Pages: 1 2 3 4 5 6 7 8 9 10 11 ... 111 >>

WAL-MART suddenly closes 5 stores, lays off thousands of workers… Same stores that protested for higher pay!

April 18th, 2015
Categories: Economic

Link: http://investmentwatchblog.com/wal-mart-suddenly-closes-5-stores-lays-off-thousands-of-workers-same-stores-that-protested-for-higher-pay/

Wal-Mart suddenly closed five stores in four states on Monday for alleged plumbing problems. The closures could last up to six months and affect roughly 2,200 workers
in Texas, California, Oklahoma, and Florida.

Merkel Says Free Trade Zone Between Germany, Russia Possible

April 18th, 2015
Categories: Economic

Link: http://sputniknews.com/europe/20150418/1021055428.html

The German chancellor said Germany is interested in economic cooperation with Russia, despite the current political differences between the two countries, Political differences should be settled in a diplomatic way.

Russia denies striking gas deal to net Greece €5bn

April 18th, 2015
Categories: Economic

Link: http://www.democraticunderground.com/10141070745

Russia has denied providing up to €5bn to Greece for a planned gas pipeline running through the country in a move that would significantly ease Athens' cash crisis. Der Spiegel quoting a senior Syriza party official, Moscow ready to provide advanced payment to Greece in assent for its "Turkish Stream" project.

Xi Jinping to unveil $46 billion economic corridor during Pakistan visit

April 17th, 2015
Categories: Economic

Link: http://economictimes.indiatimes.com/news/international/world-news/xi-jinping-to-unveil-46-billion-economic-corridor-during-pakistan-visit/articleshow/46959335.cms

Chinese President Xi Jinping will unveil $46 billion China-Pakistan Economic Corridor, the biggest overseas investment, linking Pakistan's strategic Gwadar port on the Arabian Sea with its Xinjiang province through PoK.

Greece Sends Global Markets South

April 17th, 2015
Categories: Economic

Link: https://hendersonlefthook.wordpress.com/2015/04/17/greece-sends-global-markets-south/

Greek finance minister Yanis Varoufakis meeting today with IMF officials in Washington sent global stock and bonds markets tumbling. The IMF is Greece’s key creditor. Poul Thomsen – director of the IMF’s European department in charge of the IMF’s loan programs to Greece and Portugal–admitted that IMF forecasts for growth in Greece were unrealistic.

Investments in Crimean economy over past days exceed those of past ten years — official

April 17th, 2015
Categories: Economic

Link: http://tass.ru/en/economy/790231

Investments in Crimea in the past ten years barely reached $10 million whereas contracts for a sum twice as much have been inked in the past several days, chairman of Crimea’s State Council [legislature] Vladimir Konstantinov.

House Votes To Repeal Tax On Richest 0.2 Percent Of Americans

April 16th, 2015
Categories: Economic

Link: http://www.huffingtonpost.com/2015/04/16/estate-tax-house_n_7079744.html

The House of Representatives voted Thursday to give a tax break worth $269 billion to the richest estates in the country, and add that cost to the federal debt. The measure benefits the top .2 percent of the population because the other 99.8 percent of the country doesn't own enough wealth to ever pay the tax. Only estates worth more than $10.9 million for couples and $5.4 million for individuals fall under the tax.

Ukraine PM: Kiev never again to restore former trade relations with Russia

April 16th, 2015
Categories: Economic

Link: http://tass.ru/en/economy/789910

Ukrainian Prime Minister Arseniy Yatsenyuk: "Objectively, the trade relations that we had with Russia 10 years ago, will never be restored," the premier said at a meeting of the social and economic council for the prospects of Ukraine’s development. "We need new markets," Ukraine should look for ways for entering European markets.

After Destroying His State’s Retirement System, Christie Sets His Sights On Social Security

April 16th, 2015
Categories: Economic

Link: http://thinkprogress.org/economy/2015/04/14/3647048/chris-christie-says-cut-social-security-lol-sure-bro/

Gov. Chris Christie (R-NJ) proposed cutting Social Security benefits in a speech in New Hampshire on Tuesday, proposing a similar approach to national retirement systems as the one currently failing in his home state.

Berlin to Tokyo: Merkel Presses Japan to Join China-Led AIIB

April 16th, 2015
Categories: Economic

Link: http://sputniknews.com/news/20150417/1020997718.html

German Chancellor Angela Merkel urged Japan to join the China-led planned Asian Infrastructure Bank (AIIB) which currently has 57 nations with founding member status, a number of which are key US allies. Obama administration, rallying allies and trade partners to forgo membership.

