- The Euro gave back the overnight advance to 1.2626 as Moody's Investor Services cut the EU's Aaa credit-rating to 'negative' from 'stable,' while German Finance Minister Wolfgang Schaeuble argued that Greece must fulfill 'its obligations completely' as the region looks for an extension to meet its budget target. Meanwhile, European Central Bank President Mario Draghi warned of the ongoing rift within the EU as the bond purchase program comes under increased scrutiny, but ...
Lufthansa Cabin Crew Strike: 208 Flights Cancelled; Europe, Intercontinental Flights Grounded (PHOTOS)The cabin crew of Lufthansa (LHA) airlines is staging a strike at three German airports Tuesday in their second walkout in a 13-month wage dispute that has resulted in the cancellation of 208 flights in Frankfurt.
- Even though the Fed's Ben Bernanke made an impassioned plea that QE has benefitted the US economy at Jackson Hole on Friday and it would still be his preferred option to try and boost the economy further, risk assets have come off their Bernanke-induced sugar high and EURUSD is back below 1.26 after reaching a high of 1.2640 on Friday. The limited response to Bernanke could be due to 1, the fact he never mentioned when there could be more QE. If we get a strong payrolls number on Friday does ...
Miss World 2012: How Miss China, Host City Ordos Court Controversy With Fame; Top 4 Miss World ControversiesEver since Miss China Wenxia Yu was crowned Miss World Aug.18, she has come under flak for jury favoritism. Even the host city Ordos is not spared as reports of economic woes and subtle attempts to refurbish its image surface amid its ongoing attempts to win international recognition.
- Nils Pickert is a German dad that wears skirts for his son's comfort. The boy likes to wear dresses and skirts at home but was afraid of being bullied if wearing them to school.
- Samsung Electronics (Seoul: 005930) may have lost a $1.05 billion judgment to Apple (Nasdaq: AAPL), the world's most valuable technology company, but it’s won a temporary reprieve from the judge on product bans and other retaliatory measures.
- Chelsea look intent on signing a forward before the close of the transfer window.
- Critics complain that Shah is simply exploiting the name of Hitler because he remains a popular figure among many Indians.
- A surge in orders for weapons, most of which from developing nations, has turned into a boon for U.S. companies -- and they have the Saudis to thank more than anybody else.
- The Euro slipped to an overnight low of 1.2531 as policy makers in Germany warned that the European Central Bank may become a systemic risk to the financial system, and the ECB may come under increased scrutiny as it looks to expand its balance sheet further. In response, Italian Prime Minister Mario Monti argued that blocking the ECB's asset purchase program may 'backfire' amid the heightening threat for contagion, while central bank President Mario Draghi pledged to 'act within the...
- Hurricane Isaac makes a second landfall at Port Fourchon, LA.; it is becoming clearer that the threat at from this slow moving storm may not come from the winds but the possible flooding. While oil prices have fallen on the expectation that demand for oil will be impacted by this storm in the aftermath of the storm the demand for higher quality crude could drive WTI higher when the damage becomes clearer. With flood defenses already being breeched in southeast Louisiana the impact of this storm ...
- Seven key events in the next fortnight that will determine whether the now-four-year-old euro zone crisis results in Greece and perhaps also Spain leaving and even whether the monetary union will survive. Here is a list of the seven critical dates with their corresponding events.
- A prominent pediatric organization points to circumcision's health benefits, but stops short of decreeing that all male infants should go under the knife.
- Novak Djokovic is the man to beat at the 2012 U.S. Open, said Roger Federer.
- International weapons sales by the U.S. tripled last year to reach a record high of $66.3 billion, of which $33.4 billion was pumped in by $33.4 billion sales agreement to Saudi Arabia, according to a new congressional report.
- The numerous, risqué sex scenes in Lars Von Trier's upcoming "Nymphomaniac" will feature body doubles.
- History May View ECB's Draghi As "Currency Forger of Europe"