Today: FINANCIAL News, Money, Banks, Economic and Financial Crisis, Sep 19, 2011

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Sep 19, 2011

FINANCIAL News, Money, Banks, Economic and Financial Crisis, Sep 19, 2011

U.S. Struggles to Get Traction on Europe Crisis
Wall Street Journal
2 official this month after serving as a White House economic aide, spent much of their time as senior Treasury Department officials in the 1990s fighting overseasfinancial crises using a combination of American influence and IMF firepower. ...
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QE saved Britain from double-dip recession, says Bank of England
Telegraph.co.uk
The Bank's Monetary Policy Committee first embarked on QE between March 2009 and January 2010, in response to the global financial crisis. It bought a total of £200bn of assets, mainly government bonds, which amounted to 30pc of total outstanding gilts ...
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Telegraph.co.uk
Pranab hopeful of solution to euro crisis at global meet
Business Standard
The government, he said, was aiming to transfer money to eligible beneficiaries of various government schemes through banking channel to attain financial inclusion. "All banks should use technology to reach out to people in far-flung areas of the ...
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Business Standard
IMF aims to advance dialogue on China reforms
Financial News
Tackling inflation is the short-term political priority for economic policymakers. Absent a property or bank-credit crisis, there won't be much political appetite for tacklingfinancial reform until the factional jockeying for position within the new ...
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Financial News
What's next for Egyptian finance?
Khaleej Times
It is surely a strategic mistake that the Military Council turned down offers of IMF and World Bank loans. Economic reform, the stock market, privatisation, liberaleconomics are anathema to both the military high command and impoverished 40 million ...
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Khaleej Times
Greek budget pain to deepen
The Australian
With financial markets worrying about a possible Greek default, inspectors from the European Union, the European Central Bank and the International Monetary Fund have postponed a decision on whether to extend the next payment until next month. ...
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Citi Singapore Chief Extols City-State's Virtues
Wall Street Journal
It's the deepest, most liquid, most reliable financial market ever. That $14 trillion worth of Treasurys outstanding are being used every day by banks and other institutions to manage money. That is very critical to the global economy. ...
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Wall Street Journal
Australian, NZ Currencies Decline on European Economy Concern
BusinessWeek
Europe's finance chiefs, who wrapped up two days of talks in Wroclaw, Poland, on Sept. 17, also said that the 18-month debt crisis leaves no room for tax cuts or extra spending to spur an economyon the brink of stagnation. New Zealand's Prime Minister ...
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LatamWatch: Brazil Fin Min to Discuss Europe Aid w/BRICS in DC
MNI News
Capital flight is expected to continue rising ahead of the election and on concerns of a globalfinancial crisis. It surged to $3 billion in August from an average of $2 billion a month in the second quarter, $1.2 billion in the first quarter, ...
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Analysis: Bank woes could stymie France's recovery
Reuters
Its lenders were until recently the envy of their European peers as they weathered thefinancial crisis without massive losses or nationalisations. But while Britain and Switzerland demanded their big banks beef up capital buffers quickly after the ...
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Reuters
Misperceptions and clichés about economy – I
Frontier Post
But credit expansion through credit cards and injudicious extending of loans by banks is tantamount to creating money. And in economic terms 'when a lot of money chases a few goods', the result is inflation. This credit expansion, however, ...
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Why It's Not Irrational to Buy Gold
Resource Investor
Amid this miserable financial crisis, choosing to buy gold doesn't mean you're going mad. Owing to late-2011's utterly miserable economic outlook, there are now more bullish gold-price forecasts to choose from than Heinz varieties. ...
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Commentary: Shadow banking sparks new worries
MarketWatch
By Craig Stephen HONG KONG (MarketWatch) — Three years ago, China's banks were widely applauded as they lent their way out of the last financial crisis, hauling much of the world with them. But now with these loans coming due and interest rates on the ...
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As the 1942 Beveridge report said: in a crisis, be revolutionary
The Guardian
The response to the financial and economic crisis of the past four years has – with the brief exception of the collective action of the G20 in the winter of 2008-09 – been a classic case of "patching" in the hope that there can be a return to business ...
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Even the smart money is flummoxed by this economy
The Associated Press
Confusion about the economy is one reason the stock market is the most volatile it's been since the peak of the financial crisis in 2008. The Dow Jones industrial average rose or fell by more than 100 points 16 times in August, a rate that comes to two ...
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Brazilian President Blames US Financial Crisis on Obama's Lack of Political Will
Brazzil Magazine
For Dilma Rousseff, the president of Brazil, the financial crisis in the United States, which is contaminating the rest of the world, is more 'political' than economic and it's not only a matter ofmoney, but also and mainly of 'strong decisions. ...
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France's Fin Min: We Must Aid Greece To Save The Euro
MNI News
If the EU finance ministers meeting this weekend in Poland took no action, it was because there has been a delay in the joint report of the EU, the IMF and the ECB on Athens' progress in cutting its deficits, Baroin explained in a radio interview. ...
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'Incredible opportunities' for investors right now: Analyst
Moneycontrol.com
Since then, her opinions draw strong market attention as she has become a cultural touchstone from the financial crisis era. But in remarks at the Delivering Alpha conference run by CNBC and Institutional Investor, Whitney said the currenteconomic ...
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Moneycontrol.com
Financial sponsors who's who
The Daily Deal
Description: Deutsche Bank AG's financial sponsors group went from being leveragedfinance-centric five years ago to a more broad-based strategy. Regularly involved in the largest sponsor-backed IPOs and led the first sponsor-backed, post-crisis IPO ...
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The Daily Deal
US, Europe Inaction on Debt Raises Risk, South Africa Says
BusinessWeek
18 (Bloomberg) -- Political inaction in the US and European Union in tackling debt crises has increased “uncertainty” and risks for the global economy, South African Finance Minister Pravin Gordhan said. “There is a serious crisis we confront today, ...
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Kuwait's NBK and KFH deny derivatives trading
Arab News
By REUTERS KUWAIT CITY: Kuwait's biggest lenders National Bank of Kuwait and Kuwait FinanceHouse have denied reports that they were putting customers' money at risk by trading in derivatives. Kuwaiti daily newspaper Al-Seyassah said earlier in a ...
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Banking bailout was a success, TARP executive says
NOLA.com
By Rebecca Mowbray, The Times-Picayune The federal government was able to halt the cascading 2008 financial crisis by acting with "overwhelming force and speed," and regulatory reforms enacted over the past three years have given economicpolicymakers ...
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NOLA.com
Piggy in the middle
Fundweb
More recently, a report by Fitch Ratings said American money market funds were pulling money out of European banks, and that exposure was the lowest it had been since the 2008 financial crisis. The report said that holdings of European bank debt by ...
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Fundweb
Banking, realty stocks slide
India Infoline.com
US and European countries have near-zero interest rates in a bid to support weak economic growth.Finance Minister Pranab Mukherjee on Tuesday, 13 September 2011, said central banks in emerging economies have been forced to raise interest rates ...
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Stocks: All eyes on Bernanke
CNN
The Federal Housing Finance Agency (FHFA) releases its July home price index after the start of trading. The Conference Board's index of leading economic indicators is due in the morning. The index is expected to have risen 0.1% in August after having ...
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Republican candidates Castor, Brown float fiscal reform measures (video)
The Times Herald
Though Castor blamed the commissioners for the county's economic woes, Matthews has insisted in recent weeks the government's financial condition was fine. “What has happened is from, literally the first day, I have said the county was spending far ...
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