Euro zone finds no new money for debt crisis at G20 Reuters "The crisis in Europe is causing a global systemic crisis including Asia. Rather than creating a new global framework, everyone is expecting the IMF to become more proactive," Japanese Finance Minister Jun Azumi said. "The focus of debate is how to set ... See all stories on this topic » | ||
G-20 summit ends without final bailout plan for Europe MiamiHerald.com Brazil would like any investment it makes to come through the International Monetary Fund, but it also wants more say on IMF matters. China, wary of anything that would give the United States or Europe a say over how Chinese money is spent, ... See all stories on this topic » | ||
Ireland Plans 12.4 Billion Euros of Austerity Through 2015 BusinessWeek There is “no easy path forward,” Finance Minister Michael Noonan said in Dublin today as he published the government's Medium-Term Fiscal Statement. He is planning a 3.8 billion-euro adjustment in 2012 after a 6 billion-euro budget in 2011. ... See all stories on this topic » | ||
G-20 falters with limp IMF offer for Europe Beloit Daily News Until two years ago, the IMF _ dominated by the traditional powers in Europe and the US _ mostly applied the painful adjustment programs that are attached to its financiallifelines to poor and emerging economies in Asia, Latin America and Africa. ... See all stories on this topic » | ||
G-20 Fails to Agree on IMF Resources as Europe Urged to Act BusinessWeek “The job of the IMF is to help countries in distress, not to support currency systems.” The refusal of major economies to stump up money now reflected irritation with Europe's failure to resolve its crisis alone and foiled investor hopes that the ... See all stories on this topic » | ||
Carney Named to Head Financial Stability Board, G-20 Says BusinessWeek The Canadian financial system that Carney helps oversee largely escaped the lastfinancial crisis and has been ranked the world's soundest by the Geneva-based WorldEconomic Forum. The country's three largest banks -- Royal Bank of Canada, ... See all stories on this topic » | ||
Economic Insights From A Lord Of Finance Seeking Alpha DAVID: On the topic of growth and trying to get money in the system, you're afinancial guy, so maybe you can explain the tremendous amount of money sitting on deposit at the Fed earning almost no interest, but enough, apparently, to keep thebanks ... See all stories on this topic » | ||
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Stocks, Euro, Italian Bonds Retreat Amid G-20's IMF Disagreement BusinessWeek Financial shares fell 1.9 percent as a group to lead losses among all 10 industries in the index today, with JPMorgan Chase & Co., Bank of America Corp. and Berkshire Hathaway Inc. dropping more than 2 percent. Groupon Inc. shares surged as much as 56 ... See all stories on this topic » | ||
With Europe in crisis and China sitting on massive reserves, Hu's laughing now The Australian Since then China has been pushing for a bigger role in world affairs, particularly in globalfinancial institutions such as the International Monetary Fund and the World Bank. Now it has a chance to extract other concessions from a weaker Europe. ... See all stories on this topic » | ||
Occupy Wall Street From a Human Rights Lens Huffington Post (blog) With the financial meltdown, the Federal Reserve took unprecedented steps to support the financial sector. The Federal Reserve (or Fed) is the central bank of the US and therefore plays an important role in regulating and influencing the economy. ... See all stories on this topic » | ||
Economic travails worst in three decades, laments Bank of America boss The Australian Picture: Alan Pryke Source: The Australian BANK of America-Merrill Lynch's Australian chief executive, Craig Drummond, has labelled the financial storm engulfing the world as the worst in his nearly three decades in financial markets. ... See all stories on this topic » | ||
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Draghi Chooses Rates Over Printing Press as Recession Looms BusinessWeek Draghi was under pressure to step up the ECB's bond purchases to stop the two-year-old debt crisis spreading to Italy, the region's third-largest economy. Irish FinanceMinister Michael Noonan called on the ECB to use a “wall of money” to halt ... See all stories on this topic » | ||
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Africa: The Human Capital Telescope - First Global Economic Crisis AllAfrica.com The Chinese do not have similar problems because their money is supported by sweat. The 2008 global economic crisis was triggered by 'sweat-less' money. The Americanbanks gave people cheap housing loans which did not resemble the financial strength of ... See all stories on this topic » | ||
Euro crisis takes down Wall St star Ninemsn It was a hard takedown for the aggressive veteran of US high finance, who took over the company in 2010 with hopes of building it into a Wall Street investment banking power like his former employer Goldman Sachs. Corzine, 64, shot up through Goldman's ... See all stories on this topic » | ||
Standing up to financial juggernauts Albany Times Union State Attorney General Eric Schneiderman has gained considerable attention -- and praise from liberal groups -- for his investigations of the actions of major banks in the run-up to the foreclosure crisis and financial collapse of 2008. ... See all stories on this topic » | ||
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We return now to the continuing crisis ... Sydney Morning Herald This latest package also includes euro countries stumping up hundreds of billions to beef up the euro zone's rescue fund - the European Financial Stability Facility - to €1 trillion, up from an original €440 billion. How did the shining jewel of the ... See all stories on this topic » | ||
Kampeter Says 'Exceptional' German Growth Boosts Tax Revenue BusinessWeek Growth in German tax revenue accelerated in September, led by tax collection at the federal level, the Finance Ministry said Oct. 21, cautioning that the outlook for theeconomy has clouded. The European Central Bank unexpectedly cut interest rates ... See all stories on this topic » | ||
