FINANCIAL News, Money, Banks, Economic and Financial Crisis, Aug 03, 2011 (2)

Debt crisis focus shifts from America to the eurozone Telegraph.co.uk Turmoil on the bond markets extended into equities. Italy's stock market fell 2.53pc to a 27-month low as traders took fright at the decision by economy minister Giulio Tremonti to call a meeting of the country's Financial Stability Committee. ... See all stories on this topic » Telegraph.co.uk

Insight: When ratings agencies judge the world Reuters Governments and financial institutions around the world have required that any creditinvestment be officially rated by such an organization. In other words, an NRSRO has to say a bond is investment worthy before many banks, mutual funds and national ... See all stories on this topic » Reuters

US debt crisis: The deal has been done NEWS.com.au But will the Congress vote for it and prevent global financial chaos? Here's how the drama unfolded. 11.35am We're wrapping up our live coverage of the US debt crisis now. Check back in our business section for further updates as they come to hand. ... See all stories on this topic »

For Rational Investors, Market Uncertainty Equals Profits Money Morning By Martin Hutchinson, Contributing Editor, Money Morning There's no question that the Washington fiasco, more commonly referred to as the debt-ceiling crisis, has injected a huge amount of uncertainty to financial markets. That's bad news for the US ... See all stories on this topic »

The Coming Retirement Wave Financial Advisor Magazine “From a financial advisor's point of view, that'll be a tough crisis to solve.” It stands to reason that Middle America and lower have more to worry about than affluent folks who feel the need to seek out––and can afford to pay for––professional ... See all stories on this topic »

Sensex drops 4% in six days on earnings growth worries India Infoline.com European stocks dropped on Tuesday, 2 August 2011, on renewed fears over the euro-zone debtcrisis. Key benchmark indices in UK, France and Germany were down by 0.56% to 0.9%. The cost of insuring Italian and Spanish bonds against default via credit ... See all stories on this topic »

US debt deal set to pass but what were the costs? Reuters India Indeed, the economy has still not clawed back all of the declines it suffered in thefinancial crisis, and the jobless rate remains at 9.2 percent, with little sign of substantial hiring to bring it down. "This is not going to go away. ... See all stories on this topic » Reuters India

US debt crisis - Live updates Perth Now The deal was met initially with relief on global financial markets but investors then began to have doubts about the plan and gains were reversed sharply. Monday 1 August 10.15pm If you're struggling to get your head around the debt crisis, ... See all stories on this topic »

House passes bill to raise Govt debt limit and cut spending Malaysia Star Obama and many economists and financial experts predicted global chaos and plunging stock markets without the legislation. House Speaker John Boehner, obviously pleased and relieved at the House vote, gaveled the measure as passed. ... See all stories on this topic » Malaysia Star

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