In April 2013, Greece’s jobless rate reached a new high of 26.9%.
Ever wonder if it matters which day of the week you choose to trade on?
U.S. banks have come out in support of their European peers that are fighting the Federal Reserve’s decision to impose tighter capital requirements on their U.S. operations. Top bankers from Europe, the U.S. and Japan are rallying to oppose the Fed’s proposal that deviates from common international bank rules, reports FT.com. The U.S. central bank […]
The Eurozone’s ban last year on credit default swaps has drawn the criticism of the International Monetary Fund, reports the Financial Times.
The Financial Times reports that for the second month in a row the International Energy Agency has lowered its oil demand forecast for the Eurozone, citing the Cyprus bailout as a cause of the drop.
Precious metal markets are jolted by Cyprus’ decision to shed its gold holding worth €400m (about $530 million) from its reserves. This is the first time a euro member has decided to sell its excess gold reserves as a result of the ongoing European debt crisis, triggering fears other euro nations may make similar moves, […]
Cyprus may have grabbed headlines, but your clients shouldn’t worry about Europe.
The New York Times reports fresh troubles are brewing in the Eurozone, this time in Portugal.
North American economic data will take center stage this week as March employment numbers will be announced on both sides of the border. Analysts are calling for 190,000 new jobs in the U.S. with the unemployment rate remaining unchanged at 7.7%.
While capital controls imposed by Cyprus will prevent an anticipated exodus of funds from the country, savers with more than €100,000 ($130,000) stand to lose 40% of their deposits. Decrying the move, analysts allege Cyprus is no longer a full member of the common currency club as “a euro in a bank deposit in Cyprus […]