America, Meet Your Brand New Largest Foreign Creditor

April 16th, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-04-15/america-meet-your-brand-new-largest-foreign-creditor

Japan is once again America's largest foreign creditor with total holdings of $1224.4 billion, surpassing China, with $1223.7 billion, for the first time since just around the time Lehman filed for bankruptcy.

China says 57 countries to be founding members of AIIB

April 15th, 2015
Categories: Economic

Link: http://www.dailymail.co.uk/wires/reuters/article-3039632/China-says-57-countries-founding-members-AIIB.html

"The AIIB has 57 countries as founding members, among those 37 are Asian countries, 20 are countries from outside the region," China's Vice Finance Minister Shi Yaobin

NY Fed's "Plunge Protection Team" Starts Chicago Trading Floor "In Case Of Disaster Or Other Eventuality"

April 15th, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-04-15/ny-feds-plunge-protection-team-starts-chicago-trading-floor-case-disaster-or-other-e

Chicago office was partly protection against a possible cyber attack against the New York Fed. But the main reason for the build-out 700 miles (1,127 kilometers) to the west appeared to be the need to have staff ready at all times in case of disaster.

China Thwarts Taiwan’s Bid to Be Founding Member of AIIB

April 13th, 2015
Categories: Economic

Link: http://www.wsj.com/articles/china-thwarts-taiwans-bid-to-be-founding-member-of-aiib-1428899140

China rejected Taiwan’s bid to become a founding member of the new Chinese-led infrastructure bank for Asia in a difference over the title the island uses, which could portend how Beijing will run the new institution.

Iceland to remove power from banks to steal money

April 13th, 2015
Categories: Economic

Link: http://www.hangthebankers.com/iceland-remove-power-banks-steal-money/

nt is considering a revolutionary monetary proposal – removing the power of commercial banks to create money and handing it to the central bank. The proposal, which would be a turnaround in the history of modern finance, was part of a report written by a lawmaker from the ruling centrist Progress Party, Frosti Sigurjonsson, entitled “A better monetary system for Iceland”.

Georgia, Denmark, Brazil, Netherlands, Finland Join China's AIIB Bank

April 12th, 2015
Categories: Economic

Link: http://sputniknews.com/business/20150412/1020778720.html

China-led Asian Infrastructure Investment Bank (AIIB) have accepted applications of Georgia, Denmark, Brazil, the Netherlands and Finland to join the bank as founding states; Chinese Finance Ministry.

Dropping Like Flies: 46 Ukrainian Banks Go Bankrupt in Course of One Year

April 11th, 2015
Categories: Economic

Link: http://sputniknews.com/europe/20150411/1020763134.html

The Deposit Insurance Fund of Ukraine will not be able to repay people their losses and will have to rely on the external funding from the EU and, in particular, European taxpayers. Forty-six banks went bankrupt in Ukraine in one year; Managing Director of the Ukrainian Deposit Insurance Fund Konstantin Woruschilin .

When You Think The Financial World Can’t Get Any Crazier… This Happens

April 10th, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-04-09/when-you-think-financial-world-can%E2%80%99t-get-any-crazier%E2%80%A6-happens

Switzerland became the first to issue 10-year government bonds with a negative yield. The government of Mexico just sold 100-year bonds denominated in EUROS, a currency that likely won’t even be around in the next decade.

Greece makes €450 million payment to International Monetary Fund

April 10th, 2015
Categories: Economic

Greece transferred €450 million to the International Monetary Fund (IMF) Thursday. As a result, Athens has repaid its second major loan without being able to access new assistance, already paid the IMF €1.5 billion at the end of March. Greek Finance Minister Yanis Varoufakis: “The Greek government always fulfills its obligations to all creditors and intends to continue to do so.

BRICS $100bn reserve currency pool to soothe global shocks – Medvedev

April 9th, 2015
Categories: Economic

The creation of the BRICS reserve currencies pool worth $100 billion will allow member states to depend less on negative processes in the world economy and bypass market volatility; Russian Prime Minister Dmitry Medvedev.

"Do Not Worry! Do Not Panic!" Warns Hong Kong Exchange CEO Ahead Of Today's Market Open

April 9th, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-04-09/do-not-worry-do-not-panic-warns-hong-kong-exchange-ceo-ahead-todays-market-open

Star attraction in the capital "markets" over the past two days has undoubtedly been the Hong Kong stock market, whose Hang Seng index surged as much as 10% over the past two days as a result of Chinese investors swarming into the "untapped" market and blowing yet another asset bubble.

