As Greece heads to a referendum on Sunday that could decide its future in the euro zone, long queues at cash machines have become the most potent symbol of the cost of the deadlock between the left-wing government and its international lenders.
China is preparing to allow pension funds managed by local governments to invest in the stock market for the first time, potentially channeling hundreds of billions of yuan into the country's sagging equity market.
The U.S. Commodity Futures Trading Commission’s (Commission) Division of Swap Dealer and Intermediary Oversight (Division) today issued an interpretation of Commission Regulation 30.7(c) under the Commodity Exchange Act.
2013 was a year of anticipation and perhaps disappointment. For those hoping the 2012 election would have settled some of the dysfunction in Washington, that did not happen. In fact, we doubled down on fights already settled as if there were no new business. Equity markets impressed, but few saw it as anything other than the hand of the Fed. Mercifully, the Fed signaled the beginning of the end of QE3 by year-end.
With most developed nations opting to debase their currencies, New Zealand is going the other way and preparing to raise interest rates and keep inflation low. As a result, the New Zealand dollar stands out as one of the lone buying opportunities.