 Economic Times China has also been burned before on risky overseas investment. It bought stakes in investment bank Morgan Stanley and asset management firm Blackstone only to see values collapse in the 2008 global financial crisis. See all stories on this topic » | ||
| Italy eyes unity cabinet as EU dithers on crisis Reuters A senior G20 source said the idea of convening an emergency meeting of financeministers of the world's leading economies to discuss support measures for the euro zone before the French presidency ends at the end of the year had been dropped. ... See all stories on this topic » | ||
| Europe debt crisis - Recession risk rises FM.co.za European Central Bank president Mario Draghi said last week tensions in financialmarkets were likely to dampen economic growth in the euro area in the second half of this year and beyond. “The economic outlook [is] subject to particularly high ... See all stories on this topic » | ||
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| The euro crisis and emerging markets The Economist In a speech on November 8th, Mark Carney, the new head of the Financial Stability Board, a club of international regulators, gave warning about the damaging effects of European bank “deleveraging” on the world economy. Already Germany's second-largest ... See all stories on this topic » | ||
| Italian Debt Woes Could Trigger Crisis; Time To Buy VIX Calls, Short French Banks Seeking Alpha The challenge then, is to find ways to make money in an environment that is extraordinarily uncertain. First, you should consider getting long VIX call options. During the last financial crisis the VIX spiked above 80 on two separate occasions. ... See all stories on this topic » | ||
| BoE holds QE steady despite escalating euro crisis Reuters Governor Mervyn King said after the October decision that the worsening outlook for the global economy had made further easing necessary as Britain was caught in the worstfinancial crisis since the Great Depression of the 1930s. See all stories on this topic » | ||
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| Bumpy ride to global economic recovery Pakistan Observer Moreover the most worrying part of the story is that in spite of all the prescriptions, jointeconomic efforts and pumping of money through “Financial easing” and “stimulus packages” coupled with “austerity sermons”, the crises seem to escalate rather ... See all stories on this topic » | ||
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| CNBC 'Your Money, Your Vote' Republican Presidential Debate New York Times But if they get to a point wherethey're in crisis and banks throughout Europe could hold a lot ofItaly debt, we'll — we'll then face crisis. And there'll have to besome kind of effort to try and uphold their financial system. There will be some who ... See all stories on this topic » | ||
| Courtis: Italy's crisis is the main event ABC Online TONY JONES: Well Ken, explain for us exactly what it meant for the Italian economyand for its financial system when the bond yields, the 10-year bond yields pushed through this seven per cent mark, right up to 7.42 per cent yesterday? ... See all stories on this topic » | ||
| Greek party deal on new crisis premier collapses Moneycontrol.com For its part, the European Union needs to put out the fire in Greece to prove to international financial markets that it can tackle another blaze in Italy, a far biggereconomy also in economic and political crisis. In an emotional television address, ... See all stories on this topic » | ||
| Serbia Slashes Main Interest Rate to 10% as Growth Outlook Deteriorates Bloomberg The central bank said the Balkan nation's precautionary loan program with the International Monetary Fund and the Fitch announcement will support financial stability. Inflation slowed to 9.3 percent in September from a peak of 14.7 percent in April, ... See all stories on this topic » | ||
| Economic Mismanagement in Europe CounterPunch A lot of Italy's debt is held by European banks, and the fall in Italy's bond prices also causes problems for their balance sheets, increasing the risk of a worsening financial crisis that is already slowing the world economy. ... See all stories on this topic » | ||
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| Currency Wars: Darien's James Rickards details world's financial future Darien Times Rickards pointed out that many people haven't seen an economic crisis like this in their lifetime, unless they are 95 years old and remember the Great Depression. The beginning of the book involves Rickards and some of his financial industry colleagues ... See all stories on this topic » | ||
| Overview of the Global Debt Crisis Council on Foreign Relations And if you don't impair the capital of the banking system, you don't create the secondary -- you don't create the breach that induces the system to come apart. I find it useful to think in terms of -- financial crises in terms of snow avalanches. ... See all stories on this topic » | ||
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| Japan Shifts to 'Stealth Intervention' to Curb Yen Wall Street Journal To maximize the impact and preserve secrecy, the Finance Ministry and Bank of Japan select a limited number of private banks for intervention in the direct deals, refraining from electronic trading systems such as EBS. The designated banks were ... See all stories on this topic » | ||
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| Soros Sees a Ray of Hope for Saving the Euro New York Times One is about the bazooka, and one is about the most important woman in the world. The bazooka is the financial weapon Europe has created to defend ailing Europeaneconomies from the skeptical traders who are betting against them. To end the crisis,... See all stories on this topic » | ||
| Italy eyes unity cabinet as EU dithers on crisis IBNLive.com A senior G20 source said ideas of convening an emergency meeting of financeministers of the world's leading economies to discuss support measures for the euro zone before the French presidency ends at the end of the year had fizzled out. ... See all stories on this topic » | ||