Tsipras-Putin Sign New Trade Deal and Renew Greece-Russia Relations

April 9th, 2015
Categories: Economic

Link: http://www.blacklistednews.com/Tsipras-Putin_Sign_New_Trade_Deal_and_Renew_Greece-Russia_Relations/43318/0/38/38/Y/M.html

Greece and Russia signed a trade deal that will bring Greece 4.2 billion euros and talked about the renewal of the deal for natural gas supply to Greece. Vladimir Putin: Greece is a sovereign state and has the right to seek economic alliances wherever its interests lie and exploit its geopolitical position.

Unraveling at the Seams: EU on Verge of Collapse

April 9th, 2015
Categories: Economic

Link: http://sputniknews.com/politics/20150408/1020616814.html

Eurozone is getting weaker every day, Moscow is building political relationships with Greece, Turkey and Cyprus. Soon, the Russian navy will be allowed to enter the waters near Cyprus. Europe worried about the economy and financial situation.

Greece’s Tsipras manoeuvres with Russia in bid to strike better bargain with Europe

April 9th, 2015
Categories: Economic

Link: http://www.wsws.org/en/articles/2015/04/09/gree-a09.html

The Syriza-led government is establishing closer ties with both Russia and China as a counter to its failure to reach an agreement on imposing austerity to the satisfaction of the European Union (EU), European Central Bank (ECB) and International Monetary Fund (IMF). The moves towards Russia are seen by sections of the Greek bourgeoisie as a bargaining chip in their ongoing negotiations with the European powers over Greece’s austerity proposals and the repayment of its €315 billion total debt.

Athens Could Use Russian-Greek Ventures' Revenue to Pay Off Debt - Putin

April 8th, 2015
Categories: Economic

Link: http://sputniknews.com/business/20150408/1020624048.html

Russian President Vladimir Putin: Greece could use revenues from potential joint projects with Russia to pay off its debt to the international creditors. "If we will implement a large project which would bring substantial profits to Greece, it would mean that these revenues could be used to pay off [Greece's] existing debts."

Russian ruble seen as world’s best performing currency, hits 2015 high

April 8th, 2015
Categories: Economic

Link: http://rt.com/business/247145-ruble-winner-gains-economy/

The Russian ruble has hit 55.3 to the dollar Monday, its highest value this year. The currency has become the best performer during the first three months of the year, after it finished 2014 as one of the biggest losers. Russia’s currency went from the world’s worst performer to the best in the first quarter of 2015, despite all the predictions.

‘Chaos’ If UK Leaves EU? – Blair Warns of BREXIT

April 8th, 2015
Categories: Economic

Link: http://investmentwatchblog.com/chaos-if-uk-leaves-eu%E2%80%8F-blair-warns-of-brexit/

Ex-Prime Minister warns uncertainty would hit UK economy and cause ‘chaos,’‘BREXIT’ would cause the “most intense period of instability” since WW2, Seeks to portray Tory policy as disingenuous and cynically putting economy at risk.

Russia may offer gas price discount, loans to Greece

April 8th, 2015
Categories: Economic

Link: http://www.democraticunderground.com/10141061082

MOSCOW, April 7 (Reuters) - Russia may offer Greece a discount on gas deliveries and new loans when Greek Prime Minister Alexis Tsipras visits Moscow this week, the Kommersant business daily reported on Tuesday. Russian President Vladimir Putin and Tsipras planned to discuss economic ties and EU sanctions on Moscow when they meet for talkson Thursday.

Greece plans return to drachma and nationalization of banks

April 6th, 2015
Categories: Economic

Link: http://mycatbirdseat.com/2015/04/greece-plans-return-to-drachma-and-nationalization-of-banks/

Greece drawing up plans to nationalise country’s banking system and introduce a parallel currency to pay bills unless the eurozone takes steps to defuse the crisis and soften its demands. Greece no longer has enough money to pay the IMF €458m on April 9 and also to cover payments for salaries and social security on April 14.

£622m sales a year but Kellogg's pays next to no tax in Britain: Cereal giant warns shareholders could be hit if Government closes loopholes

April 6th, 2015
Categories: Economic

Link: http://www.dailymail.co.uk/news/article-3026887/622m-sales-year-Kellogg-s-pays-no-tax-Britain-Cereal-giant-warns-shareholders-hit-Government-closes-loopholes.html

Kellogg’s makes hundreds of millions from annual sales to British families, latest figures show it effectively paid no corporation tax in UK in 2013. Uses complex legal tax manoeuvres involving subsidiary companies. Warned shareholders its profits could be hit by government moves to close tax loopholes.

