FINANCIAL News, Money, Banks, Economic and Financial Crisis, Jul 27, 2011

China faces acid test on economic reform The Australian In early 2009, when the leaders of the G20 gathered to discuss their response to the global financial crisis, a new wisecrack went around: "After the Tiananmen protests in 1989, capitalism saved China. After Lehman Brothers went bust in 2008, ... See all stories on this topic »

Financial firms ponder options should US default Boston Globe He also pointed out that Massachusetts banks have solid capital reserves and survived the recent financial and economic crisis. “Hopefully, clearer heads will prevail and we can avoid this crisis,'' Cotney said. “But even if we . . . hit the debt ... See all stories on this topic » Boston Globe

What happens if the US defaults? CBC.ca "A US debt default would certainly be one such event, given the calamity it would cause in financial markets and the US economy. Hopefully this is resolved soon," it said. Investment spending accounted for about 32 per cent of economic activity in ... See all stories on this topic » CBC.ca

Debt, Deficits, and the Demise of the American Economy: An Interview With ... Business Insider Wall Street Sector Selector is a financial media site focused on news, analysis and information about exchange traded funds and global financial and economic developments. In a book as riveting as today's headlines, you will learn how the financial ... See all stories on this topic »

Boehner Fights Internal Strife Over Debt Plan Bloomberg Richard Durbin of Illinois, the Senate's second-ranking Democrat, called the debt crisis “a self-inflicted wound.” “Rating agencies have told us it's not only a long-term debt, but the fact that you are lurching day to day, week to week, ... See all stories on this topic »

Brokerage IRAs, Trader-Tracking, Patent Law, SunTrust Settles: Compliance Bloomberg When a director is in place, the agency officially becomes an independent bureau within the Federal Reserve. Until then, it doesn't have the new powers created by Dodd-Frank, such as the ability to supervise non-bank financial firms. See all stories on this topic »

Newspaper Briefing, including 'Search for safe havens as US budget impasse ... Proactive Investors UK US money market funds build liquidity: US money market funds are stockpiling cash in case Congress fails to raise the debt ceiling, distorting the short-term market for US government debt and raising borrowing costs for banks and other financial ... See all stories on this topic »

Bailouts, Austerity and Rage: Calm Like A Bomb, Part I - The Greek & The Irish The Market Oracle Last year saw its fair share of violence in Athens, and June 29, 2011 did as well, but there is also every reason to think Greece's economic/financial situation will continue to deteriorate as renewed austerity and privatization plans takes their toll. ... See all stories on this topic »

Emaar 2Q In Focus; Mkts Cautious On US Debt Zawya (subscription) Abu Dhabi's market closed up 0.4% at 2673.97 Tuesday; real estate and bank stocks were among the top risers. First Gulf Bank will issue a five-year, $650 million sukuk, or Islamic bond, carrying a profit rate of 200 basis points over mid-swaps, ... See all stories on this topic »

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