Today: FINANCIAL News, Money, Banks, Economic and Financial Crisis, Aug 12, 2011

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Aug 12, 2011

FINANCIAL News, Money, Banks, Economic and Financial Crisis, Aug 12, 2011

Norway's Oil Fund Posts Smallest Gain Before Stock Rout
Bloomberg
“Signs of weaker economic growth in the US and Europe and fears of a contagion from the European sovereign debt crisis reduced investors' risk willingness,” said Yngve Slyngstad, chief executive officer of Norges Bank Investment Management, ...
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Wholesale funding exposes banks to vulnerability
Korea Times
Banks have been moving to comply with the requests, as Hana Bank issued $400 million yen denominated bonds to secure its foreign exchange liquidity. Another bankofficial said, “Since the global financial crisis in late 2008, the banking sector has ...
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Korea Times
France feels the economic force of the credit ratings agencies
The Guardian
Photograph: Reuters It was the week in which the focus of the financial crisisswitched from the streets of New York and Washington to the boulevards of Paris. After roughing up the Dow Jones and Barack Obama, it was the turn of French stocks to be...
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The Guardian
Cheap but not cheerful
Reuters
Some European regulators responded to the unease by banning short sales of financial stocks, calming share markets on Friday [ID:nL3E7JC19I]. Jeremy Grantham, chief investment officer at USmoney manager GMO, remains focused on quality stocks that ...
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Deficit deal, financial turbulence pose challenge
Party for Socialism and Liberation
2, a new financial panic, the most dramatic since September 2008, broke out inglobal markets signaling a deepening of the economic crisis and more hardship for the working class. The first week saw some $2.5 trillion wiped off global stock market...
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Party for Socialism and Liberation
Large-cap shares recover slightly to end a horrible week
Ha'aretz
Bank shares were hit much harder than other large-cap shares, with Bank Leumi having the worst time due to the fact that it has the greatest exposure to the bonds of foreign financial institutions. Leumi's share fell 12.4% for the week. ...
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Ha'aretz
Market turbulences fueling growth risks
FXstreet.com
At the same time, the central bank is stepping up its unconventional measures. Successfully defusing the confidence crisis requires a coordinated approach by central banks, financialorganizations and policymakers. Yet, there is still little evidence ...
See all stories on this topic »US stocks rise after mixed economic news
Seattle Post Intelligencer
Investment bank Morgan Stanely fell 5 percent amid concerns about US banks' exposure to thefinancial crisis in Europe and lawsuits related to shoddy mortgages sold before the housing bubble burst. JPMorgan Chase & Co. and Goldman Sachs Group Inc. also ...
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Capital Market / Altshuler: Recent events are not 2008-style crisis
Ha'aretz
Are bank stocks a good place to put money? "The question is how much the bankswill be required to put aside in provisions for bad debts during this crisis. When there is chaos and the economic situation is less healthy, clearly the banks get hurt. ...
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Ha'aretz
Stocks up after mixed economic news
Long Island Business News
The sentiment survey was taken over the past 10 days, as Americans watched the markets leap and dive on news about Europe's spreading financial crisis, the first-ever downgrade of the USs long-term credit rating, signals that the job market improved ...
See all stories on this topic »Depression Decade in Europe if Italy Defaults: Analyst
CNBC.com
He thinks that the reputation of sovereign bonds as an investment has been severely damaged by the financial crisis. Markets are now awaiting a key meeting between Sarkozy and German Chancellor Angela Merkel next week. Germany, the euro zone's biggest ...
See all stories on this topic »Yuan's Biggest Leap in Three Years May Herald Stimulus for Global Recovery
Bloomberg
During the global financial crisis, Premier Wen Jiabao's government halted the yuan's gains for almost two years, keeping the currency pegged to the dollar until June 2010. It has strengthened more than 6 percent since then. Reasons for allowing gains ...
See all stories on this topic »Newspaper Briefing, including 'UK banks safe in worst crisis since the ...