Guaranteed Financial Security Is A Fantasy

April 6th, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-04-06/guaranteed-financial-security-fantasy

Before the advent of high finance, lowering risk could only be achieved by spreading the risk over a large populace. To lower the risk to individuals that their house would burn down in an accidental fire, insurance was sold to 1,000 homes. If one or two of the 1,000 homes burned down each year, the insurance could pay the claims and still build up reserves for future claims. But if a conflagration burns down all 1,000 homes, the insurance is overwhelmed; the guaranteed coverage is rendered worthless.

Ukrainian Economy Suffers 15% Drop in GDP in First 100 Days of 2015

April 5th, 2015
Categories: Economic

The National Bank of Ukraine has projected an economic decline of 15 percent for the first quarter of 2015, Ukrainian media have reported, citing the bank's March report on inflation, projects continuing decline through the first three quarters of the year.

A Global Financial Reset Is Coming: ‘A Deal Is Being Made Between All The Central Banks’

April 5th, 2015
Categories: Economic

Link: http://investmentwatchblog.com/a-global-financial-reset-is-coming-a-deal-is-being-made-between-all-the-central-banks/

Investment funds, governments and central banks have been secretly buying up and storing physical gold in anticipation of an event that will leave the U.S. dollar effectively worthless and governments around the world angling for a new global currency mechanism,

IMF planning to tax every ones savings, retirement to bailout the bankers.

April 4th, 2015
Categories: Economic

Link: http://investmentwatchblog.com/imf-planning-to-tax-every-ones-savings-retirement-to-bailout-the-bankers/

Greece is preparing to leave the Euro zone and will nationalize its banks. Jobs reports shows the economy is no recovery but headed for a major collapse. Full time hard to come by, US is pushing a part-time recovery. Younger people in US cannot find jobs, many retiree’s are not receiving interest on their retirement and they need to get jobs. IMF planning to tax every ones savings, retirement to bailout the bankers. Ukraine introduces martial law bill. Saudi Arabia drops weapons to pro-Hadi forces. US getting involved in Yemen by refueling planes, firing missiles and giving Intel to Saudi Arabia

Russia to be first BRICS country to ratify $100bn currency pool - envoy

April 4th, 2015
Categories: Economic

Link: http://rt.com/business/246517-brics-russia-ndb-pool/

Russia aims to become the first country in the BRICS group of leading emerging economies to ratify an agreement on the foreign currency reserve pool; Russian Foreign Ministry Ambassador-at-Large Vadim Lukov.

BRICS May Create Unbiased Credit Rating Agency

April 4th, 2015
Categories: Economic

Link: http://sputniknews.com/business/20150403/1020420455.html

BRICS countries are discussing the creation of a new independent rating agency to counter the geopolitically-biased economic assessment by Western ratings agencies.

How Many People Will Have to Migrate out of California When All the Water Disappears?

April 4th, 2015
Categories: Economic

Link: http://www.thedailysheeple.com/how-many-people-will-have-to-migrate-out-of-california-when-all-the-water-disappears_042015

Drought in California is getting a lot worse. Snow pack levels in e Sierra Nevada mountains lowest ever recorded. California is turning back into a desert, now has a population of 38 million people. This is not sustainable in the long-term. So when the water runs out, where are they going to go?

Greek finance minister visits US to meet IMF head

April 4th, 2015
Categories: Economic

Link: http://www.democraticunderground.com/10141058954

Greek finance minister Yanis Varoufakis will travel to Washington to meet with International Monetary Fund Managing Director Christine Lagarde and unspecified US Treasury officials, the Greek government has announced.

Greece Drawing Up Contingency Plans To Nationalize Banks, Bring In Parallel Currency: Report

April 3rd, 2015
Categories: Economic

Link: http://www.ibtimes.com/greece-drawing-contingency-plans-nationalize-banks-bring-parallel-currency-report-1868830

Greece's government is drawing up contingency plans to nationalize the country's banks and introduce a parallel currency, as the cash-strapped country teeters on the brink of defaulting on a key international loan. “We will shut down the banks and nationalize them, issue IOUs if we have to, we all know what this means. What we will not do is become a protectorate of the EU.

Et Tu, Brute? Israel Latest US Ally to Join Chinese AIIB

April 2nd, 2015
Categories: Economic

Link: http://sputniknews.com/asia/20150401/1020341659.html

As the United States continues to beg ally after ally to forgo joining the China-led Asian Infrastructure Investment Bank (AIIB), key nations have, nevertheless, ignored that plea. The UK, Turkey, and Australia have already applied, among others. But the latest application might sting the most, as PM Netanyahu tosses Israel’s name into the mix.

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