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| Europe crisis shadows meeting of finance officials The Associated Press And she said European banks need to boost their capital reserves to prepare for potential loan defaults — an issue that the IMF's new economic forecast also raised. In the end, analysts expect this week's meetings to produce little progress beyond the ... See all stories on this topic » | ||
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| PREVIEW-Europe to face G20 heat on euro crisis response Reuters [ID:nLDE78I058] This would help rebalance global growth, the EU said -- a key agenda item for the G20 since it emerged as the premier economic policy forum during the 2007-2009 financial crisis. Canadian Finance Minister Jim Flaherty on Tuesday ... See all stories on this topic » | ||
| UK may have to delay cuts, says IMF Telegraph.co.uk Today will be a crucial day on financial markets with the US Federal Reserve expected to announce a second round of quantitative easing, effectively printing money to pump into the economy. Greece is also in the final stages of negotiating the terms of ... See all stories on this topic » | ||
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| IMF sharply downgrades outlook for U.S., Europe Detroit Free Press Financial turmoil and slow growth are feeding on each other in the US and Europe, IMF officials say. Europe's debt crisis is causing banks to reduce lending and hold onto cash. Sharp stock market drops in the US over the summer have hurt consumer and ... See all stories on this topic » | ||
| Gonged Swan sets sights on world's woes ABC Online Overnight the magazine Euromoney nominated Mr Swan as the world's best Finance Minister, citing his stewardship of the Australian economy during and after the global financial crisis. But the award comes as the IMF downgrades growth forecasts for the ... See all stories on this topic » | ||
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| Debt Crisis Infects Companies via Bank Loan Costs: Euro Credit BusinessWeek 14 that Spain might miss its 1.3 percent growth target this year because of the “situation of financialtension and economic uncertainty, mainly because of Greece.” Banks, meantime, are struggling to sell bonds. The last benchmark-sized issue of 1 ... See all stories on this topic » | ||
| European Banks' Exposure to Greek Debt Erodes Market Confidence Voice of America Adrian Blundell-Wignall, special financial markets advisor for the secretary general of the Organization for Economic Cooperation and Development, says US authorities moved swiftly and forcefully to tackle their own banking crisis three years ago - and ... See all stories on this topic » | ||
| EU Is Developing Economic Governance, Greece's Lambrinidis Says Bloomberg European countries and the US should consider taxing financial markets, which made “major miscalculations” that contributed to the global financial crisis in 2008, to provide revenue to narrow budget deficits, he said. “It's very difficult to close ... See all stories on this topic » | ||
| A history of extreme money FinanceAsia Das describes this financially engineered wealth as “extreme money”, which is quite distinct from the real economy of goods and services that people pay for with cash. The legacy of the financial crisis, he says, will be the long, slow unwinding of ... See all stories on this topic » | ||
| Swedish Budget Seeks Shelter From Debt Crisis Wall Street Journal By CHARLES DUXBURY STOCKHOLM—Sweden's finance minister on Tuesday proposed a balanced budget for 2012 that sought to protect the country's economy from Europe's sovereign-debtcrisis, mixing cuts to value-added taxes with infrastructure investments ... See all stories on this topic » | ||
| Egypt T-bill yields surge, foreign cash may be needed Reuters "The deficit is increasing and there is no money coming in. It seems they are looking at the IMF and the World Bank again, after they said they rejected the initial loan," the trader said. FinanceMinister Hazem el-Beblawi told Reuters on Monday that ... See all stories on this topic » | ||
| The IMF cut its forecasts for global growth to 4% FXstreet.com The German ZEW economic sentiment indicator fell this month to its lowest level since December 2008 as the debt crisis and global slowdown dampened the outlook for growth. Today, the eco calendar contains the UK public finance data and US existing home ... See all stories on this topic » | ||
| Swiss Franc Weakens on Cap Speculation; Dollar Falls After IMF San Francisco Chronicle Greece's Finance Ministry described the talks with as "productive and substantive" yesterday. "These days, when it's not downright negative, it's seen as positive," said Geoff Kendrick, head of European currency strategy at Nomura International Plc in ... See all stories on this topic » | ||
