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Berlusconi creeps back, Citi cuts 11,000 jobs
This morning, Italy’s government was shaking once again, when the Italian upper house voted on Monti’s economic growth package. But Mario Monti prevailed despite Berlusconi’s People of Freedom party...
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US economy shrinks, RIM revives as BlackBerry
So that was quite the surprise. The US economy shrank 0.1% last quarter, while expectations had averaged on 1% growth. This is the first contraction of the economy in three years. To blame are, in...
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G20 and currencies: off the record, we’re not friends
The G20 are meeting today and the biggest topic on the agenda is currencies. Since the G7 issued a statement saying they would refrain from using currency targets to revive economic growth on Tuesday,...
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Eurozone stuck in recession until 2014 (except for Germany, because they...
It’s a Europe-centric Friday, with breaking news of poor performance all around Europe’s economies – we know, thanks for pointing it out again. The Commission revised its growth expectation for the...
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Budget cuts and peripheral misery
Today at midnight (Saturday morning in the old world), the US is facing the much discussed spending cuts, decreasing government spending by €85bn until the end of the federal budget year in September....
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The next thing – gold price fixing
Things to know today: The new pope is Argentinian (or Argentine if you will) and the first non-European in 1,272 years; the US continues to fail at making the budget happen; Libor, Euribor, now gold...
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Judgment day for J.P. Morgan
There won’t be an email on Monday and Tuesday of next week, 18/19 March 2012. Today, the London Whale Senate hearing starts in DC, led by John McCain and including testimony from former CIO Ina Drew...
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China slows, Greece set to grow again
Over the weekend… Venezuela has elected a new President, after re-elected Hugo Chavez died in early March after long illness. Nicolas Maduro is the man Chavez singled out as a worthy candidate himself,...
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Libor 2.0 and a £10bn UK-US trade agreement
Over the weekend… we saw the first proposal for a Libor reform from Martin Wheatley of the FCA (Financial Conduct Authority and successor of the FSA), who told the FT about the Libor 2.0, which could...
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An attempt at revival
This week… Things in Turkey continued to be messy, as Erdogan’s stern view of protesters continues to spark new anger among the masses and sent the Turkish Lira falling. read Bloomberg On Thursday,...
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