From Politics & Policy 05:52 am
Moving swiftly from the realm of tin foil-hat conspiracy to a bullet point being openly talked about as fait accompli by international financiers, an exit by Greece from the European common currency dominated conversation this week. But what would actually happen once Greece left the euro?.
From Politics & Policy 11:28 am
China's government bet big on shipping in the last decade. For a time, it paid off, even propelling the country to the world's top spot in shipbuilding. Now a major global slowdown is hurting the sector, and shipyards are in line for closure.
From Economy 12:16 pm
European consumers, at least those in the continent's two biggest economies, are confident despite the euro zone's sovereign debt crisis, according to two reports released Friday.
From Politics & Policy 10:35 am
India Government may go slow on boosting diesel prices as the recent steep petrol hike has generated strong opposition from both the public and opposition parties.
From Economy 05:57 am
U.S. mortgages rates have dropped to record lows for four consecutive weeks, but that doesn't mean more homes will be sold. In fact, at least one housing expert argues that extremely low rates are causing banks to be even more stringent with underwriting approvals, turning away more prospective buyers and hurting the national housing market.
From Economy 12:36 pm
The CEO of a New York commercial mortgage company has sold his personal condo at 15 Central Park West, one of the most expensive buildings in the world, for $23.3 million, according to city records filed Friday.
From Politics & Policy 04:37 pm
Investors are increasingly making a "flight to quality" as they pull out of credit-default swaps hedges on Europe's primary index as well as the markets for periphery nations like Spain, a trend which indicates higher expectations that periphery nations are unable to repay their debts and a lack of confidence in the political will of the economic union.
From Gold
Back in late 2010, billionaire hedge fund manager John Paulson told “a standing-room-only crowd at New York’s University Club” that US inflation could hit double-digits in 2012. His forecast on gold and inflation, however, haven’t panned out so far in 2012.
From
Attending international trade shows in 2012 can be a great way to market one’s products and services to an international audience, especially for U.S. and Western businesses.
From Politics & Policy
Many policy mistakes by Western governments come from a misunderstanding of globalization, said Stephen D. King, chief economist of HSBC
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