Markets

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Oops, Cristina Kirchner did it again

Argentina has so far led investors to believe that it is ready to default if necessary to avoid the New York court’s ruling. That reaction, although less than surprising, would worsen further its lack of credibility.







China Export Ship

China keeps exceeding expectations

By CaixaBank analysts | China exceeds expectations with 7.9% growth in GDP year-on-year in the fourth quarter of 2012. Indicators confirm that Chinese exports picked up again in December.



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Did Moody’s downgrade Chancellor Osborne?

LONDON | The two possible responses from Chancellor George Osborne and Prime Minister David Cameron are well known: they could either use again the eurozone card as a scapegoat, or face the UK rating downgrade.