Greek Austerity: What Does It Mean for Investors?

Given that gold, U.S. bonds and the U.S. dollar remain safe havens during times of uncertainty, they cannot be ignored.

Greece / EU

Violence Grips Greece over Austerity Bill

Greeks swept rocks and broken glass from the streets of Athens on Monday after a night of violence that gave lawmakers a taste of the challenge they face in implementing a deeply unpopular austerity bill demanded by the country's foreign lenders.

Commodities from copper to crude oil, in three years to five years, may plummet anywhere from 50 percent to 70 percent from existing level prices as a domino effect of a China potentially falling into a recession by 2015, a mutual fund CEO said.

Commodities to Hit Wall If China Falls Into Recession

Commodities from copper to crude oil, in three years to five years, may plummet anywhere from 50 per cent to 70 percent from existing level prices as a domino effect of a China potentially falling into a recession by 2015, a mutual fund CEO said.

Men stand outside their house in Makoko fishing community in Lagos

Nigerian poverty rising despite economic growth

Poverty in Nigeria is rising with almost 100 million people living on less than $1 a day, despite strong growth in Africa's second largest economy, data showed on Monday.

Banks

Big Banks Fall Short by £1bn on Lending to Small Firms

UK's five biggest banks miss lending targets for smaller businesses, says Bank of England.

Economy recession

Job Redundancies Set to Rise in U.K.

Although the Confederation of British Industry played down recession threats on Monday, a study by the Chartered Institute of Personnel and Development (CIPD) paints a dismal picture of the job scene.

Economy recession

UK Economy: Will It Suffer a Recession in 2012?

The UK economy is under significant pressure in the shadow of uncertainty cast by the eurozone debt crisis which is resulting in its losing the momentum of recovery.

Kabiru Sokoto, a suspect in a Christmas Day bomb attack of St. Theresa Catholic Church in Madalla near Nigeria's capital, is guarded by a security official inside the state security service office in the capital Abuja February 10, 2012.

Boko Haram Islamist Insurgency Beginning to Take Toll on Nigeria's Economy

An increasingly violent insurgency by Islamist sect Boko Haram in Nigeria's economically stagnant north has begun pressuring the country's finances by forcing extra spending on security. It could be costing as much as 2 percent of the country's gross domestic product.

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