It is the 14th of November 2018

News

Schumer And Nelson Accuse Rick Scott Of Trying To "Bully" His Way To Victory; Demand Immediate Recusal

  • admin
  • 17 hours, 45 minutes ago
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Update: Attorneys for Senator Bill Nelson's campaign filed a lawsuit Tuesday afternoon seeking to extend the recount deadline. 

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In Latest Shock To Beijing, Chinese Credit Growth Is Lowest On Record

  • admin
  • 18 hours, 10 minutes ago
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In recent months, China has been desperate to inject more credit into its financial system and failing that, to at least give the impression it is doing that. Recall that last month the PBoC adjusted its definition of aggregate financing (or Total Social Financing) by including net financing through local government special bond issuance, which in turn took place just two months after it added asset-backed securities (ABS) and non-performing loan write-offs into this measure.

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Euro Slides After Italy's Salvini Says No Change To Budget Proposal; Midnight Deadline Looms

  • admin
  • 18 hours, 45 minutes ago
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With the midnight deadline for Italy to resubmit its budget proposal to Brussels fast approaching, one of the two men who are effectively running Italy has just offered the clearest suggestion yet that Italy will not change its deficit and growth projections for its 2019 budget plan - setting Europe's third-largest economy on a path that could lead to billions of fines from Brussels and the prospect of a feared 'Italeave'.

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Nomura: This Was "Death By Papercuts" Mixed With Hedge Fund Redemption Panic

One day after the midterm elections, when the Dow soared by over 500 points on abysmal volume, the formerly bearish narrative immediately turned to how wonderful gridlock is for stocks, with Wall Street suddenly certain that based on historical patterns - according to which the market has levitated into year-end every single time after midterms - this year would be no different.

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