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Blame the Euro, not CyprusCo-CEO and co-founder of Saxo Bank, Lars Seier Christensen believes that the real problem is not Cyprus, it is the Euro, as he has written in his latest blog post. After a few disturbing weeks, I would like to wrap up my comments More… |
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Global shares surge before US budget talksWorld shares and the euro edged higher on Friday as US lawmakers prepared to resume negotiations on avoiding a fiscal crisis, while the yen hit a two-year low on the prospect of drastic monetary easing in Japan. US President Barac More… |
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Moving to a multi-polar economyThe international monetary system needs serious re-thinking. On paper, it has to guarantee – with its institutions, policies and conventions – the orderly functioning of transnational financial flows and exchange rate regimes. More… |
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DGCX nets record monthly volumes in SeptDubai Gold and Commodities Exchange (DGCX) registered its highest ever monthly volumes in September, reaching 971,675 contracts, a 100 per cent increase from the same month last year. The exchange’s total monthly volume was More… |
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As worst euro fears fade, US logjam loomsThe euro zone has stepped back from the brink of disaster for now, but the global economy could soon be staring into another abyss if US politicians fail to head off $600 billion in automatic austerity that all but guarantees a More… |
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Hopes fade as Euro zone joblessness hits recordJoblessness in the euro zone hit on Tuesday its highest level since the single currency was born, a further sign of economic desperation as hopes erode that the bloc will be saved by its central bank this week. &nb More… |
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Shares, euro slump on growth worriesAsian shares slumped on Monday after sluggish US jobs data deepened worries about slowing global economic growth, and reinforced risk aversion ahead of China inflation figures and a meeting aimed at defining steps to shore up Europe's banks. More… |
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Samsung's Galaxy powers record $5.9bn profitSoar away sales of the Galaxy smartphone drove record quarterly profit of $5.9 billion at Samsung Electronics, marking a 14.5 per cent increase over the previous record quarterly profit in January-March. The South Korean tech giant estimat More… |
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Euro, shares jump on Greek reliefInvestors breathed a sigh of relief on Monday after Greece's election eased fears that Europe's currency bloc would break up, boosting shares and sending the euro to a one-month high. Greek voters gave a slim majority to parties su More… |
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Greek poll begins; fate of euro in balanceVoting opened on Sunday in a Greek election that could decide whether the heavily indebted country remains in the euro zone or heads for the exit, potentially unleashing shocks that could break up the single currency. In an election fought More… |
