Today: FINANCIAL News, Money, Banks, Economic and Financial Crisis, Jul 23, 2011

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Jul 23, 2011

FINANCIAL News, Money, Banks, Economic and Financial Crisis, Jul 23, 2011

Greek deal skirts disaster but problems fester
The Associated Press
Merkel won a key concession to public opinion in Germany: sacrifices from bondholders, who will take longer to get their money and receive lower interest under program worked out with representatives of the financial services industry. ...
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Myanmar Currency Crunch Cripples Exporters, Risks Crisis
CNBC.com
For now things look rosy: FDI totals $9.6 billion so far this year, on track for its highest ever in 2011, while foreign investment in government bonds and the stock market are both at records. "I'm very bullish," said Gita Wirjawan, the country's ...
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THE DISTILLERY: Greek pact
Business Spectator
Back home, Fairfax's Malcolm Maiden wrote: "The attempt to get the world clear of the 2008-09global financial crisis and the growth-choking tsunami of debt it unleashed reached another crucial milepost last night when Europe's political leaders sat ...
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In China, Mortgage Slaves Curse US Debt: World View
Bloomberg
In late June, the Party revealed that the post-2008 infrastructure binge that seemed to power much of the Chinese economy through the global economic crisis was largely financed on unsustainable and, in many cases, un-repayable, local government debt. ...
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Caterpillar Second-Quarter Sales and Revenues up 37 Percent; 2011 Outlook ...
MarketWatch (press release)
That is an improvement from our previous outlook of $52 to $54 billion of sales and revenues and profit per share of $6.25 to $6.75. Our 2011 financial results will include about a half year of Bucyrusresults and most of the up-front and integration ...
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CITIC Pacific hit by an iron bullet
Asia Times Online
But when the world financial crisis hit, the Australian dollar cratered as money fled emerging markets for the security of the greenback. CITIC Pacific found itself committed to buying Australian dollars at $0.87 when they were worth $0.60. ...
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Newspaper Briefing, including 'Morgan Stanley powers past Goldman Sachs ...
Proactive Investors UK
In its monthly snapshot of the mortgage market, the Bank said demand for buy-to-let loans had surged since the financial crisis, with the number of products available rising to their highest level in three and a half years in May. ...
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Euphoria Wanes as Doubts Emerge?
Benzinga
By Pension Pulse A rally on European stock markets evaporated on Friday night as investors began to voice concerns about whether the eurozone rescue plan for Greece would be enough to stem the currency bloc's debt crisis. One leading investment ...
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Worldly, Wise and Worried
Barron's
By LESLIE P. NORTON | MORE ARTICLES BY AUTHOR Pimco's Mohamed El-Erian discusses in an interview his views and investment strategies amid the various global crises. Mohamed El-Erian has been a busy man this year, traveling to Japan after the Sendai ...
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Stocks Rally 1.6%, Approaching a 2011 High
Barron's
Relieved by progress made to contain the government debt crisis, the flip-flopping US stock market rallied last week to move within 1.4% of a fresh 2011 high. But gold climbed, too, for a third straight week to a new record above $1600 an ounce, ...
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