South Africa: Finance minister in hot water, rand tumbles
The South African Rand has fallen to a three-week low as investors and the international market closely monitor news that the country’s Finance Minister Pravin … source
Venezuela keeps voting stations open amid light turnout
Voting centers across Venezuela’s capital appeared largely empty during Sunday’s presidential election, and authorities kept polling stations open past the official closing time while government officials offered assurances that millions…
U.S. labor market tightening; mid-Atlantic factory activity picks up
WASHINGTON (Reuters) – New applications for U.S. jobless benefits increased more than expected last week, but the number of Americans on unemployment rolls fell to its lowest level since 1973,…
People Are Making Big Money Kicking Detroit Residents Out Of Their Homes (HBO)
In the last 15 years, one in three Detroit properties have been foreclosed on. When most people think of foreclosure, they think of people who can’t afford to pay ……
Asia oil thirst tab $1 trillion a year as crude rises to $80
SINGAPORE/MUMBAI (Reuters) – Oil prices are poised to break through $80 per barrel and Asia’s demand is at a record, pushing the cost of the region’s thirst for crude to…
Turkey’s lira slides after Erdogan says wants greater economic control
ISTANBUL (Reuters) – Turkey’s lira slid to a record low and bond yields briefly touched their highest in at least eight years on Tuesday, after President Tayyip Erdogan said he…
Turkey’s Erdogan plans to take greater control of economy: Bloomberg
ISTANBUL (Reuters) – Turkey’s Tayyip Erdogan said he plans to take greater control of the economy after presidential elections next month and the central bank will have to take note…
Take Five: World markets themes for the week ahead
LONDON (Reuters) – Following are five big themes likely to dominate the thinking of investors and traders in the coming week and the Reuters stories related to them. A police…
Inflation at highest rate since 2014
Canada’s inflation rate is at a nearly 4-year high, with big jumps in gas, phone and internet prices. Christian Lawrence of Rabobank explains. »»» Subscribe to CBC News to watch…
DoubleLine’s Gundlach says U.S. Treasuries ‘not attractive’
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday that U.S. Treasuries were “not attractive” even though the 10-year yield US10YT=RR, a benchmark for…