Author Archives: c.carver

Reuters by Deepa Babington and Harry Papachristou February 22, 2012 (Reuters) – Fitch cut Greece’s long-term ratings on Wednesday to its lowest rating above a default, becoming the first ratings agency to make the widely expected downgrade after the country … Continue reading →

Kitco News By Allen Sykora February 22, 2012 (Kitco News) – Positive macroeconomic and Greek debt news reduces investor desire and need to hold cash for emergency liquidity purposes, allowing gold investors to stop unwinding and even build positions, says … Continue reading →

The Street By Ross Tucker February 21, 2012 NEW YORK (TheStreet ) — Gold prices were rising Tuesday after approval of second bailout package for Greece propped up the euro. Gold for April delivery was rising $30.20 at $1,756.10 an … Continue reading →

Bloomberg By Simon Kennedy and James G. Neuger February 21, 2012 Europe is still struggling to avoid the threat of default as investors warned Greece will soon risk violating the terms of its second bailout in three years. Seven months … Continue reading →

Fox Business By Reuters February 17, 2012 U.S. consumer prices rose the most in four months in January as the price of gasoline jumped, highlighting a growing concern that higher energy costs could slow the economic recovery. In a report … Continue reading →

Yahoo! Finance By Jill Schlesinger | CBS MoneyWatch February 16, 2012 As President Obama unveiled the 2013 fiscal year budget, the nation’s financial situation came back into sharp focus. Experts say partisan gridlock in Washington means the budget will probably go nowhere. … Continue reading →

Bloomberg Businessweek By Eleni Chrepa February 16, 2012 (Bloomberg) — Greek President Karolos Papoulias slammed Germany’s finance minister for recent comments about his country as stalled bailout talks stoked tensions between Greece and the northern European countries funding its rescue. … Continue reading →

Reuters By Glenn Somerville February 16, 2012 (Reuters) – Europe has the resources to deal with its debt crisis and should step up efforts to contain risks before they spread to the broader financial system, which could damage the U.S. … Continue reading →

The Washington Times By Associated Press February 16, 2012 NEW YORK — Moody’s Investors Service may lower the ratings of some of the world’s largest banks, as well as those of some securities firms, because their long-term prospects for profitability … Continue reading →

The Street By Alix Steel February 15, 2012 NEW YORK (TheStreet ) — Gold prices were rising Wednesday along with the euro after China promised to keep buying euro assets and as France’s economy bounced back modestly in the fourth … Continue reading →