Greece bailout talks: No agreement in Brussels
Well, it was “no deal” last night in Brussels after all! Yanis obviously thought he had conceded what his government had allowed him to concede (or did he?), and everyone believed a compromise had been reached – but when he phoned home, the boss told him “óchi!” (That’s “no”, by the way…) He had More...
Federal Reserve tapers by another $10 billion for the second straight month
In Ben Bernanke’s final meeting as chairman of the Federal Reserve Bank as expected he continued “tapering” of the bond buying program which had been implemented to stimulate the US economy. The tapering More...
Emerging Markets: Argentina Gold Going Crazy With a comparison to the Turkish Lira as well
The crisis in the emerging markets started with the Federal Reserve in the US announcing that it would “taper” its bond buying, a process that has been helping the US recovery. The announcement was made More...
Ukrainian Prime Minister Resigns
The Prime Minister of the Ukraine, Mykola Azarov, resigned on Tuesday, 28 January. Some say that this was inevitable, given that a vote of no-confidence which would have taken away his authority was planned in the More...
Apple Share Price: Is the Great Bull Run Over?
Lack of innovation seems to be hitting at Apple’s share price. On Tuesday 28th January the price of Apple shares dropped to $500, and on Wednesday it briefly nudged underneath this milestone level. Apple has long More...
Federal Reserve starts taper – and avoids Wall Street Crash
A week or so ago the US Federal Reserve Chairman Ben Bernanke announced that “tapering” would begin. As this is a situation which has not been seen before, opinions varied on what the impact of it would More...
Bitcoin’s Crash on China
You may remember our discussion of the volatility of Bitcoin just over a month ago, and recent events have shown how true our worries were. In case you have not heard, this week China took some actions which caused More...
Russia bribes Ukraine
Russian president Viktor Yanukovych is giving $15 billion of Russian financial aid and a one-third discount on energy imports to help support Ukraine. In the deal Russia will be cutting the price it charges Ukraine More...
October’s nonfarm payrolls: 204000
The nonfarm payroll is an important statistic for United States. It is usually reported monthly on the first Friday of the month, but because of the government shutdown in October it was reported this time on the More...
The Twitter IPO
At the end of the week when Twitter went public, there was a sigh of relief at Goldman Sachs, the bank that led the IPO. Fittingly, the sigh was expressed in the form of a tweet ‘Phew’ by the lead banker, More...