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By Kasia Klimasinska and Meera Louis, Bloomberg |
November 13, 2012
The U.S. government’s budget deficit widened in October, the first month of the new fiscal year, as President Barack Obama and Congress seek an agreement to lower future gaps and avoid the so-called fiscal cliff.
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By John Detrixhe, Bloomberg |
October 9, 2012
U.S. debt has shrunk to a six-year low relative to the size of the economy as homeowners, cities and companies cut borrowing, undermining rating companies’ downgrading of the nation’s credit rating.
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By Naoko Fujimura and Mariko Yasu, Bloomberg |
September 10, 2012
Sharp Corp., Japan’s biggest liquid-crystal display maker, put up its Osaka headquarters and some plants as collateral last week to win bank loans after its credit ratings were cut to junk.
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By Abigail Moses and Esteban Duarte, Bloomberg |
July 23, 2012
The prospect of more Spanish regional governments following Valencia in asking for aid sent the cost of insuring the nation’s debt to a record.
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By Ginger Szala |
July 1, 2012
July editor's note from Ginger Szala
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By Ginger Szala |
June 25, 2012
Austerity is a funny thing. Some believe it is the cure for what ails economies in Europe as well as the United States.
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By Phil Flynn |
June 11, 2012
Once again oil is following and the new the economic law of “bailouts are bullish” is inspiring the oil market. While no one believes that this is the end of the problems, it does give oil a reason to bounce.
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By Maria Kolesnikova and Glenys Sim, Bloomberg |
May 31, 2012
Gold is poised for the worst run of monthly losses in more than 11 years in New York as concern that Europe’s fiscal crisis is escalating drove investors to seek the dollar as a haven over the precious metal.
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By Dave Lindorff |
May 16, 2012
Suddenly, it seems quite possible that Greece will exit the euro. What’s a U.S. company with factories, suppliers or major markets in Europe to do?
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By Maria Petrakis and Natalie Weeks, Bloomberg |
May 7, 2012
New Democracy leader Antonis Samaras began trying to put together a government after a Greek election that raised fresh questions about the country’s euro membership and triggered the biggest stock-market rout in four years.
