The current situation in the largest world economy can well be summarized in the way John Mauldin did his latest newsletter. The conclusion is that there are no good options left and whether the path from here is controlled (evolution) or left to...

Today's RBA decision was for another base point (0.25%) raise. The official cash rate in Australia is now 3.5%.RBA lifts cash rate by 25bps to 3.5% - News - Business Spectator

A member of the governing council of the European Central Bank said that it is unlikely that the Euro zone will fall back into recession soon after exiting it. He added that there are elements pointing that the double-dip recession is not likely to...

OneDirect has discontinued their High Interest Saver account. Any remaining funds in the account will be transferred to the linked transactional account.

According to the European Bank for Reconstruction and Development (EBRD), Balkan economies will further shrink in 2009, albeit at a slower pace. A weak recovery is expected only in 2010. However, the full consequences of the crisis are to be felt...