Ratings agencies missed the meltdown in the housing market and the rising debt tide that swept over European capitals. We wanted to see if they are awarding Triple-A ratings to ... Read Full Story »
Reuters: Maria Cantwell (D-WA) will support the Senate financial reform bill, giving Democrats a boost. Reuters: Automakers had a setback in June, an indication that the industry is facing slow ... Read Full Story »
Protesters in Thailand, retreating from the army, have set the stock exchange on fire. The euro is about to break below $1.21 after Angela Merkel of Germany set new short ... Read Full Story »
The head of the IMF, Dominique Strauss-Kahn, has encouraged European nations to join forces more closely by aligning their economies more tightly to combat future disasters like the Greek debt crisis. ... Read Full Story »
There are several reports that Evolution Equities and Barclays have estimated the cost of a Greek default to Europe's banks over three years . One of the reports, from the ... Read Full Story »
Jean-Claude Trichet, president of the European Central Bank, an agency with almost no power, said that Greece will not default on its debts. It was as if there is some magic ... Read Full Story »
The euro zone's IMF bailout of Greece has lost its power to attract the world's capital markets to the debt of the southern European country. The markets, as represented by ... Read Full Story »
German Chancellor Angela Merkel and French President Nicolas Sarkozy have finally decided, after bilateral talks, to allow the IMF to join any bailout of Greece. Dow Jones Newswires reports "The ... Read Full Story »