Davos leaders fear 'Brexit' may be deathknell for EU
European politicans plead with Britons to vote "yes" and keep the union intact
View ArticleDavos leaders fear 'Brexit' may be deathknell for EU
European politicans plead with Britons to vote "yes" and keep the union intact
View ArticleNo end to oil rout as Saudi Arabia plays tough
Kingdom's oil chief says Saudis can withstand the price collapse, vowing to keep production at record levels
View ArticleMario Draghi denies that ECB bazooka is empty amid fears QE is turning toxic
'The side effects of the QE medicine are getting stronger: the curative effects are getting weaker', warns UBS chief Axel Weber
View ArticleChina's banking stress looms like Banquo's Ghost in Davos
China is trapped. The more it burns through foreign reserves to defend the currency, the more it tightens domestic credit
View ArticleSaudis 'will not destroy the US shale industry'
Energy guru Daniel Yergin says rich investors have $60bn war chest to buy up distressed fracking assets after Opec war of attrition
View ArticleOpec pleads for Russian alliance to smash oil speculators
Ambrose Evans-Pritchard and Mehreen Khan: "Tough times requires tough choices. It is crucial that all major producers sit down and come up with a solution," said Opec chief al-Badri
View ArticleHysteria over China has become ridiculous
China is recovering but the world is not yet out of the woods. Capital outflows are dangerous wild card in China's currency drama
View ArticleWorld index of economic freedom tells us that EU should be broken up
The startling finding of the Heritage Foundation index for 2016 is how chronically 'unfree' the European Union still is
View ArticleTime running out for China on capital flight, warns bank chief
'The Chinese have not been very convincing. There is a perception that the renminbi could weaken drastically,' warns the Institute of International Finance
View ArticleCrippled EU is no longer the 'anarcho-imperial monster' we once feared
The European Project flamed out as a motivating force in history long ago and is descending into existential crisis. All illusions that the EU can run as a centralised political union have died
View ArticleDollar tumbles as Fed rescues China in the nick of time
The central banks of Europe and Japan discover that it is impossible to stave off deflation by debasing their currencies when everybody is playing the same game
View ArticleOil market spiral threatens to prick global debt bubble, warns BIS
An 'illusion of sustainability' has blinded borrowers and debtors, lulling them into a false of security. The BIS says liquidity is now drying up
View ArticleGoldman Sachs sees near-zero risk of UK recession despite market tantrum
Tell-tale signs of late-cycle excess have yet to emerge in the US or Europe. There is plenty of economic slack and credit growth is muted
View ArticleEurope's 'doom-loop' returns as credit markets seize up
'We all know that QE2 is not really going to work but the market says "I'm a smoker, I know it kills me, but so long as I can get cigarettes, I'm happy"'
View ArticleThis is a global stock market rout worth celebrating
Cheap oil is a tax cut for consumers, a healthy haircut for sovereign wealth funds, and a shot in the arm for the world economy
View ArticleBank of Japan loses control as QE hits the limits
'This could go down in the history books as the death of Abenomics'
View ArticleGerman 'bail-in' plan for government bonds risks blowing up the euro
'If I were a politician in Italy, I'd want my own currency as fast as possible: that is the only way to avoid going bankrupt,' said German 'Wise Man'
View ArticleNegative interest rates are a calamitous misadventure
When the debt-laden world faces the next global downturn, it will need the full power of helicopter money, not interest rate gimmicks
View ArticleOpec has failed to stop US shale revolution admits energy watchdog
'This cycle is very nasty. It sets the seed for a very high price in the future,' said Opec's secretary-general
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