| Botox Bailouts Lew Rockwell The article began with this accurate paragraph: "Three years after the collapse of Lehman Brothers, the world's financial system is sliding toward another major crisis." It pointed out that theeconomic recovery in Europe is on the line. ... See all stories on this topic » | ||
| Israel May Hold Palestinian Tax Income on UN Statehood Bid, Steinitz Says Bloomberg 20 it would pay $200 million to the Palestinian Authority to help Fayyad out of a financial crisis that has left him struggling to pay his employees in a slowing $13 billion economy and reliant on foreign aid to narrow a budget deficit of about $1 ... See all stories on this topic » | ||
| Time to 'Twist'? Fed Meets This Week Fox Business "People aren't buying homes because they don't have confidence in their job security or financialstability. It's not that they think rates are too darn high," McBride says. Other stimulus options available to the central bank include reducing the ... See all stories on this topic » | ||
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| Bailout of Caribbean conglomerate may top $3 bln Reuters "The collapse of CL Financial has had a devastating impact on much of the Caribbean, and has been costly to governments, public and private pension schemes, bank and non-bank financialinstitutions and individuals," the IMF said in March. ... See all stories on this topic » | ||
| Act fast and decisively before eurozone crisis spreads Malaysia Star The kind of coordinated policy responses that were apparent during the financial crisis of 2009 might not be repeated but, at least, there should be some agreement between policymakers and governments and central banks in Europe to stem the problem ... See all stories on this topic » | ||
| No recession coming, ECB's room to move: Nowotny Reuters The IMF also said on Tuesday Europe's leaders were failing to act decisively enough to resolve thecrisis. Turning to the state of the banking system in the common currency bloc, Nowotny rejected arguments that banks were suffering from limited ... See all stories on this topic » | ||
| Japan's lost decade: still a risk for US economy Reuters India By 2006, Japanese growth had started to recover and interest rates to rise, though momentum dried up when the 2008 financial crisis hit. "It took Japan 15 years to recover because policy was applied in such a zig-zag fashion," he said. ... See all stories on this topic » | ||
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| The Very Important and of Course Blacklisted BIS Paper About the Crisis EconoMonitor (blog) The shortcomings of prevailing macro models include: an equilibrium assumption (by contrast,financial markets, which impact the real economy, have no propensity to equilibrium), no role for credit, banks, or even money (except sometimes in error ... See all stories on this topic » | ||
| Trichet urges EU banks to strengthen balance sheets Livemint Bank of China's halt on foreign exchange swaps with several European banks, as well as the ECB'smoney market operations, were the latest signs that debt and economic woes are threatening to spread to the financial sector. In an interview with Spanish ... See all stories on this topic » | ||
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| Treasuries Erase Drop as IMF Global Outlook Spurs Refuge Demand San Francisco Chronicle Greece said Finance Minister Evangelos Venizelos held "productive" discussions with European officials yesterday on the country's bailout. Prime Minister George Papandreou's government will hold another conference call today as European leaders debate ... See all stories on this topic » | ||
| Wilmers faults financial reform law istockAnalyst.com (press release) 20--WASHINGTON--In trying to fix a broken banking system in the wake of the financial crisis, Congress in some ways went too far while, more importantly, not going far enough. That's the message that Buffalobased M&T Bank Chairman and CEO Robert G. ... See all stories on this topic » | ||
| Rethinking Central Banking Wall Street Pit In the wake of the global financial crisis, there is an emerging consensus that the framework underpinning modern central banking – known as flexible inflation targeting – needs to be rethought. A monetary policy framework focusing on price stability ... See all stories on this topic » | ||
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| Money Growth, Inflation And the Economy Seeking Alpha M2 money growth is different from the much criticized explosive growth of the monetary base, which currently consists mostly of bank reserves (bank money held on deposit at the Federal Reserve), which are not circulating in the economy. ... See all stories on this topic » | ||
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| ECB chief calls for new reforms in Spain RTE.ie The Spanish economy plunged into recession in late 2008 as the global financial meltdown compounded a property bubble collapse. The economy steadied in 2010 and grew just 0.2% in the second quarter of 2011, not enough to make a dent in a towering ... See all stories on this topic » | ||
