Today: FINANCIAL News, Money, Banks, Economic and Financial Crisis, Sep 10, 2011

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Sep 10, 2011

FINANCIAL News, Money, Banks, Economic and Financial Crisis, Sep 10, 2011

CORRECT: EU CRISIS ROAD MAP: Key Upcoming Milestones
Wall Street Journal
14: Greece expected to resume talks with European Commission, IMF and ECB officials on fiscal,economic reforms --Friday-Saturday, Sept. 16-17: Informal meeting of the EU Economic &Financial Affairs council. --Saturday, Sept. ...
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IMF chief urges bold action as G7 hold crisis talks
AFP
Financial regulation will also be tackled in a debate hosted by future European CentralBank head Mario Draghi. Libya's new rulers have also been invited in a follow-up to theeconomic support for the so-called Arab Spring announced at a G7 meeting in ...
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AFP
IMF Chief Urges Bold Action to Steady Global Economy
New York Times
So far, Europe's financial institutions and its governments have rejected any regional plan that would pump more public funds into banks, as the United States and Britain did during the financial crisis. Those compulsory recapitalizations played a ...
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New York Times
If financial crash comes
Ynetnews
Christine Lagarde, the head of the International Monetary Fund, said that the European banks need up to 200 billion Euro additional capital to prepare for an economic and financial crisis. This list is not only far from exhaustive, but if a similar ...
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Germany's Schaeuble: Wrong To Fight Crisis With Monetary Policy
Wall Street Journal
FRANKFURT (Dow Jones)-German Finance Minister Wolfgang Schaeuble said Friday that using monetary policy is the wrong way to combat the economic crisis. "Using monetary policy, moneycreation or further increases in public debt to combat the crisis ...
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The US View on Europe From the G-7 Talks
Wall Street Journal (blog)
Markets do reflect real concerns, and investors still scarred by the 2008-09 financial crisis remain cautious about drawing conclusions based only on promises, the senior US official said. Markets in both the US and Europe have a hard time judging ...
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Stocks sink on possible Greece debt default
Irish Times
US STOCKS fell yesterday, erasing the weekly gain for the Standard and Poor's 500 Index, on speculation Greece could default on its debt and deepen an economic slowdown. Financial stocks tumbled as Germany set plans to shore up the nation's banks in ...
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Week Ahead: Europe continues to be a hurdle for markets
Moneycontrol.com
Brian Dolan of Forex.com said the EU parliament Wednesday debates the economyand debt crisis, and European finance ministers meet in Poland Friday but he is not looking for a major development. European Central Bank executive board member Juergen ...
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Moneycontrol.com
Step-by-step against the crisis
FXstreet.com
Trying to do so in the present environment seems borderline foolish: Europe is struggling with its most profound political, economic and financial crisis in over 50 years; the outcome of which is growing increasingly uncertain. ...
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Inside the world of business
Irish Times
European finance ministers and central bankers meet on Thursday for an update on the sovereign debt crisis and on the fallout from the surprise resignation yesterday of ECB chief economist and executive board member Jürgen Stark.
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Low interest rates don't help sputtering economy
MarketWatch
Three years into the largest financial crisis of our generation, markets were gripped with fear and uncertainty and hedge funds had one of their worst months ever. Even Bill Gross, one of the most successful bond investors of all time, admitted that he ...
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Why Europe's Crisis is Everyone's Problem
ETFguide
We've warned our subscribers about the imminent danger of investing in financial products backed by the faith and credit of European banks. Yet, some $16 billion of dumb money remains invested in these products. (See our 8-24-11 ETF Weekly Pick) As an ...
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Obama, Nation In Uncharted Economic Territory, Jobs Plan Or Not
NPR (blog)
Mr. Obama continues to rely on a diagnosis of America's economic woes that misses the heart of the matter. If financial crises really are different from cyclical downturns – as economists Kenneth Rogoff and Carmen Reinhart have argued – then ...
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Canada Economy Holding Up Well Despite Aug. Job Loss: Fin Min
Wall Street Journal
By Paul Vieira Of DOW JONES NEWSWIRES OTTAWA (Dow Jones)--Canadian Finance Minister Jim Flaherty said Friday that Canada's economy is "managing relatively well" in a global context even though the job market shed workers for the first time in five ...
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Dow dives on jobs plan
Boston Herald
“The problem is that probably half of Obama's bill doesn't have a shot of getting through the Republican-controlled House,” said Barry Armstrong, host of the “Lunch Money” financial-advice show on WRKO (AM 680). “If the Republicans won't allow the ...
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Keep Export Earnings Here in Indonesia: BI
Jakarta Globe
On Wednesday the government and the central bank said they were also considering limits on local firms' foreign debt exposure. The late 1990s Asian financial crisisinvolved the rapid exit of cash from developing Asian economies.
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Jakarta Globe
Only three British banks make it into list of the world's '50 safest banks'
This is Money
Megan Murphy, of the Financial Times, warns that the outlook for investment banks is the 'worst it has been since the financial crisis'. Fears that Italy might be the next EU nation to face the spectre of defaulting on its sovereign debt has panicked ...
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After the meltdown | holding banks accountable
Myrtle Beach Sun News
Phil Angelides served as chairman of the Financial Crisis Inquiry Commission, which conducted the nation's official inquiry to the financial and economic crisis. He previously was California's state Treasurer. He wrote this for the Sacramento Bee. ...
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TSX sinks on Euro-Zone woes
Vancouver Sun
Meanwhile speculation is growing that Greece will default on its debt, which would further deepen theeconomic slowdown. "We're dealing with a confidence crisis," Matt McCormick, a money manager at Cincinnati-based Bahl & Gaynor Inc., ...
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We'll keep doing what we have been doing – Gonzi
Times of Malta
Dr Gonzi said he had warned of an economic storm back in 2007 when he also suggested that Malta should aim for a zero deficit to be achieved over around five years. “The global economic and financial crises were worse than anyone predicted, ...
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The Age of 'Macro' Investing
Wall Street Journal
In contrast, the stock-market crash in October 1987 and the Asian financial crisiswere "endogenous" events, erupting from within specific markets, he says. "This was an enemy from outside that wanted to kill us and managed to do it. ...
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Wall Street Journal
Lehman Mirrored in Record European Swap Divergence to U.S.: Credit Markets
Bloomberg
Banks and money managers are shying away from European debt as the region's finance ministers struggle to contain a crisis of confidence that has driven borrowing costs on countries from Greece to Italy to records. That's raising concern its lenders ...
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In Belarus, a “Miracle” Built on Sand Bottoms Out
Transitions Online
Amid the “economic miracle,” Russia seemed to Belarusians like a wild alternative; now it suddenly looks like a richer, more global neighbor, and a possible financial savior to boot. Russia is both Belarusian industry's chief supplier and its main ...
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BASE METALS: NY Copper Falls To 2-Week Low On Europe Worries
Wall Street Journal
A top European Central Bank official Friday revealed he was stepping down in a reported disagreement over the bank's bond-buying program, and financial stocks were under pressure ahead of this weekend's Group of Seven meeting of finance ministers and ...
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Swiss move to defend the franc reflects market fear and policymakers ...
Financial Times
Through its announcement, the SNB has promised to create as much currency as required and pump it into financial markets to hold down the exchange rate – in effect, a boost to domestic money supply conducted over foreign exchanges. ...
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Financial Times
Saba Capital: A hedge fund bright spot
Fortune
"Yes, he lost a lot of money, along with many others during the financial crisis, but it was small compared with he magnitude of what he managed and the financial crisis." Weinstein worked for Deutsche Bank from 1998 until 2009, racking up billions in ...
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