FINANCIAL News, Money, Banks, Economic and Financial Crisis, Aug 03, 2011

Investors Lose Confidence in Big BRIC Banks Bloomberg Bank stocks in China are trading at lower valuations than global emerging-market indexes for the first time since 2006. The country faces a financial crisis with bad debt that may jump to 30 percent of total loans, Fitch Ratings said. ... See all stories on this topic »

Deal or no deal? Markets bracing for Monday BusinessWeek If there is no agreement to raise the nation's borrowing limit and defuse the building financial crisis, analysts said Sunday they expect stock markets across the globe to fall on Monday. In the US that would add to six straight days of stock losses. ... See all stories on this topic »

China Finds Vindication in US Debt Crisis China Digital Times It is the ultimate “too big to fail” global relationship, said Andy Rothman, an analyst in Shanghai for the investment bank CLSA. If Beijing even hinted that it might try to sell part of its American debt, “other countries might sell their dollar ... See all stories on this topic »

Bankers: How far can they fall? Telegraph.co.uk With the global economy burning down around them, politicians everywhere turned on the financial gushers, flooding the markets with cheap money to stimulate the economy. So they created the ideal trading conditions for any bank left standing, ... See all stories on this topic » Telegraph.co.uk

Best ways to find income Telegraph.co.uk Dividend payouts increased by 27pc between April and June suggesting that many companies have got their balance sheets in order following the financial crisis and the subsequent recession. This is the biggest payout since the same period in 2008. ... See all stories on this topic »

Treasuries Fall as Debt-Ceiling Plan Reduces Threat to Economy San Francisco Chronicle Obama warned July 25 of a "deep economic crisis" without a compromise over the budget. Congressional leaders are racing to push through a plan to raise the debt limit by at least $2.1 trillion and slash government spending by a minimum $2.4 trillion ... See all stories on this topic »

Markets cheer US deal BusinessWorld Online While a downgrade would undermine the assets of banks, particularly those that hold US debt, he added that local financial institutions remained "well capitalized." Mr. Tetangco also downplayed the effects of a US downgrade on the country's $69 billion ... See all stories on this topic »

Unease in the East Sydney Morning Herald It has created a property boom based on borrowed money. If China's real estate is as geared as was the case in the US - which triggered the global financial crisis - or as Japan's, before it entered a decade-long recession, then watch out. ... See all stories on this topic » Sydney Morning Herald

Newspaper Briefing, including 'Weak results to take toll on UK banks ... Proactive Investors UK US debt crisis: World faces a tense wait as 11th-hour deal edges closer: Financial markets and theglobal economy look set to be spared the catastrophe of an American default, as President Barack Obama and Congress edged closer to an 11th-hour deal on ... See all stories on this topic »

Will the euro die faster than the dollar? Equitymaster.com You see, over the weekend, the US Government just about managed to avert a situation that could have triggered a huge global economic crisis. But the solution is temporary. And the crisis could trigger again. You will recall. As we ended last week, ... See all stories on this topic »

Duty cut on diesel engines, gearboxes from Japan Chandigarh Tribune He adds that global financial institutions around the world holding AAA-rated US Treasury notes and bonds would see the value drop. Harvard University Economics Professor Jeffrey Miron says foreign creditors could start withdrawing money from US banks. ... See all stories on this topic »

Rich lister sets sights on Africa Taranaki Daily News He made his fortune through his Moscow-based Renaissance Group which offers financial,investment and management expertise in emerging markets. Russia's bond crash in 1996 almost broke Renaissance and again in 2008 the global financial crisis had the ... See all stories on this topic »

Investor pull to replace regulator push on CoCos: Credit Suisse's Ervin Risk.net But we expect the driver of growth to come increasingly from a different area: bank resolution reform. The Financial Stability Board (FSB) also issued a paper on July 19 that strongly advocates bail-in, an approach to resolution that avoids sovereign ... See all stories on this topic »

Deal in sight, global markets look up to Monday Seattle Post Intelligencer But traders have been reluctant to buy stocks on the good news fearing the debt wrangling in Washington might set off a financial crisis. Thomas Tzitzouris, head of fixed income research at Strategas Research Partners, said Sunday that to avoid a steep ... See all stories on this topic »

With a U.S. debt deal finally in sight, world markets look to Monday trading Daily Mail Companies have reported strong quarterly earnings in the past few weeks, but traders have been reluctant to buy stocks on the good news fearing the debt wrangling in Washington might set off a financial crisis. Thomas Tzitzouris, head of fixed income... See all stories on this topic » Daily Mail

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