| Mortgages: time to fix in case the euro crisis turns nasty Citywire.co.uk Uncertainty in the eurozone over a default by Greece and the downgrading of Italian sovereign debt is starting to push up the rates at which the lenders finance home loans. 'If, or when, Greece defaults and comes out of the euro, the banks will be wary ... See all stories on this topic » | ||
| Tepco Bond Risk Surges on Edano Loan Waiver Call: Japan Credit BusinessWeek Overseas shipments increased 2.8 percent in August from the same month a year earlier, the first increase since the March 11 earthquake, according to a Ministry of Finance report from Tokyo today. The gain was slower than the lowest forecast of 22 ... See all stories on this topic » | ||
| Asian markets higher amid investor hopes of Federal Reserve acation Washington Post Japan's Nikkei 225 index was marginally higher at 8721.98 after the Finance Ministry released trade data showing the country's exports rose for the first time in six months. South Korea's Kospi gained 0.4 percent to 1845.09. Hong Kong's Hang Seng fell ... See all stories on this topic » | ||
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| US Ambassador: an open financial market helps China China.org.cn He also quoted Premier Wen Jiabao who identified in 2007 that the Chinese economy was "unstable, unbalanced, uncoordinated, and unsustainable." "China's challenges have accelerated in the past few years in the wake of the global financial crisis and ... See all stories on this topic » | ||
| Euro Zone Crisis Strengthens China's Hand Jakarta Globe If the European Union's management of its external economic relations — trade, investment,finance — is held hostage by an inability to reach a collective deal on public debt, the fundamental justification for the EU's existence will disappear. ... See all stories on this topic » | ||
| Cost for Converting Euro Payments to Dollars Rises Bloomberg The ECB said financial institutions increased overnight deposits. Banks parked 144.8 billion euros with the ECB yesterday, compared with 111.5 billion euros on Sept. 16 and 197.8 billion euros on Sept. 12, the Frankfurt-based lender said in data ... See all stories on this topic » | ||
| Bullion Vaults Run Out of Space as Gold Rallies: Commodities BusinessWeek Prices more than doubled since the end of 2007 as stock markets slumped, economies contracted and central banks and governments pumped more than $2 trillion into the global financial system. The metal rose 27 percent to $1800.10 this year as the MSCI ... See all stories on this topic » | ||
| After surplus in 2010, tax shortfall shows state's fiscal woes not over The News Journal But revenue and expenditure projections approved Monday by the Delaware Economic and Financial Advisory Council (DEFAC) show the state burning through the money by June 30, 2012, leaving a mere $32.1 million in cash on hand for the 2013 fiscal year. ... See all stories on this topic » |
| Eurozone Debt Crisis Threatens Banks, Rest of World: IMF ... By SiteOwner Republic Monetary Exchange News Blog ... "Should the periphery's debt crisis continue to propagate to core euro area economies, there could be significant disruption to global financial stability," theIMF said in its "World Economic Outlook." ... Republic Monetary Exchange News Blog |
| EU debt crisis: Italy downgraded as IMF cuts forecasts - as it ... By Graeme Wearden Standard and Poor's has questioned Italy's ability to cut state spending, strengthen its finances, and revive its struggling economy. ... The Greek government is racing to get its numbers right, by the timefinance minister Evangelos Venizelos holds a second round of emergency talks with representatives of the EU, IMF and ECB this evening (at 6pm BST). More from ... 2.28pm: More bad news for Italy - the IMF has slashed its Italian growth forecasts to 0.6% in 2011 (down from 1%). ... Blogposts | guardian.co.uk |
| IMF Lowers Economic Outlook, Warns Of Danger Ahead - Money ... NEW YORK (CNNMoney) -- The International Monetary Fund lowered its global growth outlook, warning that "the global economy is in a dangerous new phase." ... Tuesday, September 20, 2011. TurnTo23.com - National News Headlines |
| Eurozone crisis: US taxpayers could be forced to foot the bill if Fed's ... MailOnline - news, sport, celebrity, science and health stories ... This, along with the IMF's strongfinancial resources, provides further assurance that ... However, the central bank bailout of the dollar money markets does nothing to cure the ... Slump: The economic crisis will dominate talks between U.S. Treasury Secretary ... www.dailymail.co.uk/.../Eurozone-crisis-US-taxpayers-forced-... |
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