EU parliament votes in favor of central bank oversight
DW – European lawmakers in Strasbourg have voted with a large majority to allow the European Central Bank (ECB) in Frankfurt to become a centralized supervisory authority with oversight over major...
View ArticleGreece’s Unemployment Nightmare Has Gotten Worse
Business Insider – As the rest of the world economy improves, Greece seems to only be getting worse According to the country’s statistics service ELSTAT, Greece’s unemployment rate climbed to 27.9% in...
View ArticleEuropean Central Bank to supervise eurozone banks
PressTV – Members of the European Parliament have overwhelmingly passed a new bill allowing the European Central Bank (ECB) to supervise all the eurozone banks in an attempt to form a single banking...
View ArticleNPR to shed 10% of staff amid budget shortfall
BBC – US broadcast network National Public Radio plans to shed 10% of its staff in an effort to close a $6.1m (£3.8m) budget deficit, a spokeswoman has said. It will offer voluntary redundancies to its...
View ArticleTens of thousands join march for jobs in Poland
Reuters – Tens of thousands of protesters marched through the Polish capital on Saturday in one of the largest demonstrations in years to demand more jobs and higher pay, blaming Prime Minister Donald...
View ArticleSpanish public debt reaches record level
BBC – Spain’s public debt reached a record high in June, the country’s central bank said. The figure has risen to 942.8bn euros (£792.5bn; $1.3 trillion), equal to 92.2% of the country’s entire...
View ArticleUS Dollar slips, bonds & shares rally as Summers steps aside
Reuters – The U.S. dollar slid while bonds and shares rallied in Asia on Monday after Lawrence Summers dropped from the race to be head of the Federal Reserve, while progress on Syria also shored up...
View ArticleTens of thousands protest labor reforms in Poland
DW – At least 100,000 workers marched through Warsaw on Saturday in protest against Prime Minister Tusk’s labor reforms, which have raised the retirement age, placed some private pension funds under...
View ArticleChina eyes private funds to tackle bad-debt buildup, avoid bailout
Reuters – Faced with a chorus of warnings that China risks choking on bad debts, Beijing is pushing banks to raise private capital in an effort to head off the need for a second government bailout in...
View ArticleJapan faces record-long trade deficit, little sign can reverse trend
Reuters – Japan is on course for its longest run of trade deficits, effectively marking the end of the nation’s decades-long reliance on exports from the likes of electronics giant Sony and automaker...
View ArticleBarclays fined £50m for ‘reckless’ behaviour during 2008 fundraisings
Guardian – Barclays revealed on Monday that it is contesting a £50m fine by the City regulator, which claims the bank behaved “recklessly” in the controversial 2008 fundraisings that allowed it to...
View ArticleUS super-rich hit new wealth record five years after financial crisis
Guardian – Five years after the financial crisis, America’s super-rich have recovered all their losses to see their wealth reach an all-time high. According to Forbes magazine the 400 wealthiest...
View ArticleAsian shares slip, dollar steady as Fed policy shift looms
Reuters – Asian shares slipped slightly and the dollar treaded water on Tuesday, as global markets braced for the outcome of the U.S. Federal Reserve’s two-day policy meeting at which it is widely...
View ArticleEurozone inflation worries ease further in August
DW – Despite a loose eurozone monetary policy, fears of the flood of cheap money stoking inflation appear unfounded. Less expensive fuels further slowed the pace of inflation in August to its lowest...
View Article‘SAS assassinated Diana by shining light into her driver’s face’:...
Daily Mail – An SAS soldier claimed Princess Diana was killed after a member of the elite unit shone a light in her driver’s face causing him to crash, it has been claimed. The man, known only as...
View ArticleFed likely to reduce bond buying, pass policy milestone
Reuters – The U.S. Federal Reserve is expected to begin its long retreat from ultra-easy monetary policy on Wednesday by announcing a small reduction in its bond buying, while stressing that interest...
View ArticleZEW indicator surges on best investors’ mood since 2010
DW – German institutional investors are in an upbeat mood about Europe’s biggest economy. Rising confidence is reflected by record-high share prices and the ZEW sentiment indicator’s best showing in...
View ArticleAustralian dollar soars on US Fed stimulus news
The Age – The Australian dollar has soared past 95 US cents, its highest level in three months, surging more than 1.5 US cents after the Federal Reserve surprised financial markets by keeping its...
View ArticleBeanie Babies creator Ty Warner to admit tax evasion
BBC – The billionaire creator of Beanie Babies toys could face up to five years in prison after agreeing to admit a charge of tax evasion. Federal prosecutors said that Ty Warner “went to great...
View ArticleUS Federal Reserve leaves stimulus unchanged
DW – The US Federal Reserve on Wednesday left its $85 billion a month stimulus program in place (63.6 billion euros). The Fed decided against the tapering of asset purchases, citing strains in the...
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