Forex News
Polish PM plugs battered euro on Ottawa visit
…Prime Minister Stephen Harper. Harper says it’s up to European leaders — not him — to say whether Greece should be kicked out of the eurozone. Canada and Poland agreed to an expanded energy partnership and signed a new tax convention during Tusk’s visit….
Don’t land us with the bill for Europe’s folly
…This is (yet another) critical moment in European politics. The eurozone countries wish to remain part of a currency union that cannot be sustained without severe fiscal contraction, which they don’t want, or fiscal and political union, on which they won’t…
European leaders and financial markets braced for Greece exit from euro
…as meaning it might not always be in the euro. Following suggestions from Jean-Claude Juncker, the Luxembourg prime minister and eurogroup chairman, that Greece’s debt reduction timetable should be relaxed, the Germans made clear that no such loosening could…
Euro falls near 4-month low on Greek fears
…at the core of finding a solution to Europe’s… Leading European Union finance officials have pleaded with Greece not to renege on its bailout terms and to stay the course of its painful austerity program to prevent even worse economic hardship. Leading European…
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…
Disappointing Data Encourages Risk Aversion as Greece Remains in Spotlight
By David Schutz, DailyFX.com Eurozone industrial production weak in April Italian inflation as expected Greek headlines continue to suggest political instability, friction with EU Euro looks to North American open for possible rally A rough session for economic data drew to a close today as weak Eurozone data dented confidence in the single currency. April [...]
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
