financial news

Sean Parker: "Little Startups Are Ridiculously OverFunded" | TechCrunch It's gotten so bad that, says Parker, "Now institutionally-backed venture funds are backing other venture funds in order to stay close to the…

Overnight price action marked by choppy trading conditions; Most EM stocks and currencies lower, safe havens advance. North American session likely to focus on US data; Inflation expected to remain flat, industrial production seen higher.…

Merkel Urges Overhaul of European Union - Bloomberg German Chancellor Angela Merkel called for an overhaul of the European Union, advocating closer political ties and tighter budget rules, in her most explicit prescription for…

Risk aversion continues to weigh heavily on equity markets and EZ sovereigns; Dollar mostly firmer across the board. EZ policy developments remain in spotlight with growth expected to slow; UK inflation moderates. In the North American…

More bad news for eurozone as industrial sector shrinks - Telegraph The region's woes intensified as official Eurostat figures showed industrial production fell 2pc, more than reversing a 1.4pc increase in August. Portugal and…

Markets failed to get a lasting boost from change in EZ governments; dollar broadly higher into open. Italy auction met with decent response, but higher yields nonetheless ; change in governments no panacea in EZ. Japan’s preliminary Q3…

Down with the Eurozone - Nouriel Roubini - Project Syndicate For the last decade, the PIIGS (Portugal, Ireland, Italy, Greece, and Spain) were the eurozone's consumers of first and last resort, spending more than their income…

There's A Big Solution In Europe, And Actually It's Really Cheap But there is a solution. The markets seem to think we're about to see the ECB inter into the fray as a lender of last resort to troubled countries. The ECB already…

Slovenia's bond yields hit 7% | beyondbrics | FT.com The eurozone storm is spreading fast and Slovenia has become the latest country to be battered by its winds. Its 10 year bond yields have jumped dramatically since the start…

The foreign exchange is calmer. Equity markets are generally higher. Global bond markets are also quieter today.