Today: FINANCIAL News, Money, Banks, Economic and Financial Crisis, Aug 18, 2011

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Aug 18, 2011

FINANCIAL News, Money, Banks, Economic and Financial Crisis, Aug 18, 2011


Asia currencies stay buoyant amid storms
Financial Times
“In a financial crisis, the Asian currency trade won't work, as money will go into US dollars,” says Mark Matthews, Asia head of research at Julius Baer, the Swiss private bank. “Otherwise, by rule of thumb, Asian currencies will follow China in its ...
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European debt summit: Germany is using financial crisis to conquer Europe
Daily Mail
If the global financial markets continue to have no confidence in the sticking-plaster rescue packages offered by Eurozone leaders, some nations will go bankrupt — one or two, such as Greece and Ireland, are already more or less trading while ...
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Daily Mail
Why Goldman Sachs (and Warren Buffett) Always Win
National Legal and Policy Center
What happened next may be one of the most peculiar footnotes to the global financial crisis. In an effort to make up for the losses, Goldman offered Libya the chance to become one of its biggest shareholders, according to documents and people familiar ...
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Frank Holmes: Gold Is for Fighting Deflation, Not Inflation
Business Insider
China, India, Russia, the US, Europe—they all have negative real rates of return. They are all offering a negative real rate of return in short-term deposits and bonds. Gold will start to rise on thatfinancial aspect. Add in the deficit spending ...
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Idaho's bonds shine against the backdrop of the past month
IdahoStatesman.com
One oracle of the financial crisis, banking analyst Meredith Whitney, last year predicted a wave of defaults in the muni market. That hasn't come true so far. Boise County did file for municipal bankruptcy — a rare event — earlier this year because ...
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Gold & Silver: Full Spectrum Dominance
Gold Seek
The sovereign bond crisis has circled the peripheral nations, rendered its wreckage, and is working toward the center where the USTBond and UKGilt reside (worried). Italy and Spain are squarely in the crosshairs for financial assaults, but France and ...
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Carlyle Pitches Wall Street on IPO Valuation
Bloomberg
Still, expansion has driven costs higher than its peers, people familiar with the firm's financialstatements said. Its first foray into hedge funds ended when the credit crisis forced Carlyle three years ago to shut its only hedge fund, ...
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BSE Small-Cap, Mid-Cap indices extend recent steep losses
India Infoline.com
Merkel and Sarkozy late Tuesday proposed governance changes for the euro zone, but dismissed the idea of countries jointly issuing euro-zone bonds -- an idea that has gained traction in recent weeks as a way to tackle the crisis. Most Asian stocks fell ...
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Obama on Iowa Stump Says Strong Recovery Will Begin With Small Businesses
Bloomberg
Standard & Poor's first-ever downgrade of the US credit rating, risks of a spillover effect from Europe's debt crisis and volatility in global markets are drawing comparisons to the beginning of the 2008financial crisis. ...
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Wall Street Breakfast: Must-Know News
Seeking Alpha
"Merkozy" also proposed a tax on financial transactions, sending shares in banks and stockexchanges lower. SABMiller goes hostile with $10B Foster's bid. SABMiller (SBMRY.PK) has turned its A$9.51B ($9.97B) offer for Foster's Group (FBRWY. ...
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Cantor Seeks Hedge Funds of Funds in Asset-Management Push
San Francisco Chronicle
Cantor has expanded its equity, fixed-income and investment-banking businesses as larger rivals cut staff during the financial crisis. The firm sees a chance to enter the $2.04 trillion hedge-fund industry because of the difficulty money managers have ...
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Fannie-Freddie, News Corp., China Banks, Samsung: Compliance
BusinessWeek
He urged an expanded European Financial Stability Facility or a euro bond. “People always seem to have the feeling that there is one method that we'll spring us out of the crisis and in this context there seems to be that the last resource we have is ...
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Going Dutch: One Possible Solution to the Euro Debt Crisis
Seeking Alpha
The latest round in the European sovereign debt crisis has been, without a shadow of doubt, the most serious and the most potentially destabilising for the global financial system of any we have seen to date. Pressure on bond spreads in the debt ...
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