FINANCIAL News, Money, Banks, Economic and Financial Crisis, Oct 26, 2011

US will lack muscle at eurozone crisis meeting Kansas City Star Brazil, uneasy about being asked to bail out a rich nation, insists that any of itsmoney be administered through the IMF, as was the case during the Latin American debt crises of the 1980s and '90s. When finance ministers from the G-20 nations met in ... See all stories on this topic »

Towards a multi-polar international monetary system Malaysia Star Currently, the IMF cannot fulfill the disciplinary role against the large shareholders nor can it create credit sufficiently to help resolve the growing financial crises.IMF resources are roughly US$400bil and it would have to be increased by a factor... See all stories on this topic »

Five ways the European debt crisis could affect the US USA Today For Obama, the US financial crisis that preceded his election set the stage for three years of economic volatility. But at least in 2009, he took office with a mandate from the voters, a Democratic majority in Congress to push through his economic ... See all stories on this topic » USA Today

Europe Eyes IMF Channel for Aid as China Mulls Contribution San Francisco Chronicle Oct. 28 (Bloomberg) -- European officials are studying the potential for an International Monetary Fund channel for money for their enlarged rescue fund, as China considers contributing to ending the area's sovereign-debt crisis. The European Financial ... See all stories on this topic »

G20 leaders prepare for Cannes amid fears of Nightmare on Growth Street II The Guardian The recovery started well, but gradually petered out as it became clear that the banks' difficulties ran deeper than feared and the problem of over-indebtedness at the root of the financial crisis had not really been solved. Rather large chunks of the ... See all stories on this topic » The Guardian

Angola Central Bank Sets First Benchmark Rate at 10.5% BusinessWeek “Considering the performance of economic activity at the national level, financialindicators should be monitored with caution so that the money supply remains at appropriate levels,” the Luanda-based Banco Nacional de Angola said in an e-mailed ... See all stories on this topic »

Italy Pays Higher Yields at Debt Sale Wall Street Journal The wan response from bond markets underscores how challenging it will be for European leaders to convince financial markets that Thursday's broad agreement is sweeping enough to enable troubled countries such as Italy and Spain to work their way out ... See all stories on this topic »

Euro could fall further ahead of ECB meeting Reuters Another factor that is likely to matter for the euro next week is a summit of finance ministers and central bankers of the Group of 20 countries. This week's EU meeting produced an agreement that lacked substantive details and analysts said the G20 ... See all stories on this topic » Reuters

Yen Record After BOJ Move May Encourage Japan to Aid Europe San Francisco Chronicle European officials have said that the European Financial Stability Facility will be used to insure bond sales and create a special investment vehicle that would court outside money, from public and private financial institutions and investors. ... See all stories on this topic »

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