Today: FINANCIAL News, Money, Banks, Economic and Financial Crisis, Oct 05, 2011

Search

ALS, Alexander Language Schools Franchise


Oct 5, 2011

FINANCIAL News, Money, Banks, Economic and Financial Crisis, Oct 05, 2011


Debt crisis: as it happened - October 4, 2011
Telegraph.co.uk
Greek finance minister Evangelos Venizelos said Greece can pay its bills until the delayed troika bail-out decision. Photo: EPA European Central Bank member Christian Noyer, pictures with IMF chief Christine Legard, said on Monday it is unrealistic to ...
See all stories on this topic »

Telegraph.co.uk
In Europe, Signs of 2nd Recession With Wide Reach
New York Times
“The euro crisis and the financial crisis linked to the debt of European countries is serious,” said Mr. Leydier, whose box and paper manufacturing firm, Emin Leydier, inLyon, often provides an early signal of seismic shifts in economic activity. ...
See all stories on this topic »

New York Times
Central bankers increase growth prediction
Irish Independent
Mr Noonan dismissed suggestions that the crisis at Dexia could trigger a domino effect that would reach Irish financial institutions. "It's a Franco-Belgian issue, it's nothing to do with the Irish situation," he said. Meanwhile, European Central Bank ...
See all stories on this topic »
No New Marshall Plan For Europe From US: Citi Advisor
CNBC.com
He called on Christine Lagarde, the former French Finance Minister who took over as managing director of the IMF in the wake of Dominique Strauss-Kahn's departure to take more of a leadership role in the euro zone debt crisis. "The IMF has people and ...
See all stories on this topic »

CNBC.com
Financial News: Hedge Funds Poised For Worst Quarter Since '08
Wall Street Journal
By Harriet Agnew Of FINANCIAL NEWS Hedge funds are poised to deliver their worst quarterly performance in almost three years after grappling with market volatility, driven by the escalating sovereign debt crisis, economic weakness in the US and ...
See all stories on this topic »
Geithner Says Banks Are Trying to Weaken Financial Overhaul
BusinessWeek
... risk from the European debt crisis and he is concerned about the impact on American financialinstitutions and the economy. He added that the direct risk to US banks is “not large” with somewhat larger exposures in money market mutual funds. ...
See all stories on this topic »
Shares tumble towards 'bear market' territory amid European banking crisis fears
This is Money
Following crunch talks in Luxembourg last night, Olli Rehn, European commissioner foreconomic affairs, said banks need to raise extra cash to shield themselves from thecrisis. EU leaders agreed that not enough has been done to convince financial ...
See all stories on this topic »

This is Money
Viewpoint: Why bailouts are bad
BBC News
They had just passed a bill allowing them to provide hundreds of billions of euros for the European Financial Stability Fund (EFSF) - a fund used to "bail out" eurozone governments that cannot pay their debts. From their delighted smiles, ...
See all stories on this topic »

