John Doe

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Greek stalemate to last until after Easter as Goldman Sachs warns of costly Grexit

Investment bank says "damage has been done" as creditors continue to squeeze Athens for more reforms in return for cash<p>Greece's bail-out stalemate showed no signs of easing after a long weekend of delay and frustration for Athens officials in Brussels.<p>Representatives of the Greek government …

Flood of global oil hints at more weakness in energy markets

Global oil supplies show few signs of ebbing, as producers from OPEC to Canada keep pumping crude despite months of sinking prices.<p>A Reuters survey showed members of the Organization of Petroleum Exporting Countries boosted output in March to its highest level since last October, adding more supply …

The currency wars have begun

Central banks around the globe are rushing to ease monetary policy as looming deflation and still-weak commodity prices weigh on growth …

European Central Bank

Why Brazil’s currency is having a real tough time

NEW YORK (MarketWatch)—The Brazilian real moved sharply lower Friday after a gross domestic product report showed Brazil’s economy contracted in the …

Central Banks

Arctic braced for oil rush as Shell eyes return to Alaska

Oil majors are preparing to push into the world's final frontier in search of energy riches<p>When the wreck of Royal Dutch Shell’s Kulluk drilling rig washed up on the coast of Alaska in 2012 following a storm at sea, many environmental campaigners hoped that the incident would draw a line under big …

How China plans to shape new Asian order

BOAO, China--President Xi Jinping sketched out China's vision for a new security and economic order in Asia, offering to spread the benefits of …

Fears of a new global crash as debts and dollar’s value rise

As Greece puts the finishing touches to its latest round of cuts, some economists are increasingly alarmed about the signals from the world economy