Mervyn King: time 'running out' to solve world economy crisisTelegraph.co.uk
Western governments have responded to the recent financial crisis and sloweconomic growth by trying to inject more money into their economies. Most of the stimulus measures, including record low interest rates, quantitative easing or printing new ...
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Telegraph.co.uk
| Debt crisis: as it happened - October 18, 2011 Telegraph.co.uk 18.01 Japanese newspaper Nikkei is reporting that the Japanese government and Bankof Japan will join forces to form team 'weaken yen'. The newspaper said proposed measures would include financial assistance to small and midsize businesses, ... See all stories on this topic » |  Telegraph.co.uk |
Goldman Sachs sees losses for first time since financial crisis
Los Angeles Times
Goldman Sachs lost money in the last quarter -– the first time it has experienced a quarterly loss since the financial crisis. Goldman, the most storied and envied Wall Street firm, saw nearly all of its revenue streams hit by the volatile markets and ...
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Fed: Crisis alters central-bank focus
AZ Central.com
by Neil Irwin - Oct. 18, 2011 06:02 PM WASHINGTON - Federal Reserve Chairman Ben Bernanke said Tuesday that he is more open to using the Fed's interest-rate policies to combat financialbubbles, arguing that in the wake of the economic crisis, ...
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| Is a Greek default inevitable? CNN International If banks are forced to take this hit, it could have global economic consequences similar to those seen in the financial crisis that followed the collapse of Lehman Brothers in 2008. Investors would also begin looking at which other countries are facing... See all stories on this topic » |  CNN International |
The IMF should pull the plug on the euro
MarketWatch
By Matthew Lynn LONDON (MarketWatch) — Every financial crisis in the end boils down to one very simple question. Who pays? The euro /quotes/zigman/4867933/sampled EURUSD +0.3103% debacle has now reached that point. After the G-20 summit in Paris last ...
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Ghost of Lehman Brothers haunts European politicians and bankers
Washington Post
The failure of that Wall Street investment bank in the late summer of 2008 turned what had been largely a domestic financial crisis in the United States into a global emergency that tripped up the world economy, including that of Europe. ...
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INSIGHT-Doomsday hedging pushes China markets to extremes
Reuters
Chinese markets have been pushed to absurd levels that are hard to justify unless a majoreconomic and financial crisis occurs in the country, some investors say. And there is little evidence to suggest such a crisis is going to happen. ...
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'Severe risks' in culture of thrift
The Australian
According to Australian Prudential Regulation Authority figures, banks now hold $1.4 trillion worth of deposits from Australian households and companies, up from less than $1 trillion in 2007 before thefinancial crisis. Households now have more than ...
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| G-20 meet skirts key issues Hindu Business Line Besides, unlike India's stimulus programme, the actions of the US Treasury bailed out the financial firms and banks that had set the meltdown into motion in the first place. The Obama stimulus for the economy was not been enough to get the economy back... See all stories on this topic » |  Hindu Business Line |
Chicago Booth/Kellogg School Financial Trust Index: Report Finds Grim Outlook ...
MarketWatch (press release)
Also, nearly 60 percent of respondents in our survey said they are angry or very angry about the current economic situation - the highest level of anger we've found since the earliest months of thefinancial crisis," said Luigi Zingales, the Robert R. ...
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Explaining Wall Street, recessions and the economic crisis to kids
Washington Post
So what does that have to do with the economy? Wall Street is one small street in New York City, but it refers to the biggest banks and other financial firms. (In the old days, the financial firms were located in and around Wall Street, but now they're ...
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Bank Puts Drop Most in S&P 500 as Profits Cut Pessimism: Options
BusinessWeek
Results from Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co. are reducing pessimism after concern Europe's debt crisis would spread sent price-to-book ratios on financialcompanies to the lowest level since April 2009. ...
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Is China Due For Its Version Of A Subprime Crisis?
Seeking Alpha
IMF data show that the price to income ratio for housing is 20 in Beijing, and 14 in Shanghai and Huangzhou, triple the levels in US cities during the subprime bubble. The head of China's International Finance Forum calls the central bank's tightening ...
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Simplistic arguments abound over protests
StarPhoenix
Canadian Finance Minister Jim Flaherty, for example, implored European leaders - again - to come up with more than a "plan for a plan" and not seek financial aid from the IMF. In the United States, a recent New York Times headline read, No Jobs and No ...
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The Greeks deserve a break
Owen Sound Sun Times
Politicians and financial experts who hold the power in the United States to exercise control over the government's finances are using the European financial crisis, in particular the Greek debt situation as an excuse and reason for the current ...
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Hopes of Big Deal in Europe, Then Denials
New York Times
Finance officials want to have something in place before their bosses — the presidents and prime ministers of the Group of 20 industrialized nations — gather Nov. 3 and 4 in Cannes, France, to discuss the economic and financial problems that now ...
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The U.S. Economy Will Continue To Grow
Seeking Alpha
I believe, as I have written before, that the United States economy is recovering and will continue to recover. However, I also believe that “financial crises are protracted affairs.” (Reinhart and Rogoff, “This Time is Different”, page 224. ...
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Stocks, Euro Gain on Europe Outlook; US Futures Drop on Apple
BusinessWeek
The shared currency appreciated yesterday after the Guardian said Germany and France agreed before a weekend summit to boost the 440-billion euro ($604 billion) European Financial Stability Facility to 2 trillion euros. The two nations are also in ...
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Norway May Push Back Rate Increases as Crisis Threatens Growth
BusinessWeek
The government this month pledged to increase spending of oil money next year to guard against a slowdown. Finance Minister Sigbjoern Johnsen cut the 2011 growth forecast for the mainlandeconomy, which excludes oil, gas and shipping, to 2.8 percent ...
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Heavy Is the Head That Wears Crown
Wall Street Journal
Citigroup Inc. lost its position as biggest financial institution in the world by assets last decade when it lost its focus on US consumer banking and loaded up on toxic mortgage-backed securities in the run-up to the 2008 economic crisis. ...
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Australian banks 'strong' amid Europe woes
ABC Online
By finance reporter Sue Lannin Borrowing costs for European banks have risen sharply this year amid the sovereign debt crisis, but it was unclear how Australian banks would be affected, a senior Reserve Bank of Australia (RBA) official has said. ...
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ECB's Stark: Give up budget sovereignty
BusinessWeek
EU and national officials are working on an immediate solution involving possible debt reduction forGreece and putting money into banks to buffer them from losses. The goal is to keep the crisis from spreading to countries such as Italy that are too ...
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A look back: Wall Street in turmoil
Washington Post
Japan's Nikkei share average rose 3.8 percent on Friday, rebounding from a three-year closing low hit the previous day, on hopes for a more comprehensive solution to the financial crisis that has roiled markets worldwide. Japan's Nikkei share average ...
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| IMF Warns Australia as Economy Begins to Pick up Pace International Business Times AU The warning came in a briefing to finance ministers and central bank governors attending last weekend's G20 meeting, which also contained a warning that some of the leading contributors to the Great Depression in the 1930s - namely reduced spending by ... See all stories on this topic » |  International Business Times AU |
| Greater Cleveland banks expected to report sluggish financial results Plain Dealer While the health of banks nationally and locally is continuing to improve, the stalledeconomy and low interest rates are squeezing lending and profits. The first of this region's big banks, PNC Financial Services, will release its third-quarter ... See all stories on this topic » |  Plain Dealer |
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