Negotiations between Iran and the P5+1 -- the US, the UK, France, China, Russia, and Germany -- ended in failure yesterday. The six-nation team sought an end to Iran’s nuclear ... Read Full Story »
After markets closed last night, CME Group Inc. (NASDAQ: CME) announced a 5-for-1 stock split which will be accomplished as a 400% stock dividend. The dividend will be paid on ... Read Full Story »
The rise in US natural gas production from shale has cut the use of coal as a power generation fuel by about 20%. Natural gas, which emits about half the ... Read Full Story »
Early this morning, HSBC said its China Purchasing Managers’ Index in May slipped to 48.7, lower than expected. Later in the day, there was evidence of a sharp slowdown in the ... Read Full Story »
China’s PMI is not a bad marker for global economic activity. That being said, a key measure of it, issued by HSBC, showed a rapid contraction in May. The HSBC Purchasing ... Read Full Story »
So much for any great help from the ECB, France, Germany, and any other entity being able to help the Euro stay together. Rumors have been out that nations have ... Read Full Story »
The World Bank's new "East Asia and Pacific Economic Update" forecasts that China's GDP growth will only be 8.2% in 2012 which is a substantial come down for a nation ... Read Full Story »
The International Atomic Energy Agency (IAEA) and the government of Iran have agreed to a new inspection plan that gives the IAEA access to previously closed Iranian nuclear development facilities. ... Read Full Story »
The new IMF report on the UK ("United Kingdom—2012 Article IV Consultation Concluding Statement of the Mission") has a pessimistic tone. But, the agency believe that the country can help ... Read Full Story »
The International Labor Office of the United Nations released its new "Global Unemployment Trends For Youth 2012" It is one more forecast of a "lost generation" of productive workers. As ... Read Full Story »
It is never a good thing to see a run on the banks. That is what the fears were recently indicating in Greece. The problem is that Spain is a ... Read Full Story »
Until now, the evidence that manufacturing is moving back to the US from offshore -- a process sometimes called ‘re-shoring’ -- has been largely anecdotal. Manufacturing jobs have been growing ... Read Full Story »
For the past six years, the country that has produced the most oil (and liquids) has been Russia. Saudi Arabia has been second, until this past March according to data ... Read Full Story »
It is one thing to agree to something while under duress. It is quite another to do so from necessity. Angela Merkel of Germany relented a bit on her stance ... Read Full Story »
A Moody’s downgrade of several banks in Spain smashed markets in Asia and Europe. The concerns that problems in Greece could spread to a much larger economy increased. Even with the ... Read Full Story »