Global Economy
US Auto Industry Preview: June Sales Harken Back To Pre-Recession Levels
U.S. car dealers like Don Kerstetter have every reason to be happy these days as the industry is partying like it's 2007—facing demand not seen since before a recession that drove General Motors ...
Dodd-Frank Failed to Dispel Too-Big-to-Fail, Say 2 Fed Presidents
Two Federal Reserve district bank presidents said the 2010 Dodd-Frank Act hasn't eliminated creditor expectations for federal bailouts of financial firms, perpetuating the idea that large banks are ...
Insurance Industry Facing Accounting Overhaul in Line with Global Standards
The biggest overhaul of insurance accounting in 30 years was to advance a step on Thursday with the release of a proposal that some insurers fear could make their profits more volatile. In a move to ...
In Europe’s Low Interest Rate Climate, Insurers Turn to Corporate Debt for Returns
Record-low European interest rates are driving insurers and reinsurers from Axa SA to Munich Re toward corporate and infrastructure debt for better returns. France's three largest life ...
‘Green’ Energy Hasn’t Bloomed For Investors—Yet
The term "green energy" refers to the benign environmental impact of fuel sources, such as wind and solar, that President Barack Obama promoted in a speech on Tuesday. It does not refer to that ...U.S. First-Quarter Growth Cut To 1.8 Percent
U.S. economic growth was more tepid than previously estimated in the first quarter, held back by a moderate pace of consumer spending, weak business investment and declining exports. Gross domestic ...
Europe Strikes Deal To Push Cost Of Bank Failure On Investors
The European Union agreed on Thursday to force investors and wealthy savers to share the costs of future bank failures, moving closer to drawing a line under years of taxpayer-funded bailouts that ...
Reuters Insight: Educated With A Dead-Beat Job; The Unseen Legacy Of Europe’s Crisis
As the first anniversary of her graduation in eco-tourism and cultural history approaches, Linnea Borjars remains jobless and frustrated. After finishing her studies at Sweden's Linkoping University, ...