The deal to save Greece from default has come down to a battle of wills between Germany and the International Monetary Fund. It was always likely this would happen, but ... Read Full Story »
International Monetary Fund managing director, Christine Lagarde, has warned that the global economy “could easily slide into a ‘1930s moment’ unless global leaders take the actions that they know must ... Read Full Story »
Google (NASDAQ: GOOG) shares stumbled after it released fourth-quarter earnings. Revenue rose 25%, but net income barely rose to $2.7 billion. The markets were puzzled about why Google now has 32,467 ... Read Full Story »
International Monetary Fund chief Christine Lagarde told the media that the IMF’s planned 2012 global GDP growth forecast of 4% may be to high. The official number will be released next ... Read Full Story »
It is credible to say that many parts of Europe are in the grip of a new recession. It is equally credible to say that the U.S. economy could contract ... Read Full Story »
The grand plan--the grand bargain--to save Europe's financially weakest nations, met with more skepticism as the hours after its create passed. Widely consider too little in terms of money and ... Read Full Story »
Twenty-three of the twenty-seven members of the euro area approve a new treaty to set a group policy to address the financial crisis. The UK, Sweden, Czech Republic, and Hungary ... Read Full Story »
The IMF says it has created a new facility for “responsible” countries to use for short-term capital needs. That probably means Greece will not qualify, but maybe Italy will. Or, ... Read Full Story »
Facebook’s first half revenue doubles from a year ago. (Reuters) Fitch warns about downgrades of China and Japan. (Reuters) Department of Defense officials warn of cuts in the sum the ... Read Full Story »
The economy in the EU region will not get better for years because it can't. Eurostat reports that unemployment in June among people under 25 was 20.3% in the euro-area. ... Read Full Story »
The EU has reached no decision on Greece. The IMF favors private sector involvement (Reuters) Japan warned about the economic results of the rapid rise in the yen (Reuters) The ... Read Full Story »
It would be hard for the news about the financial status of the US to be worse. The debt cap may not be increased by August 2. Rating agencies have ... Read Full Story »
Economists and investors have enough to worry about in Europe. Greece is in a state of collapse. There are concerns that Portugal and Ireland could follow. Add Spain to the ... Read Full Story »
The IMF says it will not support future payments to Greece unless the government shows it has the will to pass more austerity measures. Eurozone finance ministers have already delayed ... Read Full Story »
Sometimes it is almost hard to imagine that a news story did not start in the tabloids. The financial world and the political world have been shocked by news that ... Read Full Story »