BBC online reports on Wednesday, the European Commission has put forth a draft of rules on trading in what it calls "Wild West territory," or intricate financial products. The Commission wants to put a watchdog in place to monitor the derivatives market for products that are not purchased, but are used to make bets on assets. European Commission officials also want to take a look at short-selling, which some say that along with derivatives, have contributed to the eurozone's debt crisis.
Wednesday, September 15, 2010
Thursday, September 9, 2010
Saturday, September 4, 2010
Monday, August 23, 2010
Egypt searches for $50m Van Gogh painting
Egyptian authorities have had to make an embarrassing U-turn on the disappearance of a Vincent Van Gogh painting from a Cairo museum.
An empty frame is all that is left after "Poppy Flowers", worth $50m, was stolen on Sunday.
Following initial reports that it had been recovered, the country's culture minister backtracked on his claim.
The theft raises serious questions and concerns about the state of security at Egypt's top museums, which house some of the world's most precious, rare and valuable antiquities and artwork.
Al Jazeera's Ayman Mohyeldin reports from Cairo.
An empty frame is all that is left after "Poppy Flowers", worth $50m, was stolen on Sunday.
Following initial reports that it had been recovered, the country's culture minister backtracked on his claim.
The theft raises serious questions and concerns about the state of security at Egypt's top museums, which house some of the world's most precious, rare and valuable antiquities and artwork.
Al Jazeera's Ayman Mohyeldin reports from Cairo.
Friday, August 20, 2010
Steve Forbes on 401K Withdrawal Rate
Steve Forbes discusses how the economy is driving people to tap their retirement savings for daily expenditures.
Saturday, August 14, 2010
German economy sees record growth
After months of an economic slump, Europe's main stock markets have bounced back as economic growth in Germany and France boosted investors' sentiment.
Germany, the region's biggest economy, published on Friday its best quarterly GDP growth since 1990 of more than two per cent in the second quarter.
The country helped lift growth in the eurozone overall to one per cent and more than made up for the struggling economies of Greece, Spain and Ireland.
That rate of German expansion is unlikely to last, and early gains for European shares slipped back again, as did the euro's rise against the dollar. But traders, it seems are happy.
Al Jazeera's Rory Challands reports.
Germany, the region's biggest economy, published on Friday its best quarterly GDP growth since 1990 of more than two per cent in the second quarter.
The country helped lift growth in the eurozone overall to one per cent and more than made up for the struggling economies of Greece, Spain and Ireland.
That rate of German expansion is unlikely to last, and early gains for European shares slipped back again, as did the euro's rise against the dollar. But traders, it seems are happy.
Al Jazeera's Rory Challands reports.
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