Read more: Mish's Global Economic Trend Analysis
- Insight: In attacker's argot, Londoners shocked to hear one of their own
- Obama limits use of U.S. drone strikes, offers steps to close Guantanamo
- One dead, around 10 injured in Guinea opposition protest
- Congo has chance for peace, U.N. ready to enforce: Ban
- British police arrest two more over London attack
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Here's an optimistic headline on the Financial Times that could easily be off by a factor of 10 or more: Spain’s banks need €10bn more provisions.
Spanish banks will need to put aside extra provisions of up to €10bn to cover loans that borrowers will struggle to repay, according to an internal estimate by the Bank of Spain.
According to recent data, Spanish banks rolled over more than €200bn of loans before they expired – often because corporate borrowers would be unable to repay
GOMA, Democratic Republic of Congo (Reuters) - Eastern Congo has the best chance in years to secure a lasting peace but the United Nations stands ready to pacify the region by force if need be, Secretary General Ban Ki-moon said on Thursday.
Read more: Reuters: Top News
LONDON (Reuters) - British police arrested two more people on Thursday in a hunt for accomplices of two British men of Nigerian descent accused of hacking a soldier to death on a London street in revenge for wars in Muslim countries.
Read more: Reuters: Top News
PRISTINA (Reuters) - European Union police said on Thursday they had arrested five people, including a wartime ally of Kosovo's prime minister, and were investigating the ambassador to Albania on suspicion of war crimes during Kosovo's 1998-99 conflict.
Read more: Reuters: Top News
Your lunchtime viewing: Dudley Discusses Taper Decision, Mandates, Yellen
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Christine Lagarde, head of the IMF, is in court today addressing her role in a $366 million payout to Bernard Tapie, a close friend of former president Nicolas Sarkozy who was also Lagarde's boss at the time. Lagarde was Sarkozy's finance minister.
Reuters reports IMF's Lagarde in court for French arbitration case.
IMF chief Christine Lagarde was questioned in court by French magistrates on Thursday over her role in a 285-million-euro ($366 million) arbitration payment made to a supporter of
Read more: Mish's Global Economic Trend Analysis
LONDON (Reuters) - In the lurid scene of the red-handed knifeman describing his motives for hacking to death a British soldier in broad daylight, perhaps the most chilling aspect for Londoners was the man's unmistakably familiar accent.
Read more: Reuters: Top News
MILAN (Reuters) - Former Italian Prime Minister Silvio Berlusconi was involved in a tax fraud scheme while he was head of government, a Milan court said in a document released on Thursday explaining its earlier decision to uphold his four-year conviction.
Read more: Reuters: Top News
CONAKRY (Reuters) - Ten people were injured when security forces and supporters of Guinea President Alpha Conde clashed with protesters marching in the capital against planned legislative elections on Thursday, a hospital source said.
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WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week, pointing to resilience in the labor market despite belt-tightening by Washington.
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GRAPEVINE, Texas (Reuters) - The Boy Scouts of America will vote on Thursday on a proposal to remove its ban on openly gay scouts that has been in place throughout the organization's 103-year history.
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With hedge fund shorts in gold and silver continuing to battle the physical market in London, today James Turk told King World News that the hedge funds will be overrun as the physical market takes down the massively overexposed paper shorts. Turk also spoke about the wild trading which has centered around the London fix.
Curve Watchers Anonymous has been watching a major selloff in Japanese bonds. Here are a couple charts to consider.
10-Year Japanese Government Bond Yield
5-Year Japanese Government Bond Yield
Since March 4, the 5-year yield has gone from 0.1% to 0.43%. Although a mere .33 percentage points, the move represents a 330% percent rise in in yield.
One Month Changes
Charts courtesy of Bloomberg
Note: Those charts were snapshots taken last evening. This morning, yields have settled down,
Read more: Mish's Global Economic Trend Analysis
Renaissance Macro Research, May 14, 2013 Jeff deGraaf, technician extraordinaire (formerly of Lehman now at Renaissance Macro Research) makes an interesting observation about the heavily overbought markets. Last week, the S&P500 had ~93% of all stocks trading over their 200 day moving average. Normally, this degree of overbought should lead to a correction. As...Read More
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LONDON (Reuters) - Two British men of Nigerian descent accused of hacking a soldier to death on a London street in revenge for wars in Muslim countries were known to security services, a source close to the investigation said Thursday.
Read more: Reuters: Top News
GOMA, Democratic Republic of Congo (Reuters) - Troubled eastern Congo has the best chance in years to secure a lasting peace but the United Nations stands ready to pacify the region by force if need be, U.N. Secretary General Ban Ki-moon said on Thursday.
Read more: Reuters: Top News
The Wall Street Journal is reporting that Japan-based SoftBank will allow the U.S. government to pick a member of Sprint's board if the deal goes through.
After an electrifying run over the past several weeks, stock markets around the world are down this morning -- Japan's in particular.
And for pro athletes, sometimes the biggest challenge is financial success and the family pressure that comes with it.
Read more: Latest Stories on Marketplace.org
NEW YORK (Reuters) - Manufacturing slowed for a second straight month in May as weak overseas demand and government belt-tightening at home led to the sector's most sluggish rate of growth since October, a survey showed on Thursday.
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PARIS (Reuters) - France said on Thursday it hoped an initiative could be agreed by the end of June to put the armed wing of Hezbollah on the EU's list of terrorist organizations on grounds the group is importing Syria's war into Lebanon.
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