment to invest in infrastructure.
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Yesterday, we laid out extensively what the official Ukrainian case was when it came to "proof" that Russian separatists had launched the Buk missile which allegedly took down flight MH-17; we also highlighted several glaring inconsisten...
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Submitted by Mike Krieger of Liberty Blitzkrieg blog , Thanks to Edward Snowden, we now have proof about an incredible set of tools used by the British equivalent of the NSA, known as the GCHQ, or Government Communications Head...
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TOKYO (Reuters) - Japan's government will cap new bond issuance for next fiscal year's budget at 41.3 trillion yen ($407.62 billion), which is the same amount of new debt sold for the current fiscal...
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Angola’s central bank said the local division of Banco Espírito Santo would need to increase its capital to deal with bad loans.
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While we have again and again explained why Abenomics is ultimately doomed as you simply cannot print your way to prosperity (a message The Fed appears to be discovering rapidly), when Goldman Sachs unleashes an Abenomics-bashing piece ,...
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BUENOS AIRES (Reuters) - Argentina signed deals on Friday to borrow $7.5 billion from China at a time when the Latin American country cannot tap global capital markets because of disputes over unpaid...
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Presented with no comment (except to note how different the "fact" in this chart is from the "fantasy" we hear spewed day after day about 'recovery' in the world's economy) ... Chart: Bloomberg
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Submitted by Chris Martenson via Peak Prosperity , We talk a lot about Peak Cheap Oil as the Achilles' heel of the exponential monetary model, but the real threat to the quality of our daily lives would be a sustained loss of electrical ...
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Despite being dismissed as "noise", inflation is here and it's rising . As the following chart shows, if you eat, drive, use electricity, or live in a house, you are paying dramatically more this year than you did last year. On the brigh...
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As the world reels from news of Malaysia flight MH17 being down over eastern Ukraine and the Israeli Defense Force moving in on Gaza , economists worried about the effect of these geopolitical tensions on global markets. There probably ...
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Via Scotiabank's Guy Haselmann, Please be advised that today’s note is an attempt at light tongue in cheek fun. My hope is that it does not come off as disrespectful in any way... And The Oscar Goes To... Yellen and th...
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LONDON (Reuters) - The number of first-time homebuyers in Britain hit its highest level since the start of the financial crisis in the first half of 2014, helped by the recovering economy and...
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Ignoring for one second yesterday disastrous air crash in Ukraine, the 'boomerang' of sanctions continues to be thrown back and forth between the US and Russia. Having restricted Russian firm's access to USD funding, Putin has come out s...
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Presented with little comment aside to ask - in all frankness - does this look like a 'recovering' economy five years after a central bank unleashes its extreme monetary policy? #1 - Are builders really as bullish as NAHB Sentimen...
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At the heart of the China Commodity Financing Deals (CCFD) is the ability to leverage a letter of credit on the basis that there was some collateral somewhere that backed the risk of this rehypothecatable 'money'. Until now, the ...
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Submitted by Charles Hugh-Smith of OfTwoMinds blog , The correlation between the Fed's monetary heroin production and the stock market will break down as the market normalizes. In the spirit of calling things what they are , lo...
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BRUSSELS (Reuters) - The European Commission's call for views on a contentious part of a planned EU-U.S. free trade deal has drawn almost 150,000 responses that will take months to process, a senior...
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Remember: when central planning works (almost exclusively in the form of another all time "market" high, if not so much in the increasing frequency of wars and conflicts around the globe) it is because the Fed's policies worked. When, ho...
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IMF head Christine Lagarde warns that financial markets maybe a little too upbeat given high levels of unemployment and debt in European economies.
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Earlier, when we commented in the abnormality in the flight path of flight MH-17 we said that "perhaps before coming to "certain" conclusion about the involvement of this rebel or that, the key questions one should ask before casting bla...
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Submitted by Lance Roberts of STA Wealth Management, This past week, Chairwoman Janet Yellen presented the Federal Reserve's Semiannual Monetary Policy Report to the Congressional Committee on Banking, Housing, and Urban Affairs. Whi...
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Despite the stonkingly good economic growth, and the near-miraculous performance of the jobs market, the budget deficit remains horrifyingly large
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Just imagine how high stocks would be if more jets were shot down in Ukraine, more ground operations were unleashed in Gaza, more sanctions were placed on global growth, more European and US macro data disappointed, more job cuts at majo...
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BUENOS AIRES/NEW YORK (Reuters) - A lead holdout investor in Argentina's debt row said on Friday the South American country seemed determined to default, after market gossip of a possible...
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While it is too early to know who shot down Malaysian Airlines flight MH-17 over Ukraine yesterday - and while it could have been a false flag - it would be good to remember that airlines have accidentally been shot down numerous t...
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Submitted by Simon Black of Sovereign Man blog , If you ever find yourself vacationing in the western Pacific, I highly recommend swinging by Yap Island, home of one of the most bizarre forms of money in history. Over a thousand years ag...
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There is a glaring divergence between the performance of US equities and high-yield credit's spread over investment-grade credit. As BofAML warns, "either HY rallies or stocks soon in a bit of trouble," because the only pillar left to ho...
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Manila-based Asian Development Bank (ADB) has upgraded India’s economic growth forecast to 6.3 per cent in 2015-16 on hopes of speedy reform process. The multilateral funding agency, howe...
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Wolf Richter www.wolfstreet.com www.amazon.com/author/wolfrichter Don’t let a good crisis go to waste – that appears to be the newest slogan of Russian President Vladimir Putin, as his approval rating...
