Euro zone leaders told near-bankrupt Greece at an emergency summit on Sunday that it must restore trust by enacting key reforms before they will open talks on a new financial rescue to keep it in the European currency area. Leftist Prime Minister Alexis Tsipras will be required to push legislation through parliament from Monday to convince his 18 partners in the monetary union to release immediate funds to avert a
China’s securities regulator instructed brokerages on Sunday to review trades and enforce rules that require the use of real names and national identification numbers, the latest move by the government aimed at stabilizing stock prices following a devastating market rout the past month. The latest warning by the China Securities Regulatory Commission (CSRC) is meant to clamp down on a trick whereby a single investor controls multiple accounts — often
Global inflation appears tamer than many had thought it would be by now, still held back by a modest outlook for economic growth, meaning central banks look likely to leave rates lower for longer — or even ease policy further. For those watching the world economy, China, not Greece, has for a while remained the number one concern. The panic by the Chinese authorities last week as they went through
On the heels of a wild trading week, today one of the top economists in the world sent King World News an incredibly powerful piece warning that as asset bubbles implode, synthetic economies will enter a monstrous worldwide depression. Below is the fantastic piece from Michael Pento.
Egon von Greyerz (EvG): Founder and Managing Partner of Matterhorn Asset Management AG & GoldSwitzerland – EvG forecasted the current economic problems over 12 years ago. In 2002 (gold $300/ oz.) MAM recommended to its investors to put 50% of their investment assets into physical gold stored outside the banking system…
Egon von Greyerz (EvG): Founder and Managing Partner of Matterhorn Asset Management AG & GoldSwitzerland – EvG forecasted the current economic problems over 12 years ago. In 2002 (gold $300/ oz.) MAM recommended to its investors to put 50% of their investment assets into physical gold stored outside the banking system…
By Brad Poole PHOENIX (Reuters) – Boasting of his rising poll numbers, real estate mogul Donald Trump on Saturday railed against his rivals in the 2016 presidential race and criticized companies such as Macy’s that cut ties with him over his inflammatory comments about Mexican immigrants. “Thousands and thousands of people are cutting up their Macy’s credit card. Since Trump accused Mexico last month of sending rapists and criminals to
Ryan Moore is likely to be out of action for “more than a month” after being injured in a stalls incident at Newmarket on Thursday.
Blackpool’s pre-season friendly with Lancaster City on Saturday was abandoned following a protest by the League One club’s fans.
