Public spending cuts forced by Congress would be a serious brake on U.S. economic growth, hitting jobs and demand, billionaire investor George Soros said on Wednesday.
China is ramping up its military spending at a time its financial firepower is increasingly in focus after it unseated Japan as the second biggest economy in the world.
Billionaire hedge fund manager John Paulson has won a securities license in Hong Kong, joining the likes of GLG and Soros Fund Management making a beeline for the high potential Asian alternative investment management industry.
China wants to import more to solve its trade imbalances instead of parking windfall revenues in U.S. and euro zone government bonds, the chairman of China's largest lender said on Thursday.
Billionaire investor George Soros said on Wednesday European governments will have to cut services to bring down deficits, but the crisis has calmed.
The gathering of business elites at Davos may witness the greatest concentration wealth in any one locale in history.
As Chinese President Hu Jintao meets U.S. President Barack Obama during his visit to the U.S., a key question is if he will take up Obama's offer to play a more active role on the world stage.
IBTimes compiles a list of the greatest trades of all time with accompying information that explains the rankings.
Back in November 2009, China declined an offer from the U.S. to form a partnership to run the world.
The U.S. and China are not getting along economically. If they don't find a way to work with each other and continue their economic bickering, both will increase military spending to the detriment of their respective economies.
China will buy 4 to 5 billion euros of Portuguese debt in first quarter 2011 and save Europe once again in the process.
The stock market rallied modestly on U.S. mergers and acquisitions (M&A) activities and China’s continued support for European Union’s (EU) sovereign debt market.
Billionaire investor George Soros is not happy with the way European officials are currently dealing with their peripheral debt crisis and thinks their policies will only further weaken these countries.
Flybe Group plc, Britain’s largest domestic airline and Europe’s largest regional carrier which just went public, has a famous investor – billionaire hedge-fund manager/financier George Soros has invested 7.2-million pounds sterling into the company
Many experts in the private sector favor expanding the size of the 750-billion euro European Financial Stability Facility (EFSF), which was created to bail out European countries under sovereign debt pressures.
Germany should raise wages in order to provide demand for struggling peripheral European economies. It should do so not only to show responsible European statesmanship, but also out of its own self-interest.
Gold extended gains and rose to its strongest in a week on Wednesday as investors shifted out of equities after poor U.S. data sparked concerns about the health of the global economy.
An obscure corner of the stock market is giving strong warning signs even as the broader equity and corporate bond markets rally.
Billionaire investor George Soros on Friday said the just-passed U.S. financial overhaul bill will impose new regulations on the banking system before the banks have recovered sufficiently to cope with new restrictions on their activities.
Billionaire investor George Soros on Friday said the just-passed U.S. financial reform bill will impose new regulations on the banking system before the banks have recovered sufficiently to cope with new restrictions on their activities.
Budget austerity plans will not drag the euro zone economy into stagnation, European Central Bank President Jean-Claude Trichet was quoted on Thursday as saying.
The euro is a flawed construct and Germany's budget savings policy is making it harder for other countries in the currency bloc to regain competitiveness, billionaire investor George Soros said on Wednesday.