| Canadian Stocks Fall as Italian Concern Weakens Banks, Energy BusinessWeek The outlook for economic growth continues to deteriorate as the financial crisiscontinues.” The S&P/TSX is set to underperform the S&P 500 for the first year since 2003 as most major raw materials have declined. Energy and raw-materials companies make ... See all stories on this topic » | ||
| Iceland's road to recovery Nordic Labour Journal It would have been wrong to burden future generations with the mistakes of the financialsystem,” said Stiglitz. Nobel laureate Paul Krugman observed that Iceland's economic crisis did not turn out to be as dramatic as the world had feared. ... See all stories on this topic » | ||
| Italy: Definitely too big to fail, maybe too big to bail CNN Such a level of losses would do real damage to the European financial system and both directly and indirectly on the wider economy. Worse, an Italian default would almost surely force defaults by Spain, Portugal, and perhaps Ireland, since their access ... See all stories on this topic » | ||
| Analysis: Pension funds eye banks' infrastructure debt Reuters "The government has got no money, the cost of bank debt has gone up a lot and is currently going up yet again, and bank finance is very restricted," said Richard Threlfall, KPMG's UK head of infrastructure. "To get the UK pension fund money working for ... See all stories on this topic » | ||
| Euro crisis puts pressure on NZ banks TVNZ The ratio was introduced to ensure New Zealand banks were not relying too much on short-term loans from foreign lenders, which could put them under pressure if thefinancial system collapsed as it did in the 2008 global financial crisis. ... See all stories on this topic » | ||
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| Schaeuble Said to Say Italy Should Seek EFSF Aid If Needed BusinessWeek For more on the debt crisis, see EXT4}.) Nov. 9 (Bloomberg) -- German Finance Minister Wolfgang Schaeuble told lawmakers that Italy should request aid if it needs it from the European Financial Stability Facility, two people present at the meeting in ... See all stories on this topic » | ||
| All just a case of history repeating Sydney Morning Herald While the Dodd-Frank financial reforms, forged out of the global financial crisis, are yet to take full effect, it is unlikely they would have prevented the MF Global collapse. Perhaps it is time for the second wave of legislative reform and a full ... See all stories on this topic » | ||
| Hey, Education Secretary Duncan, Let's Teach Kids About Money (Not Just Talk ... TIME Young adults mired in financial problems are less productive so they don't get ahead; they end up paying interest on debts when they could be paying for cars and furniture and other things that help the economy grow. Worst of all, they fail to take ... See all stories on this topic » | ||
| Governor Daniel K. Tarullo Speaks at the Clearing House Business Meeting and ... Insurance News Net (press release) The financial crisis showed that this concentrated, almost all-consuming regulatory focus on refining bank capital requirements in Basel II had come at the expense of attention to other risks in the financial system. In particular, banking regulators ... See all stories on this topic » | ||
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| Wall Street smack down Moneyweb.co.za It's hard to say. Certainly, there were many egregious ethical violations at a number of firms in the years leading up to the financial crisis, and risk management was non-existent. However, solving the world's economic problems is unfortunately going ... See all stories on this topic » | ||
| Hong Kong Stocks Tumble the Most in Three Months as Banks Slump BusinessWeek Hong Kong's property market is “cooling,” KC Chan, the city's acting financialsecretary, said in a transcript on the government's website today. Inflation in China isn't moderating fast enough to justify an “immediate and meaningful” monetary easing, ... See all stories on this topic » | ||
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| Gold Price Stabilizes, ECB to Print Money? International Business Times Italy is the real crisis battleground.” The turmoil was later exacerbated by GermanFinance Minister Wolfgang Schaeuble, who told policymakers that Italy should seekfinancial assistance from the European Financial Stability Facility (EFSF). ... See all stories on this topic » | ||
| Asian stocks open sharply lower BBC News Media requires JavaScript to play. At the same time, banks also accepted a 50% loss on the money they had lent to Greece. The fear is that if Italy's debt crisis worsens, similar measures may have to be taken by banks that are exposed to its debt. ... See all stories on this topic » | ||
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| GM's restructuring pledge raises alarm in Europe Reuters GM's Chief Financial Officer Dan Ammann said on Wednesday no options were being ruled out in restructuring its European operations, catching Opel's combative labour leader Klaus Franz by surprise. The biggest drag on GM's third-quarter results came ... See all stories on this topic » | ||
| Senators unveil bill to spark covered bonds Reuters Covered bonds provide investors more options for highly rated securities, and are seen as less risky than the type of mortgage-bundling frenzy that fueled the 2007-2009 financial crisis. A committee in the US House of Representatives approved a similar ... See all stories on this topic » |
| Harper says no Canadian money for European bailout - World ... Major StoriesIn The News ... The financial crisis facing Greece and other countries, including Italy, was the key issue at the meeting. ... to pump more money into theInternational Monetary Fund that could, in turn, be used to fund the ... remains critical to restoring confidence and growth in the global economy," Harper added. ... www.cbc.ca/news/world/.../g20-imf-italy-greece-financial.html |
| G20 agree to 'action plan' for global economy - Nov. 4 ... - CNN Money The world's top economic leaders pledged to work together to boost global ... the debt and banking crisis threatening the euro currency and global economy. ... The G20 also pledged to ensure that the IMF has sufficient resources to support economies that get into financial ... Insurance news and resources from BankRate ... money.cnn.com/2011/11/04/news/international/.../index.htm |
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