Analysis: United States gets reprieve to deal with deficit Reuters Still, ratings agencies are unlikely to further downgrade the United States in the next few months -- unless the economy falls off a cliff, possibly as a result of a globalfinancial disaster. Moody's Investors Service, which has a negative outlook on ... See all stories on this topic » | ||
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White House Conducts Press Briefing, Nov. 3 Insurance News Net (press release) And their capital buffers have doubled relative to where they were in the crisis. And it's precisely to guard against shocks from financial markets that we led this effort to ensure that our banks would be carrying much thicker capital cushions, ... See all stories on this topic » | ||
G-20 Fails to Agree on IMF Resources as Europe Urged to Act BusinessWeek “The job of the IMF is to help countries in distress, not to support currency systems.” The reluctance of major economies to immediately stump up money reflects frustration with Europe's failure to end the turmoil as it flares again. ... See all stories on this topic » | ||
RBS Warns of Tough Recovery Wall Street Journal Chief Financial Officer Bruce Van Saun said the bank is planning for all possible outcomes in the Greek political crisis that could scupper the European Union's current plan to improve the financial health of the 27-country bloc and restore investor ... See all stories on this topic » | ||
How Populist Outrage Gave Birth to the Federal Reserve: Echoes Bloomberg Even with the terrible economic conditions we've seen in the past few years, it's difficult today to comprehend the precarious state of business and personal finance in those days. Not only was there no central bank to restrain economic swings, ... See all stories on this topic » | ||
Euro Bailout Requires 'Wall of Money,' Weinberg Says: Tom Keene BusinessWeek The $700 billion Troubled Asset Relief Program, which the US employed to recapitalizebanks during the financial crisis, was successful because it was a commitment of cash, according to Weinberg. “TARP wasn'ta series of pledges and guarantees,” said ... See all stories on this topic » | ||
"Building our common future: Renewed collective action for the benefit of all" EMportal We have tasked International organizations (IMF, OECD, ILO, World Bank) to report toFinance Ministers on a global employment outlook and how our economic reform agenda under the G20 Framework will contribute to job creation. 4. ... See all stories on this topic » | ||
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Russia's EU chaos campaign Business Spectator Russian President Dmitri Medvedev is embarking on several trips to Europe over the next month in order to shape Russia's position on the continent, which is undergoing a sharp redefinition during Europe's ongoing financial crisis. ... See all stories on this topic » | ||
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Our Founder, Tom Kremer, Considers the Inexact Art of Economics in the ... Huffington Post UK (blog) The credit crunch, such a prominent feature of the crisis, is characterised by fear. A fear that is holding financial markets in its grip, slowing down the movement of moneyand making loans of all sorts so hard to come by. This is a real conundrum. ... See all stories on this topic » | ||
Remittances Show Peso Rebound May Fuel Debt Rally: Mexico Credit BusinessWeek The US economy will grow 1.7 percent this year, compared with 3 percent in 2010, according to the median estimate of 80 analysts surveyed by Bloomberg. Mexico's expansion will slow to 4 percent this year from 5.4 percent in 2010, the FinanceMinistry ... See all stories on this topic » | ||
How to profit from the Fed's inaction MarketWatch The central bank is waiting for a sign that the economy is out of danger before raising rates — and it'll be waiting for a long time. The debt crisis in Europe weighs on the market, unemployment remains high, housing remains brutalized and consumers ... See all stories on this topic » | ||
'Like G-20 Didn't Happen': Greek Crisis Overshadows Summit PBS NewsHour Greece has only 350 billion, and after the bank cut 250 billion. So, the IMF, you know, after all, it's being run by a former French finance minister. It wants to play a bigger role in Europe, but the Americans don't really want to go back to Congress ... See all stories on this topic » | ||
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Bank exodus from sovereign debt quickens Reuters India Regulators have encouraged banks since the 2007/08 financial crisis to increase their holdings of liquid assets such as government bonds and cash, so they could withstand at least a 30-day funding crisis. The European Central Bank is likely to be by ... See all stories on this topic » |
Obama confident Europe will fix financial crisis « News Hub Today By NewsHubToday In a historical turnaround, European leaders had hoped to use the summit to get big developing countries like China to help with money to stem the debt crisis that has rocked the eurozone for the past two years and threatens to push the world ... to boost the firepower of their bailout fund to as much as €1 trillion ($1.4 trillion). A stronger bailout fund is crucial because it would protect large economies like Italy and Spain, which are too big to be rescued, from needing financial aid. : News ... News Hub Today |
G20: Eurozone gets no new money | Economy | News | Financial Post The eurozone won verbal support but no new money at a G20 summit on Friday for its tortured efforts to overcome a sovereign debt crisis, while Italy was effectively placed under IMF supervision. FP Top Stories List |
Debt crisis: live - Telegraph http://www.telegraph.co.uk/finance/financialcrisis/8846201/Debt-crisis-live.html? service=artBody ... 17.42 IMF head Christine Lagarde, speaking to BBC economicseditor ... Although the central bank never reveals which countries it is helping to prop up... Pedestrians pass a news stand displaying a photograph of George ... www.telegraph.co.uk/finance/.../8846201/Debt-crisis-live.html |
The eurozone financial crisis explained – USATODAY.com European banks that lent billions to financially struggling nations could face huge losses, which could in turn cause the crisis to spread to more stable nations ... www.usatoday.com/money/world/story/2011-10-26/.../1 |
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