Russian economy grew by 3.4 percent in 2012
The Growth of Russian economy last year was lower than analysts estimated, as this was the weakest expansion …
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U.S. economy unexpectedly contracted in Q4 of 2012
U.S. economy contracted by 0.1% in the fourth quarter of last year, despite forecast of the most pessimistic …
Moody’s warns on growth of European banks’ bad loans
Banks in the UK, Spain, Ireland and Italy must set aside more money to cover potential bad loans, …
World Economic Forum meeting started today in Davos
Over 2,500 political leaders and personalities from the finance and business world came to Davos for the annual …
Dr. Doom’s forecast for eurozone, foiled by Merkel and Draghi
Headed by Nouriel Roubini, nicknamed Dr. Doom, economists and investors who last year proclaimed the imminent exit of …
Morgan Stanley had last year a profit of $48 million
Morgan Stanley made last year a profit from operations of $48 million, down from strong gains of $4.2 …
Major flaws in the organization that sets Euribor
The Euribor-EBF Association, made up of banks that help establish Euribor bank indicator should be reformed within six …
Warnings from World Economic Forum for 2013
The world seems more vulnerable due to risks related to the financial crisis and natural disasters, today warned …
U.S. bond bubble might burst this year
After three decades of declining, the interest rates in the U.S. are near zero, and some experts on …
Wealth of the richest people increased by $241 billion in 2012
The wealth of the richest 100 people in the world increased by $241 billion last year, reaching $1,900 …