Moody’s downgrades European countries

Moody’s cut the credit ratings of six European countries on Monday amid continued anxiety over the continent’s debt crisis and its sluggish economy.
Italy, Malta, […]

U.K. Inflation Probably Slowed to 14-Month Low in January, Economists Say - Bloomberg

U.K. inflation probably slowed in January to its weakest pace in more than a year as the impact of a sales-tax increase a year earlier […]

Spain unemployment hitting nearly 1 of 4 workers

Spain’s brutal unemployment rate soared to nearly 23 percent Friday and closed in on 50 percent for those under age 25, leaving more than 5 […]

United Continental posts $138M 4Q loss

The parent company of United and Continental airlines says it lost $138 million in the fourth quarter because of the costs of integrating the two […]

Last year’s gains on bonds aren’t likely to repeat

If you made life simple on yourself and bought U.S. Treasury bonds early last year, you may be patting yourself on the back now.
Treasurys that […]

Roubini Sees

China

Real Yields Turn Positive for First Time in Almost Two Years: India Credit - Bloomberg

India

Norwegian UN worker kidnapped in Yemen

SANAA, Yemen _ A Norwegian man who was working for the United Nations was kidnapped by armed tribesmen in Yemen’s capital Sanaa on Sunday, officials […]

New loonies, toonies to be made from steel

OTTAWA

Spain easily raises $12.7 billion in debt auction

Spain successfully raised nearly euro10 billion ($12.7 billion) in debt auctions Thursday in a sign of investor confidence in the new conservative government’s attempts to […]