Iceland drew on Nordic help to obtain foreign currency on Tuesday and held talks with Russia about a possible loan to stave off a crisis that has left its economy near collapse.
S&P lowers Russia's credit rating
Credit ratings agency Standard & Poor's lowered Russia's foreign currency sovereign credit rating a notch on Monday, citing heavy outflows of capital amid the global financial turmoil.
New Anxiety Grips Russia’s Economy
Russia’s cash reserves have fallen to $484 billion, from a peak of just under $600 billion, putting the success of the economy in doubt.
Iceland Seeks Emergency Loan From Russia
In addition to seeking the $5.4 billion loan from Russia, Iceland pegged its currency to an index and took control of one of its largest banks as it struggled to keep its economy afloat.
The Trillion Dollar Meltdown: Easy Money, High...
We are living in the most reckless financial environment in recent history. Arcane credit derivative bets are now well into the tens of trillions. According to Charles R. Morris, the...
The End of Prosperity: How Higher Taxes Will Doom the...
Arthur Laffer -- the father of supply-side economics and a member of President Reagan's Economic Policy Advisory Board -- joins economist Stephen Moore of The Wall Street Journal editorial...
Post new comment