Breaking News
Greece to leave Euro? You bet
…of at least one country leaving the Euro zone by the end of 2014. While that’s a big jump from the 38 per cent chance they forecast when that wager opened in April, 2010, it’s still lower than the 75 per cent peak reached in September, 2011. That 75 per cent…
European shares fall 1.9 pct, Euro near lowest level in 4 months
…on Monday, sending the single currency and European shares down to near four-month lows. China’s decision to loosen monetary policy at the weekend also added to fears that the global economy is suffering as the crisis worsens, sending oil, copper and gold…
MEIR ON METALS: Markets sell off sharply as Greek elections cast long shadow over euro
…of China that the country’s central bank lowered reserve requirements by 0.5%, its third cut in the last seven months. The government also said it will cut taxes for small firms in order to help them cope with a credit squeeze and weaker exports. Neither item…
Euro Zone Worries Seen Weighing on China Stocks
…busier turnover, as slowdown concerns and European uncertainties outweighed upside from the weekend cut in China’s required bank reserves. Property stocks outperformed, while banks lost ground. China’s Ministry of Finance announces the local government bond…
Retail Sales, FOMC, Euro Zone GDP: This Week’s Economic Events
…foreign ministers meet in Brussels. E17 – Euro group meeting. E17 – April industrial production.
Book Review: The Power Of Gold
…course, recounts highlights from the history of gold, including how Sir Isaac Newton became Master of the Mint , how Napoleon conducted probably the only major war in history without currency depreciation in one form or another, and how poor Johann Sutter…
US stocks drop sharply on worries over Europe
…could miss a debt payment and drop out of the euro currency. The worry is that if Greece leaves the currency union, bond traders may turn on other troubled countries in Europe and demand steeper borrowing rates on the government bond market. In other trading,…
Colombia Crest Gold Discovers Additional Anomalous Gold Zones at the Arabia Area, Colombia
…as part of the Company’s ongoing porphyry gold exploration program, which is focused on the prolific Middle Cauca Belt, Colombia. A total of 20 prospective target areas were identified by Colombia Crest in the Fredonia and Venecia projects. These target areas…
Secondary Sources: Euro Crisis, Long-Term Unemployment, Greek Exit
…alternative, it is said, but to abandon the euro unilaterally. I wrote the book on Europe and the gold standard. Literally. In Golden Fetters: The Gold Standard and the Great Depression, published in 1992, I argued that the deflationary engine that was the…
Cabia Goldhills Inc. Announces Progress in Negotiation to Acquire Artisanal High Grade Mines Adjacent to Its Mejia Gold Project in Colombia
…risks associated with the mining exploration, commodity prices and exchange rate changes. Industry related risks could include, but are not limited to: operational risks in exploration, development and production; delays or changes in plans; competition for…
Greece plan a ‘threat to euro’
…shared among all EU members — not just the eurozone — on the grounds Greece has a right to Brussels crisis money, like any other member state with its own currency. The scheme aims to contain fallout from a Greek exit and ‘‘limit the losses of the European…
Protests outside nationalized Spanish bank as Euro zone worries grow
Pedro Armestre / AFP – Getty Images A woman holds a card reading “This bank cheats, defrauds, throws people out of their houses” during a protest held outside Caja Madrid bank’s headquarters in Madrid on May 14, 2012. Alberto Di Lolli / AP Riot police st
Oil falls below $95 amid China growth concerns
Scattered thunderstorms will develop across the Upstate today and they could be capable of…- 7:15 am A Georgia man who drowned in Lake Hartwell over the weekend succumbed to the water for reasons no…- 12:38 am Lou Greer has followed lacrosse’s growth
Canada missing the boat on trade with the BRICs
…done with some precision. Simply chasing the BRICs would have been fine a decade ago. Doing so now could mean missing that next big opportunity. At the core of Mr
Walker’s World: Europe’s voters revolt
The anti-austerity revolt of European voters continued when electors in a key German province gave Chancellor Angela Merkel’s Christian Democrats their lowest vote since 1948. MUNICH, Germany, May 14 (UPI) — The anti-austerity revolt of European voters
Asia is safe from Europe’s woes, says Fitch
…Colquhoun said Asia’s limited exposure to European banks would buffer it against financial disruption in the debt-stricken continent. “Asian economies are more dependent on foreign households and consumers buying Asia’s exports than they are dependent on foreign…
Jewellers needed to ease gold bugs’ pain
…in Greece and fresh pressure on Spanish banks have pushed euro zone policymakers back into crisis mode. In recent years that sort of pressure has been positive for gold, but this time there is little evidence that it’s led to an uptick of fear-driven buying….
Greek Bank Shares Fall On Euro Exit Fears
…draconian austerity measures imposed by ECB [European Central Bank] officials… The eurozone crisis is causing turmoil on the world’s stock markets “A potential return for the Drachma, but a catastrophe for the rest of Europe.” The issue will be high on the…
UPDATE 1-Euro zone political fears weigh at Italy debt sale
…hit in March, after nearly a trillion euros of cheap European Central Bank three-year loans to banks helped spur a rally in Spanish and Italian bonds. Nervous investors sold riskier assets on Monday, pushing up borrowing costs at the Spanish bill auction and…
Greece hits political stalemate, euro exit fears grow
…the precondition for Greece staying in the eurozone is for it to fulfil the engagements that it has made to the IMF, to the European Central Bank and to the commission.” In a sign of the shifting European mood on Greece and a growing sense that its exit from…
