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July 21, 2015 IMF appoints White House economic adviser as chief economist

Source: Al Arabiya

The International Monetary Fund on Monday named as its new chief economist Maurice Obstfeld, an academic and White House economic adviser known for his work on money flows and international finance.

July 21, 2015 Greece reopens banks and pays off some debt in first steps towards normality

Source: The Guardian

Greece has taken a step back to normality after its banks reopened following three weeks of closures and receipt of a €7.2bn (£5bn) loan, with almost all of it spent on repaying debts.

July 21, 2015 Nasdaq Composite Hits All-Time High Ahead Of Pinnacle Q2 Earnings Week

International Business Times - European stocks closed higher Monday, with the pan-European îStoxxî 600 finishing the day up 0.3 percent, after Greece made crucial debt repayments due to the European Central Bank and...

July 21, 2015 U.S. banks prepare for oil and gas company loans to worsen

MSN - îMoody'sî Investors Service flagged the issue in a report published Monday. Banks it singled out as having particularly high exposure to the energy sector by at least one measure were led by BOK Financial Corp....

July 21, 2015 Toshiba chief in swath of resignations over accounting scandal


A panel of external lawyers and accountants said on Monday there was a “systematic” and “deliberate” attempt to inflate profit figures amid a corporate culture in which employees were afraid to speak out against bosses’ pushes...

July 21, 2015 Big Banks’ Stress Level Is Rising

Source: Wall Street Journal

Big banks scored a minor regulatory victory Monday. But this may be overshadowed by comments from Federal Reserve officials indicating that annual stress tests could become even more stringent.

July 21, 2015 3 trends that are burying gold prices

Source: CBS Money Watch

Gold bugs are getting squished. Prices for the precious metal hit a five-year low on Monday, closing at $1,107 a troy ounce on the New York Mercantile Exchange, its lowest level since March 2010. Prices fell for a number of...

July 20, 2015 Follow the Money: A new wave in executive compensation

Source: Metro Corporate Counsel

The National Association of Corporate Directors (NACD) Blue Ribbon Commission on the Compensation Committee recently released its third report on executive compensation. Below is an interview with the leader of that effort,...

July 20, 2015 Greek Banks Reopen After 3 Weeks But Tax Increase Pushes Up Prices

Source: NBC News

ATHENS, Greece — Greeks woke up Monday morning to a new era: banks were finally open after being closed down for three weeks but new taxes meant coffee, tea and even condoms all cost more.

July 20, 2015 Accumulated Corporate Debt of China Can Be A Huge Threat To Its Economy Which Is Slowing Down

Source: Times Gazette

Beijing apparently averted a crisis that was brewing in her stock markets with stern intervention but the $16.1 trillion corporate debt that is also rising constitutes a more serious threat to its economy which is currently...

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