The Swiss franc just won’t quit.
Is it fair to say there is a leadership vacuum in the auto industry?
ExxonMobil is making a big move into the Russian Arctic. The U.S. oil company entered into a partnership with Russian oil giant Rosneft Tuesday, giving Exxon access to vast Arctic oil deposits and Rosneft a leg up in cutting-edge oil technology.
The news keeps getting worse for Sino-Forest’s shareholders.
Amid worries that the latest bailout for Greece could unravel, Eurogroup President Jean-Claude Juncker said Monday that Finland’s call for collateral will not stop the rescue effort.
The cars General Motors sells in the U.S. are increasingly influenced by customers 7,100 miles away: the residents of the People’s Republic of China.
If a lasting peace manages to take hold in Libya, in just a few years the country’s pre-war production of 1.6 million barrels a day of highly prized light oil could be flowing into the market.
Gold prices dropped sharply Wednesday after a surprisingly strong report on new orders for durable goods dashed hopes of more easing from the Federal Reserve.
The Japanese government announced a plan aimed at weakening its currency, without directly intervening.
Oil prices jumped 2% Tuesday as investors put Libya’s turmoil on the back burner and focused on the stock market rally.
If Libyan rebels are successful in their bid to oust the country’s longtime dictator, Moammar Gadhafi, analysts say Libya’s prized „light oil” should begin trickling back on the market within a few months.
Swiss bank UBS said Tuesday that it is reducing its staff by 3,500 jobs, including some reductions in the United States, through a mixture of layoffs and „natural attrition.”
China’s manufacturing sector improved in August, but growth remains sluggish, according to a bank report issued Tuesday.
Germany has a choice: Abandon the eurozone and face stalled growth, or prop up its ailing eurozone partners. Neither is good for Germany.
Gold prices have been on a tear lately, topping a fresh record high above $1,900 an ounce late Monday– just two weeks after rising above $1,800.
Oil stocks were front and center Monday, after news that Moammar Gadhafi’s regime in Libya was on the brink of toppling.
The sovereign debt problems in Europe have roiled financial markets around the world.
Oil prices were mixed Monday as Moammar Gadhafi’s regime appeared to be closer to tottering on the brink of defeat.
These U.S. companies are creating thousands of new jobs in China, as they spread their products to the country’s growing middle class.
European leaders are under intense pressure to come up with a long-term solution to the debt problems straining the European Union to its breaking point.
World stock markets fell Friday following a bruising selloff in global markets during the previous session. Asian stocks ended broadly lower, European stocks opened in the red and U.S. futures pointed to a down start.
The bailout agreement reached this summer to stop Europe’s downward spiral did not even buy time for its sacrosanct August holidays. Within two weeks of the pact, a reluctant European Central Bank was forced to step into the breach and buy Italian and Spanish bonds to counter the market’s assault. Leaders had agreed that Europe’s bailout fund could buy sovereign bonds in such a situation, but the deal has not yet been ratified by national legislatures, and in any case…
At first glance, Yiannis Boutaris would seem to be an unlikely free-market reformer. The 69-year-old mayor of Thessaloniki, Greece’s second-largest city, has tattoos decorating his forearms and knuckles, short-cropped white hair, and a face creased like worn leather. As we sit and talk in his drab office on a sweltering summer afternoon, he’s chain-smoking unfiltered Camels and wearing jeans, a gold stud earring, and black high-top Keds sneakers with no laces. Boutaris was a businessman before he got into politics,…
A pessimistic report on the global economy from Morgan Stanley — particularly about the United States and Europe — sent the world’s stock markets tumbling Thursday.