BBC News
Indian banks look safe now, but for how long?
Economic Times
However, it is instructive to consider both the likely impact of the current financial crisis on the Indian economy and the knock-on effect for the banking sector. Of course, there exists a direct correlation between the effects of recession and the ...
See all stories on this topic »
Take Greece with a pinch of scepticism, says Subodh Kumar
Moneycontrol.com
Q: There is some fear now that Greek sovereign debt issue may now turn into a full blown financialmarket or banking crisis. What is your assessment of how grave things could get from here? A: On the Greek financial situation front, the IMF and the ECB ...
See all stories on this topic »
Flaherty 'confident' about Canada, but markets still fall
Hamilton Spectator
And the central bank chief expressed some empathy with protesters who have marched on Wall Street and in other cities in recent days complaining about the role of big financial institutions in creating the current economic mess. ...
See all stories on this topic »
Asian markets mixed after Wall Street rally
Economic Times
Italy, along with Spain, is another economy many fear could be in need of bailout cash. The negative outlook, which suggests a further downgrade in the near future, "reflects ongoing economic and financial risks in Italy and in the euro area," the ...
See all stories on this topic »
Africa: New Economic Crisis On the Way
AllAfrica.com
Dr Charles Soludo, former Governor of the Central Bank of Nigeria and a member of the South Centre Board, told the Conference that developing countries must prepare now for the next financial crisis. He also gave three scenarios of how policy makers ...
See all stories on this topic »
Bernanke warns recovery 'close to faltering'
Forbes
By MARTIN CRUTSINGER and CHRISTOPHER S. RUGABER , 10.04.11, 06:04 PM EDT Europehas a debt crisis. America has a jobs crisis. Corporate profits could be in trouble. World financialmarkets are in turmoil. And no one seems prepared to ride to the rescue ...
See all stories on this topic »
CRISIS WATCH: We are getting closer
The Moscow Times (blog)
As we said in our note last week, liquidity is drying up in the Russian financial markets due to the fear and even if Greece doesn't blow up in two weeks time these nerves are doing an increasing amount of damage to the Russian economy despite the fact ...
See all stories on this topic »
Don't clamor for a euro rescue; demand a breakup
MarketWatch
The euro zone has to stump up more money for the bailouts, and move to fiscal union. It needs more firepower. Nothing else can put an end to the drama. What the financial experts think and say matters. The crisis is largely being driven by the markets, ...
See all stories on this topic »
Fed Taps Two Canadian Banks as Primary Dealers
Wall Street Journal
The Fed's balance sheet has surged to $2.85 trillion from less than $900 billion shortly before the 2008 financial crisis. Some analysts say the central bank needs a larger primary-dealer group to handle the large amount of money that will need to be ...
See all stories on this topic »
Courting Disaster: Eight Addictions Preventing Greece's Economic Recovery
Huffington Post
At an IMF panel discussion on Europe held in Washington, DC this past weekend, Gao Xiqing, president of the state-owned China Investment Corporation argued that the current financial crisisshows the shortcomings of western-style democracy and culture ...
See all stories on this topic »
Greek crisis: the blood-letting goes on
The Guardian (blog)
Blood-letting was once a common medical practice - but while medical science has moved on, economics has not. Photograph: Bettmann/Corbis Another day, another day of mayhem in the financial markets. Shares across Europe are taking a thumping, ...
See all stories on this topic »

The Guardian (blog)
UK says euro zone must leverage up bailout fund
Reuters
Osborne, back from a meeting of European Union finance ministers in Luxembourg, said euro zone governments had been behind the curve and had not done enough to convince markets they had enough financial firepower to deal with the bloc's debt crisis. ...
See all stories on this topic »
Cameron tells Britons austerity solution to crisis
Reuters
Finance minister George Osborne floated a plan on Monday to ease the flow of funding to small businesses which are struggling to get funds. The Bank of England may also decide on Thursday to create more money electronically, so-called quantitative ...
See all stories on this topic »
India Stock Futures Swing Between Gains, Losses on Debt, Rupee
BusinessWeek
State Bank of India, the nation's largest, fell to a two-year low after Moody's Investors Service cut the rating on its financial strength, citing deteriorating asset quality. The rupee lost 6 percent in September, its sharpest monthly drop in three ...
See all stories on this topic »
Wednesday Newspaper Review - Irish Business News and International Stories ...
FinFacts Ireland
The question of how long banks should give indebted businesses to reverse their fortunes has been contentious since the financial crisis began. Mr Fee's letter makes it clear that defining what a business in difficulty actually means remains vitally ...
See all stories on this topic »

FinFacts Ireland
Honeymoon Over as Euro Loses Gloss for Slovaks Bemoaning Greeks
Bloomberg
The risk for the euro region is that dissent in smaller countries will derail further efforts by governments to improve the workings of the currency bloc and stop the crisis. While Slovak FinanceMinister Ivan Miklos said he hopes parliament will pass ...
See all stories on this topic »
American Dollar Surges Along With Treasuries Defying Debt Downgrade by S&P
Bloomberg
“Their action was too political,” Chris Rupkey, chief financial economist of Bank of Tokyo-Mitsubishi UFJ Ltd. in New York, said in a telephone interview on Oct. 3. “Normally if there's a downgrade, yields on the sovereign debt tend to go up. ...
See all stories on this topic »
Banks defend debit-card fees amid pressure from Washington
Washington Post
The controversy has weighed on Bank of America, which is grappling with bad loans and lawsuits stemming from shoddy mortgages. On Monday, the bank's stock fell below $6 for the first time since the financial crisis in 2009. Shares again fell Tuesday, ...
See all stories on this topic »

Surrender the Heart (Surrender to Destiny)Alexander Dictionary of English Idioms: English-FrenchAlexander Dictionary of English Idioms: English-SwedishUnder the SunStealing Jake
Enhanced by Zemanta

No comments: