Today: FINANCIAL News, Money, Banks, Stock, Economic and Financial Crisis, Apr 22 2011

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Apr 22, 2011

FINANCIAL News, Money, Banks, Stock, Economic and Financial Crisis, Apr 22 2011

Finding the next step for China's yuan policy
MarketWatch
Whenever there is a crisis, the value of US Treasury bonds gets a boost. Indeed, Treasury bonds were among the very few assets that did not decline during the global financial crisis in 2008-09. Caixin is a Beijing-based media group dedicated to ...
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Interview: Jim Sinclair on Gold and the World Financial System
Gold Seek
HRN: The news media is ignoring the US sovereign debt crisis? Jim Sinclair: In George Orwell's Nineteen Eighty-Four, there were loud speakers constantly teaching the people what Big Brother wanted. The loudspeakers today are financial television. ...
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Lost decade? We've already had one
Fortune (blog)
Higher taxes can not be awoided. many greetings Jacob Schonberg , Danish citizen Today's economy may feel different, but many of the social and economic underpinnings are the same as a decade ago. As our nation wrestles with financial issues: ...
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Gulf's Bond Market Climbs Up Again, Though Region's Unrest Remains a Hurdle
Knowledge@Wharton
The Gulf's embrace of the bond market has been building up since the global financial turmoil in 2008. Several issuers in need of cash held back on bond sales due to adverse market conditions. Several Gulf sovereigns, though, tapped the bond market in ...
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Knowledge@Wharton
Business news in brief | Philadelphia Inquirer | 2011-04-20
Philadelphia Inquirer
AP Goldman Sachs Group Inc.'s first-quarter income fell 72 percent after the bank paid $1.64 billion in dividends to redeem preferred shares it issued to investor Warren Buffett during the financial crisis. The New York investment bank said it earned ...
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After the crisis: The state of EU development finance
EURODAD
The recognition of increased debt vulnerabilities in low-and middle income countries following the financial crisis and the need to step up efforts to prevent new debt crises is most welcome. The report points out that “the risk of possible debt ...
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No more bank loans to crisis-hit realty
Business Today
India's realty sector , which is yet to completely recover from the effects of the global economic slowdown, seems to be heading towards another financial crisis. Banks and other financial institutions are refusing to lend to the sector leading to ...
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Business Today
African finance ministers highlight need for diversified economy
Nigerian Compass (blog)
Finance Ministers from Chad, Lesotho, Togo and Zimbabwe have presented an optimistic assessment of the future of their countries and of Africa, as the region makes a strong recovery from the global economic crisis, but also highlighted urgent ...
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Clean Energy Investments Slump in Q1
OilPrice.com
The quarter was the weakest since the first quarter 2009 when, under the strains of global financial crisis, investment fell to $20.5 billion. However, public market investment in clean energy firms showed signs of recovery, with a 71% year-on year ...
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What are the perspectives of the US Dollar as the global reserve currency?
«Market Leader» - news and previews making you rich.
Will the US Dollar remain the global reserve currency? · Yes, it will. There won't be any alternative in the near future. · No, it won't. Another global crisis will finish it off within the next few decades.
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«Market Leader» - news and previews making you rich.
Analysis: Has the US forgotten it has a strong dollar policy?
Reuters
Bergsten, a noted commentator on exchange-rate policy, noted there has been essentially a nine-year "bear market" in the dollar since 2002, aside from brief upward spurts in value when the global financial crisis struck in 2008 and again last year when ...
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Reuters
6 microfinance crises that the sector does not want to remember
Microfinance Focus
The impact of the global financial crisis on MFBs had been more severe than anticipated. Credit lines dried up, competition became more intense and credit risk increased, as many customers of MFBs were unable to pay back their credit facilities owing ...
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Multiple crises could lead to a meltdown
The Nation
By Thanong Khanthong We are heading toward another major economic and financial crisis, probably in the fourth quarter of this year. This time the crisis will be many times larger than the 2008 crisis. The way our global economy operates is not ...
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Industry is reluctant to invest in EPC contracts – Deneys Reitz
Creamer Media's Mining Weekly
South African law firm Deney Reitz reports that, despite a slight recovery since the global financial crisis of 2009, the mining lenders and sponsors market is still reluctant to invest in engineering, procurement and construction (EPC) projects. ...
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South Korea to Monitor Market Closer as Inflows Spur Volatility, Yoon Says
Bloomberg
The global economy may slip into an extended period of slow growth, damped by lingering debt that triggered the global financial crisis and moved from the private sector to the government. Japan's earthquake and power shortage may disrupt the global ...
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Gordon Brown and the IMF: An unfair race
The Guardian
And as if all that was not enough, much of the Fund's economic orthodoxy has been shaken by the global financial crisis. IMF researchers now concede that poor countries may be helped, not hindered, by turning away foreign speculators. ...
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Quota reforms are my top priority at the IMF: Arvind Virmani
Daily News & Analysis
Firstly, there was this shock, the global crisis, which created lowered output. When things showed up, you could grow faster for a while. But this led to rise in inflation once you crossed the threshold. Our view aired to them is that there has to be a ...
