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Moody's warns of a dangerous wave of junk bond defaults
As corporate debt reaches its highest level since the financial crisis, Moody's warns of substantial problems looming on the horizon for junk bonds during the next downturn hits.
Banks have been fined $243 billions since the financial crisis
Banks have been sanctioned and payed shocking fineds for a total of $243 billion since the last financial crisis.
Gold holds above key $1,300 level
The precious yellow metal drops a little, pressured by increased in the U.S. dollar, but prices still just above the $1,300-an-ounce level to score a gain.
Gold holds above key $1,300 level
The precious yellow metal drops a little, pressured by increased in the U.S. dollar, but prices still just above the $1,300-an-ounce level to score a gain.
LAGARDE: Protectionism Is Worst Threat to the World Economy
The threat of trade protectionism is the worst concern looming over a solid upswing in the world economy, according to IMF Managing Director Christine.
RBA shows the Risks of Debt implosion in China
Phil Lowe Governer of RBA has explained the debt risks faced by China, denouncing the fast piled up debt since 2009 and its opaque financial system.
Rising Geopolitical Tensions boost Precious Metals prices
Gold prices are up as new pressures with North Korea have pushed investors into less risky assets.
Venezuela Oil Markets on Reprieve
For the moment, the US government has chosen not to hit the Venezuelan oil sector with the most severe sanctions in spit of the re-election of President Nicolas Maduro as an " imposture. "
Rio Tinto sells its Grasberg mine assets for $3.5 billion
Rio Tinto (ASX, LON, NYSE: RIO), the world's 2nd largest miner, has announced that it is ready to sell its participation in the giant Grasberg mine, the world's largest gold mine, to Indonesian state-owned mining holding Inalum for $3.5 billion.
U.S. National Debt Reaches Record $21 Trillion
United States national debt exceeds $21 trillion for the first time in history.