Borrowing from Shakespeare to analyze debt is a rare skill, but one that is within the grasp of Jeffery Gundlach, chief executive officer and chief investment officer, Doubleline Funds.
Canada’s not alone in its resistance to commit more money to the International Monetary Fund’s efforts to combat a European debt crisis, says Federal Finance Minister Jim Flaherty. The U.S. and several other countries have also ruled out doling out to the IMF, which succeeded last week in securing an additional US$430 billion to its […]
US regulators want to give foreign banks and overseas subsidiaries of US lenders a break from strict new derivatives rules, which include higher capital requirements, the mandated posting of margins and tighter business conduct standards that’ll take a bite out of bank earnings. The Commodity Futures Trading Commission is looking to grant a temporary exemption […]
Today’s startups are tomorrow’s IPOs—companies that will grow, become established and have an impact on the economy. And a venture capital advisory firm in Italy is urging budding Italian entrepreneurs to support the use of Sardex, a new currency based on bartering, in order to expand its use and help Europeans face their financial challenges.
If Jim Flaherty was put off by the gallery protest during his budget speech last night, he can rest easy knowing that at least he isn’t the finance minister of Spain.
Early results on Friday indicated that Greek finance minister Evangelos Venizelos has been elected the new leader of PASOK, Greece's Socialist party, and will replace George Papandreou.
Fitch Ratings is lowering its outlook for the United Kingdom, indicating a ratings downgrade may be coming.
It might sound like a bit of an understatement, but the International Swaps and Derivatives Association (ISDA), has announced that the government of Greece has experienced “a credit event”.
The co-ordination of global economic policy isn’t often the strong suit of G20 meetings, but finance ministers readily agreed upon one point this weekend: the rest of the world will not help the eurozone until it help itself.
The International Swaps and Derivatives Association has decided the Greek debt restructuring does not constitute a “credit event” and that Greek investors should not receive billions of dollars in credit default insurance.