Proactive Investors UK
Chinas manipulation of its currency is a popular scapegoat both for the financial crisis, and for the extinction of US manufacturing. An appreciation is now plainly in Chinas urgent interests. And the rest of the world, including the US, is beginning ...
See all stories on this topic »Daimler Leads German 'Havens' as Carmakers Reel
Bloomberg
“German carmakers' financial reserves are in better shape than those of French or Italian manufacturers,” said Aleksej Wunrau, an analyst at BHF-Bank AG in Frankfurt. “That might give them an edge in a possible crisis scenario. ...
See all stories on this topic »As markets fall, our option gains grow to 500% in 30 days: Ticker Trax
Stockhouse
The Bank of England also downgraded its growth forecast for 2011 on a slower-than-expected global economic recovery. This created substantial doubt in how well equities would perform – creating even more selling pressure. It appears that given the wild ...
See all stories on this topic »100 Events That Changed Business: 1900-2000
TheStreet.com
While the crisis would be expensive, it would be largely resolved by the early '90s, and the USfinancial industry would be healthy going forward. The Japanese can only look on enviously. Forced by the Justice Department and Judge Harold Green to give ...
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Iraq foots the bill for its own destruction
Salon
The policies being implemented as a result of this contrived budget crisis are deflationary. For non-economists, as much as inflation has been touted as a majorfinancial problem over the last 30 years, deflation is widely acknowledged to beEconomic ...
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Salon
Cutting through the gloom: 10 reasons to be cheerful
Financial News
Recruitment specialists told Financial News this week that salaries for mid-level bankers had risen between 30-80% since the financial crisis. The economic world may look bleak, but companies on the whole have more cash on their balance sheets than ...
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Financial News
Update 9 – Global Economies Heading For Turbulence, Watch Out China
The Temasek Review
Bank of Korea bought bullion for the first time recently – its first purchase of gold since the Asian currency crisis of 1997-1998 as gold price keeps hitting new peaks. Central bankers are fearful of the brittle global economic recovery and the ...
See all stories on this topic »Analysis- Global inflation - the dog that doesn't and won't bark
Reuters UK
True, the spread between 10-year nominal and inflation-linked US Treasury yields, a key indicator of inflation expectations, is much higher than in early 2009 when fear of deflation was raging at the height of the global financial crisis. ...
See all stories on this topic »EU Heading for Eurobond Clash Amid German Dread Over Looming Fiscal Union
Bloomberg
12 (Bloomberg) -- Myles Bradshaw, a money manager at Pacific Investment Management Co., discusses France's credit rating and default risk, the European sovereign debt crisis and European Central Bank policy. He speaks from London with Maryam Nemazee on ...
See all stories on this topic »Europe crisis won't lead to repeat of Lehman: Magnus
The Daily Star
In September 2008, he called for the US Federal Reserve, the European Central Bank and the Bankof England to cut interest rates to prevent the financial crisis from worsening, a step they took two weeks later. The eurozone is facing “much more than ...
See all stories on this topic »US stocks rise after mixed economic news
Westport-News
Shares have swung by hundreds of points each day this week as traders react to news about the economy, Federal Reserve policy and a financial crisis in Europe that could threaten US banks. High-speed trading by computers has contributed to the ...
See all stories on this topic »Lords hear statement on Global Economy
DeHavilland (press release) (subscription)
Already, with prospective growth in the UK being downgraded by every respected economic agency, the deficit forecast is rising, not falling. The crisis in the financial markets has shifted from fears about deficits to fears about stagnation. ...
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Friday Newspaper Review - Irish Business News and International Stories ...
FinFacts Ireland
French people trust German chancellor Angela Merkel and US president Barack Obama more than their own president Nicolas Sarkozy to tackle economic and financial crises, a poll has found. The poll, which was published yesterday as shares in French banks ...
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FinFacts Ireland

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