MARKETS / FINANCE

Banking on superhero

Spurned by Saviors, Spanish Bank Turns to ... Spider-Man

Facing what seem to be minute-by-minute rejections of various bailout scenarios, Spanish bank Bankia S.A. -- the country's fourth-largest financial institution, which is currently embroiled in a crisis of insolvency -- is putting its faith in the web-shooting hands of a Marvel Comics superhero, Spider-Man.

Hugo Chavez's Terminal Mystery Cancer And Venezuela's Looming Power Vacuum

Chavez
Venezuelan President Hugo Chavez has been receiving treatment for an undisclosed form of cancer for more than a year now. He has been in power since 1999 and intends to run for re-election in October, but questions remain about whether his health will hold up and who could replace him in the event it does not.
Hollywood star Pitt carries adopted son Maddox as Jolie carries adopted daughter Zahara during their stroll outside their hotel in Mumbai

Adopting From Africa: The Complicated Truth Behind A Celebrity Fad

Several western celebrities have adopted a child from Africa, and a new report from the African Child Policy Forum shows that many other hopeful parents are following suit. But the inter-country adoption process is rife with complications, and the ACPF explains exactly why it is in need of reform
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Euro

Markets Await Greek Elections

The tenuous situation in Greece has become a full-fledged national referendum on whether to stay in the euro zone and accept austerity for debt leniency.
US Treasury Securities held by the FED: All Maturities (TREAST)

Calm Before the Storm

Economic data and news flows are light this morning as market participants take stock of the significant moves across asset classes in the past wee
Mark E. Zuckerberg, CEO of Facebook

Facebook Phone: How Mark Zuckerberg Could Beat iOS, Android With A Truly Social Smartphone

Since Mark Zuckerberg launched Facebook in 2004, the social network has become one of the most important centerpieces in society, especially as it becomes increasingly digital and mobile. Yet, the value of Facebook has not yet translated to revenue dollars. That may change, however, if Facebook decides to build its first-ever piece of hardware: A Facebook smartphone.
Syria

UN Speaks Loudly On Syria, But Doesn't Carry A Big Stick

The atrocities committed in the Syrian village of Houla on Friday -- when dozens of men, women, and children were killed, and hundreds more were wounded -- were condemned in the strongest possible terms by the United Nations Security Council on Sunday.
US Stock Market

US Stocks - Time To 'Sell In May And Go Away'?

You can't blame investors for feeling a bit squeamish regarding deploying new money in the U.S. stock market these days, with the Dow Jones Industrial Average?s (DJIA) recent slide from 13,300 to 12,450 unnerving even the most experienced institutional investors. Where?s the market headed in the next six months?
Photos of yuan and U.S. dollar banknotes are displayed at a money exchange in Hong Kong

Solutions to Managing Foreign Cash Flows

The hard reality is that companies involved in global trade are almost always exposed to exchange rate risk. Using very simple tools, uncertainty can be effectively stripped out of a transaction.
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World Market Overview for May 25

Overnight price action saw European equities begin their session on a positive footing, but have since pared these gains and are now in the red as investor sentiment waffles.
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Euro Zone Outlook Murky

While the European Economic Summit failed to provide any earth-shattering revelations this week, the topic of joint euro area bonds has re-emerged and seems to be garnering support with many political leaders
Luanda Attack

Angola: The Bloody 'Democracy' Of An Oil Republic

As soon as the door opened, 15 men -- armed with pistols, machetes and iron rods -- burst into the house and began beating the young Angolan musicians and activists who were known for protesting against government corruption and the use of violent tactics to suppress political dissent.
Six days after the company's IPO and two months after it acquired photo-sharing app company Instagram for $1 billion, Facebook debuted a photo app of its own on Thursday, called Facebook Camera. While Facebook Camera is the solution for casual Instagram u

Facebook Camera Review: Like Instagram, But More Relevant

Six days after the company's IPO and two months after it acquired photo-sharing app company Instagram for $1 billion, Facebook debuted a photo app of its own on Thursday, called Facebook Camera. Here, we'll break down Facebook Camera, and evaluate whether or not the new app has added value over Instagram.
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Data Disappoints in Europe, US

In economic news, the euro data was overwhelmingly negative, which interestingly enough did not propel the euro lower.

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