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Unleashing an Economic Tsunami
New York Times
In Washington last week, the Brazilian finance minister, Guido Mantega, complained that the policies of the Federal Reserve, designed to help the United States recover from the gravest financial crisis since the Great Depression, were having unintended ...
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How Risky is the Global Economy?
Journal of Turkish Weekly
Three years after the global financial crisis, the global economy remains a confusing place - and for good reasons. Should we draw comfort from gradual healing in advanced countries and solid growth in emerging economies? ...
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Guest post: Let's get financial
Procurement Leaders (blog)
In part I of this latest guest post, Alex Saric, marketing director, Emea, at Ariba, discusses how procurement and finance must work closer together, what the benefits of doing so are and the challenges they face. There is nothing like a crisis to ...
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The World Bank and IMF wish you a (bumpy) global economic recovery at the ...
EURODAD
On the side of the World Bank, the DC Communiqué does not address shifts in World Bank Group (WBG) policies in the wake of the global crisis, policies that reflect increasing donor emphasis on (short-term) development results to show value for their ...
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Few aware of oil revenue rule
Views and News from Norway
When the finance crisis erupted in 2008, however, Norway's left-center government quickly bent the rule and used more of the oil revenues than the 4-percent rule dictated, to relieve any ill effects of the credit crunch. Now the government has signaled ...
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Views and News from Norway
For borrowers, 45 is the new 60
Brisbane Times
You could be excused for thinking that it has something to do with the Global Financial Crisis, but it has more to do with the National Consumer Credit Protection Act. The Act came into force earlier this year and among many things is supposed to make ...
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BRICS Must Strengthen Multi-Polarity
People's Democracy
While, imperialism seeks to use the emerging economies as its surest way out of the current crisis, the BRICS nevertheless has the potential to emerge as a global political initiative that can move the world towards a genuine multi-polarity opposed to ...
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Read a transcript of the PM's speech
Adelaide Now
As one of very few countries in the world to avoid recession during the global financial crisis, the Australian government well understands the need for continuous reform if economies are to grow and remain competitive. The resilience of the Australian ...
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Jockeying begins for top job at Goldman Sachs
Sydney Morning Herald
Some analysts said, however, that Cohn seemed too closely connected to the global financial crisis. Sherwood, known to friends as ''Woody'', is well-liked and has deep knowledge of the fixed income and equities businesses - making him an expert in the ...
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True picture of US financial market and the sea of debt
USA Market News
Since the economic crisis of 2007-2009, the global financial market has been slow and the stocks have been performing badly. But from the last quarter of the year 2010, the stock market has shown some signs of recovery. According to reports in the ...
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Plan panel pitches for further liberalisation of FDI policy
Business Standard
Following the recent crisis at the Fukushima Daiichi nuclear plant in Japan, the presenation stressed, nuclear energy would play a pivotal role and should, therefore, be expanded while adhering to safety measures. India needs 100000 Mw of power ...
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The secret of foreign aid
Baltimore Sun
In short, we finance them to enrich our companies and import our culture. Score: Congress 1, poor countries 0. And the story gets better for Americans. When desperate countries face a food crisis, their markets are flooded with excess grain from ...
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Study: UK Pensions Slash Equities
aiCIO
"The financial crisis exacerbated this long-term rise to more conservative investments for protection," he said. According to the bank's research, which surveyed 185 UK pensions with a total market value of $157 billion (£95 billion), pension scheme ...
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Citi says Ireland, Greece and Portugal to restructure debts
Irish Independent
... in its monthly Global Economic Outlook and Strategy report. Irish, Greek and Portuguese two-year government bond yields all hit euro-era highs yesterday. Investors dumped the bonds on fears that the debt crisis is set to enter a new phase if, ...
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Irish Independent
3 fault lines running through China's economy
CNN (blog)
If Mr. Yongding wants to identify a real Ponzi scheme, he need only look at the Ponzi finance practiced by China's state-run banks. In the aftermath of the global financial crisis, China forced its state-run banks to lower lending standards and make as ...
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The dollar, less almighty: Big investors see possible long-term currency weakness
Washington Post
Gross noted that the currencies of many Asian economies are still 50 percent or more below their levels before the Asian currency crisis of 1997. In March, the dollar — adjusted for inflation — hit its lowest point against major US trading partners' ...
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Canada's Budget Deficit Shrinks on Strong Growth
Wall Street Journal
Canadian deficits and debt, as measured against gross domestic product, have grown sharply as Ottawa turned to big fiscal-stimulus programs to power it through the global economic crisis. Gross Canadian government debt amounts to about 84% of GDP, ...
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Brazil is top country among EM's best managers
Citywire.co.uk
'Ironically, some of the countries that are responsible for the deepest crisis since the Great Depression, and have yet to solve their own problems, are eager to prescribe codes of conduct to the rest of the world, including to countries that are ...
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Global markets up after a pause
Equitymaster.com
While the biggest gainer of the week has been the BSE-Oil & Gas index, the crisis in the Middle East has added to the debt burden of oil marketing companies. This has been due to higher crude oil prices. In fact the under recovery of state owned Oil ...
