Greece suffers 1 billion euro tax revenue shortfall in January

Greece’s tax revenues slumped 23 percent below target in January as citizens held off on paying taxes before a snap election, marking a setback for the new left-wing government as it seeks a deal with European partners to avert a financial crisis. Finance ministry data showed tax revenues were 3.49 billion …

Asian shares jump on Ukraine ceasefire, Greek hopes

By Hideyuki Sano TOKYO (Reuters) – Asian shares soared on Friday on news of a ceasefire accord in Ukraine, while Sweden's surprise move to cut its main rate into negative territory and hopes of a resolution between debt-strapped Greece and its creditors burnished risk appetite. MSCI's broadest index …

Can Technology Save Fracking?

The meteoric rise never felt sustainable – the numbers told us that. In 2013, US shale was responsible for approximately 20 percent of world investment in oil, while only supplying four percent of global production. The figures today are even grimmer. Baker Hughes is cutting 7,000 jobs; Halliburton, 6,500; Schlumberger, 9,000. The national oilrig count …

The unbalanced global economy: American shopper

UK Only Article: standard article Issue: Putin’s war on the West Fly Title: The unbalanced global economy Rubric: The world is once again relying too much on American consumers to power growth A GLOBAL economy running on a single engine is better than one that needs jump leads. The American …

AIG Profit Misses Estimate; To Buyback Addl $2.5 Bln Stock – RTT News

Fox BusinessAIG Profit Misses Estimate; To Buyback Addl $2.5 Bln StockRTT NewsAmerican International Group Inc (AIG: Quote) on Thursday reported a plunge in fourth-quarter profit, hurt by debt charges, workers' compensation expense, and reserves provision. The insurer's operating earnings, which exclude one-time items, came in …AIG's …

King of the Netherlands opens Late Rembrandt exhibition at the Rijksmuseum

King Willem-Alexander of the Netherlands officially opened the Late Rembrandt exhibition at the Rijksmuseum today. The Rijksmuseum’s Director and General Manager Wim Pijbes and Head of Visual Arts Gregor Weber accompanied King Willem-Alexander on a tour of the exhibition highlighted by masterworks including the Portrait of Jan Six …