Food concerns mount in Vanuatu after monster cyclone

PORT VILA (Reuters) – International aid agencies ramped up appeals for cyclone-hit Vanuatu on Wednesday, warning that the powerful storm that affected more than two-thirds of the South Pacific island nation had wiped out crops and destroyed fishing fleets, raising the risk of hunger and disease.


Are Greek Capital Controls Now Inevitable?

While the trading algos are blissfully honing their headline-scanning skills (it should take no longer than a few nanoseconds to find whether “patient” and “international” are in the FOMC statement) ahead of tomorrow’s Fed announcement and avoiding any macro developments from around the globe, the biggest international news hit earlier today when Greece came one step closer to if not a Grexit, then a full blown bank run and capital controls when none other than the chair of the Eurogroup Jeroen Dijsselbloem became the first European Union official to suggest the possibility of capital controls to prevent Greece leaving the euro, which in turn drew a furious reaction from Athens, which accused him of “blackmail.”

Quoted by Bloomberg, Dijsselbloem