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End of a nuclear era in Japan helps push oil prices higher
Drivers around the world may confront higher prices at the pump for an unexpected reason - rising demand for oil in Japan spurred by the closure of most of the country's nuclear
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End of the euro as we know it
An 11-year-old boy went viral this week - not an unusual occurrence in itself, but perhaps somewhat more unexpected because his entry into the halls of internet celebrity came in the form of an
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For the biggest players, the recession is more than over
News about the end of the recession can seem peculiar or unfamiliar to many workers or to investors who haven't allocated their funds into the right sectors. Though unemployment is on the
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Eurozone risk grows as Spanish yields top 6 percent
Lending money to the eurozone's fourth-largest economy just got a bit riskier - and a bit more profitable. News sources reported today that the yield on Spanish sovereign
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Argentina sparks trade war by nationalizing YPF
The Argentine government led by Cristina Fernández sparked a fierce controversy and a potential trade war this week by re-nationalizing the country's largest oil
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Haunted Europe - the specters of crisis
Until this weekend, investors and policymakers generally regarded the Dutch government as a basically uninteresting sideshow to the critical issues facing the European Union. Yet a sudden
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Anti-Iran Sanctions Prompt Oil Jousting
Iran's oil customers have begun significant jousting and re-positioning to avoid trouble caused by the U.S. sanctions levied against the Middle Eastern nation. Iran's commerce partners are
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Will we see a new wave of shareholder activism?
Earlier this month, Citgroup ( C ) shareholders voted to reject a $15 million pay package for chief executive officer Vikram Pandit, with 55 percent of the votes against the
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Australian dollar slides in response to RBA rate cut
The Australian dollar lost ground in trading today, falling about 1 percent against the U.S. dollar, the Japanese yen, the British pound and the euro. The main driver for the decline came
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Cyberwarfare threat against energy infrastructure remains poorly understood
The Stuxnet virus - most likely created and deployed by U.S. intelligence services - represented a new phase of warfare, in which malicious code could physically and dramatically affect and
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What JPMorgan's $2 billion loss means for the bank and the industry
Last week, JPMorgan Chase ( JPM ) announced in its quarterly report that its London trading desk lost $2 billion in a risky series of financial transactions that hedged the bank against
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Brazilian real slips below key mark against dollar
The Brazilian real slipped to R$2.00 versus the U.S. dollar in Monday trading , a key benchmark which suggests that finance minister Guido Mantega has made progress in battling the Latin
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Barclays Bank set to sell entire $6.1 billion BlackRock stake
Barclays Bank ( BCS ) - the second largest bank in the United Kingdom by assets - announced Monday that it will dispose of its entire ownership in BlackRock ( BLK ), the
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JPMorgan losses grow as speculation intensifies
According to analysts at Morgan Stanley ( MS ), the losses sustained by JPMorgan Chase's ( JPM ) chief investment office in London will reach $5 billion rather than the $3
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Gaming industry heavyweights facing uncertain futures
The videogame industry, upended by a surge in the popularity of 'casual' mobile and social gaming apps, faces some dramatic years of rethinking and evolution. At the beginning of the current
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