The market has been referring to the problem nations in Europe all year as the PIIGS. But maybe it should be the piigS.
Amid the latest signs of strife in the eurozone, European bond markets are in a very tumultuous time.
Despite historical reservations toward Western business culture, there has been a surge in applications to U.S. business schools from China. And the invasion has just begun.
How the tiny island country managed to stage a meteoric economic rise only to fall in a similarly spectacular fashion.
Amid concerns about an escalating debt crisis, European finance officials on Sunday announced an 85 billion euro bailout of Ireland and its banks.
Amid concerns about an escalating debt crisis, European finance officials were meeting Sunday to work out details of a bailout for Ireland expected to be worth tens of billions of dollars.
Worries about the health of some European economies, specifically Spain and Portugal, are rearing their ugly head.
International visitors to New York took advantage of both an American phenomenon and the weaker U.S. dollar to bag some holiday season bargains.
Over the next 15 years China is expected to build the equivalent of 10 New York Citys.
The European contagion is back, as virulent as ever, posing a new risk to the health of the global financial system and economic recovery.
Gold and oil prices have been joined at the hip in recent months, but that all changed in the days leading up to Thanksgiving.
Commentary on the state of the U.S. economy has once again turned — sadly — to America’s supposed failings relative to the rest of the world. In a much-cited follow-up to its 2005 report Rising Above the Gathering Storm, for example, an eminent committee of the National Academies reached the unanimous conclusion that when it comes to the principal ingredients of innovation and competitiveness, „our nation’s outlook has worsened.”
The high standard of living most Americans enjoy could be at risk. And the looming danger is caused by two little words — „global imbalances.”
Ireland has formally requested substantial „financial assistance” from the European Union to buttress the government and bolster its struggling banking sector, Prime Minister Brian Cowen said Sunday night.
Irish Finance Minister Brian Lenihan will recommend that the country apply for international funding to stay afloat, he said Sunday, reversing days of Irish insistence that Dublin does not need help.
The People’s Bank of China raised the reserve requirement ratio for its banks by a half-percentage point on Friday in an attempt to control the flow of new money and combat inflation.
It was a shocking twist in Mexico’s four-year war among drug cartels. At around 1 a.m. on a Thursday in late October, gunmen sprayed bullets into three buses carrying temporary workers after their shift at U.S.-based Eagle Ottawa’s plant in Juárez. Four employees of the automotive-upholstery maker were killed and 17 injured, sending chills through the border town. Never before had employees of a U.S. factory been targeted in the drug-related violence that is sweeping the country.
„Made in China, for China” has been the rally cry of Chinese economic policymakers for more than five years running. It’s a popular refrain, both inside the country and out. While American and European policymakers harp on Beijing’s currency policy, they tacitly admit that ramping up domestic consumption is needed just as badly in order to speed the process of rebalancing the global economy.
China moved Wednesday to put price controls in place to deal with rising inflation pressures.
China continues to manipulate its currency and the nation’s „exclusionary” trade policies have contributed to a massive deficit with the United States, a special commission said Wednesday.
Swiss health care company Roche said Wednesday it would cut 4,800 jobs over the next two years as part of its „Operation Excellence Program.”
The influential short-seller is betting that China’s economy is about to implode in a spectacular real estate bust. A lot of people hope he’s very wrong.
Ireland is not asking for a big bailout for its banks, despite fears that its financial sector could collapse under the weight of a massive debt crisis.