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Fight Imperialist Neo-liberalism
People's Democracy
So extreme has the dominant pro-market or neo-liberal orientation of monopoly finance capital now become that, even in the context of the greatest economic crisis since the 1930s, the state is unable to respond effectively. ...
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German business confidence slips
Financial Times
The easing in business sentiment was predicted by most analysts, in the light of rising energy prices, and the supply constraints caused by the Japanese earthquake and nuclear power crisis. “In the face of the high oil prices, the Japanese crisis, ...
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Bernanke's QEx Box
Gold Seek
Event Shocks were unleashed on the global economy in a historic manner in Q1 2011. Whether Geo-Political issues throughout North Africa and the Middle East or Physical Natural Disasters like the earthquakes in Japan, a Tsunami, or a nuclear crisis at ...
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Connecting the Dots Between Global Risks
Seeking Alpha
Finance ministers and central bank governors from around the world, gathering at the Spring Meetings of the IMF and World Bank in Washington last week, identified a slew of continued and emerging risks to the global economy, including higher food and ...
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Free checking increasingly scarce
Grand Forks Herald
During the global financial crisis, the safety of one's money became a top concern for many bank customers, and that did lead to some large-scale desertions. Washington Mutual and Wachovia Corp. — each a large bank with a sizable presence in Central ...
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Wither Botswana
Mmegi Online
As the Minister of Finance and Development Planning, Kenneth Matambo, recently told Parliament in his budget speech: "... the recent global economic crisis necessitated an increase in Government borrowing and a drawing down of Government's savings. ...
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Japanese Yields Steady After Bond Auction
Wall Street Journal
More signs that last month's earthquake and tsunami, as well as the continued crisis surrounding the stricken Fukushima Daiichi nuclear plant, will weigh on the economy should also be positive for bonds, pushing down yields. ...
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Pay Rise Amid Crisis Makes RBA's Stevens Among Best Paid
BusinessWeek
Stevens was one of seven central bank chiefs from around the world to receive an 'A' grade in a September 2009 Global Finance Magazine survey for navigating their economies through the world's worst financial crisis since the 1930s. ...
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Robert Half International's CEO Discusses Q1 2011 Results - Earnings Call ...
Seeking Alpha
In addition, the global financial crisis has triggered a new round of financial regulatory oversight. And Protiviti's financial services industry practice is well-positioned to assist clients in complying with new reform legislation. ...
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Kabul Bank might be too big to fail. But its shareholders too powerful to ...
GlobalPost
But if, as is now being alleged, the money came from Kabul Bank and not Farnood's own pocket, the country could be plunged into a serious political, as well as financial, crisis. A source inside the finance ministry, who does not want to be identified ...
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GlobalPost
Only 24% Feel Financially Secure
Financial-Planning.com
“Americans are suffering a crisis in financial confidence,” said Scott Spiker, chief executive officer of First Command. “They are increasingly concerned about such personal finance issues as rising gas prices and personal debt. ...
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Morgan Stanley's CEO Discusses Q1 2011 Results - Earnings Call Transcript
Seeking Alpha
Equity sales and trading revenues of $1.7 billion included negative DVA of $30 million and represent our highest reported quarter since the financial crisis. Results were strong across our businesses and in each major geography driven by broad-based ...
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Canada's Felled Leader Has Chance for Big Win
Wall Street Journal
Next month's election could have big implications for Canada, which recently signed onto a joint border-security pact with the US and has led industrialized nations in growth rate since the global financial crisis. On Thursday, Canada's finance ...
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Caisse's 2010 Annual Report
Benzinga
2010 was the second year of recovery after the 2008 crisis. Up until now, renewed growth required support from public authorities, at least in developed countries. Such support has exceeded US$2 trillion and largely contributed to the stock market ...
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Benzinga
John White steps down as chairman as Persimmon announce increase in sales
The Press, York
He and Mr White steered the organisation through its worst crisis when in spring 2008 the construction industry collapsed with unprecedented suddenness and severity. THERE is at least some good news. Yesterday the Government announced last year's ...
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Are CFOs getting it right on internal auditing?
CFO World UK
No business is ever going to be risk-free, but recent corporate history, from the BP oil spill to the global financial crisis, raise real questions about the effectiveness of internal audit. It's not that internal audit isn't taken seriously within ...
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BBC: Finance crisis: in graphics - Who posted in this topic ...
Green Energy Investors: BBC: Finance crisis: in graphics - Who posted in this ... "The Global Edge": Main Discussion; > BBC: Finance crisis: in graphics ...
www.greenenergyinvestors.com/index.php?app...t...
G20 eyes anti-crisis plan, mulls recovery risks - International ...
France's Finance Minister Christine Lagarde attends a news conference in Lyon, ... "The apex of the crisis is behind us, but it would be part of the ...
uk.ibtimes.com/articles/134567/20110415/g20.htm
World finance crisis threat remains | Sunshine Coast Business ...
World finance crisis threat remains. Paul Handley and Veronica Smith | 18th ... could still derail economic recovery, global finance leaders have warned. ...
www.sunshinecoastdaily.com.au/.../threat-of-world-financial-c...


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