Greece to probe former finance minister over Swiss bank account list

on , from telegraph.co.uk

Mr Papaconstantinou, who received the list from French authorities in 2010 but later claimed he had lost the computer disk, has denied any wrongdoing, hinting that his political foes were trying to incriminate him. The allegations, concluded last week after a lengthy probe by a rash of Supreme Court prosecutors, centred on a number of HSBC accounts that two of Mr Papaconstantinou’s cousins and their spouses held in a Geneva branch. While one account appeared to be dormant, officials said, the second showed deposits in excess of $1.2m (£740,000). Under the government's unanimous decision on Monday, ... (Read the full story)

McConnell: We've reached an agreement on all of the tax issues

on , from @thestalwart

BREAKING (Read the full story)

Stocks Rise, Treasuries Fall as Budget Talks Progress

on , from bloomberg.com

U.S. stocks gained, snapping a five- day slump, amid last-minute budget talks to head off more than $600 billion in spending cuts and tax increases slated to start tomorrow. Treasuries fell while gold rallied. The Standard & Poor’s 500 Index added 0.6 percent to 1,411.31 at 2:02 p.m. in New York, halting a five-day slump. The Stoxx Europe 600 (SXXP) Index closed 0.3 percent higher. Ten-year Treasury yields were up six basis point at 1.76 percent, still headed for the lowest-ever year-end close. The Japanese yen weakened, set for the biggest annual drop versus the dollar in seven years. Gold extended a ... (Read the full story)

The Bond King’s Fearless Forecasts for 2013

on , from wsj.com

The bond king unwraps his market calls for the new year, and he did it in a very public forum. In a pair of messages on Twitter, Pimco’s Bill Gross made his calls for 2013. He predicted the US dollar will lose ground, gold will rally and oil will rise above $100 a barrel at some point in the year. He also predicted the five-year Treasury yield will end 2013 at 0.7%, a tad lower than 0.718% recently traded. (Read the full story)

President Obama Delivers Remarks about the Fiscal Cliff

on , from whitehouse.gov

VIDEO (Read the full story)