 The Citizen Daily The crisis in Europe and a fragile recovery from recession in the United States has hastened the shift in world economic power towards the emerging markets, and they want their growing heft to be reflected in finance institutions like the IMF. See all stories on this topic » | ||
| Europe's debt crisis rears its ugly head CNNMoney NEW YORK (CNNMoney) -- If you thought the debt crisis in Europe was over, think again. The nearly three-year old crisis appears to be entering a new phase as the respite in global financial markets, which came after the European Central Bank flooded ... See all stories on this topic » | ||
| ECB officials resist nudge from IMF, US to do more Fox News ... which loans money to countries in financial trouble, and the Organization forEconomic Cooperation and Development, a group of mostly rich countries, have urged the ECB to take further steps to ease the crisis. At last weekend'sIMF meeting in ... See all stories on this topic » | ||
| ECB to take all necessary measures for prices: Noyer Reuters "Moreover, our recent exceptional and temporary measures should be seen as a window of opportunity for banks to strengthen their balance sheets and for governments to step up their efforts in a less troubled financial environment. See all stories on this topic » | ||
| Mexico laments US empty-handed for IMF crisis fund MSN Philippines News Mexican President Felipe Calderon voiced disappointment Tuesday that the United States sat out an International Monetary Fund donor drive to raisemoney for a global anti-crisis firewall. "We committed more than $430 billion to the IMF, ... See all stories on this topic » | ||
| Will India's IMF Move Work? The Diplomat However, the New York Times' Annie Lowrey did note that senior IMF officials don't consider this agreement as tantamount to a change in the actual distribution of quotas at the Fund. Unsurprisingly, Indian Finance Minister Pranab Mukherjee announced ... See all stories on this topic » | ||
| The IMF And Europe - Not Of One Mind Seeking Alpha Naturally the IMF bureaucracy is well pleased: it definitely stays in business. “It is nice to have a big umbrella,” IMF managing director Christine Lagarde said. She and other officials said the new money should reassure financial markets troubled ... See all stories on this topic » | ||
| As More Cracks in the Eurozone Emerge, Investors Buy More Sovereign Debt ... International Business Times After an April 20 meeting during the IMF-World Bank Spring Meetings in Washington, a joint statement issued by the G-20 and the IMF's policy-setting International Monetary and Financial Committee (IMFC) said there are firm commitments to increase ... See all stories on this topic » | ||
| A Look at Case-Shiller by Metro Area Wall Street Journal (blog) Real estate experts in Spain estimated that about 300000 properties have been repossessed since the onset of the financial crisis in 2007. Unwilling to take losses, banks have mainly held onto these homes. But now, facing pressure to raise more capital ... See all stories on this topic » | ||
| Increased global spending 'should mean bigger say' China Daily The new money add up to more than 700 million yuan in extra expenditure, and the move was among a series of capital injection commitments China has made to global financial institutions. The IMF announced on Friday it had raised more than $430 billion ... See all stories on this topic » | ||
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| Swedish minister urges action to avert Spanish bailout EurActiv Europe must deal urgently with Spain's banking problems, which hang like a dark cloud threatening global economic recovery, Sweden's Finance Minister Anders Borg said yesterday (24 April). Failure to recapitalise Spanish banksquickly could throw ... See all stories on this topic » | ||
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| The Pain in Spain, Debt Spiral and Housing Market Crash The Market Oracle No data lost, just time and money. Sigh. Spain grew a remarkable 8% per year in nominal GDP in the first nine years after the introduction of the euro in 1999. During this time, Spain focused its economy on housing and selling "the Mediterranean ... See all stories on this topic » | ||
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| The (mis)rule of the econocrats: how to re-politicise economics The Guatemala Times Most of the major reflections on what-went-wrong, from the Treasury's Bischoff Report ↑ of 2009 to the Independent Commission on Banking ↑ of 2011, have framed the financial crisis as a form of technical accident, an identifiable engineering error in ... See all stories on this topic » | ||
| Greeks detect hypocrisy as Dutch coalition stumbles Reuters UK By Sara Webb and Lefteris Papadimas | AMSTERDAM/ATHENS (Reuters) - For months Dutch Finance Minister Jan Kees de Jager has subjected Athens to regular dressings-down on the dire state of its finances. Now, with his coalition brought to its knees by a ... See all stories on this topic » | ||
| Russia & Mexico Buy Gold Worth Nearly $1B in March Resource Investor So far gold has not been a prime beneficiary of these risks but this will likely change soon – especially if financial conditions deteriorate which seems very likely. Gold has recently displayed short term correlations with paper assets such as ... See all stories on this topic » | ||
| Send to a Friend Local 10 Politicians in Europe and beyond have been harshly criticized and, in some cases, forced out of office in the wake of a wave of economic woes, including governments and banks' role in contributing to debt and other crises. Yet even in all the financial ... See all stories on this topic » | ||
| The EU Crisis: WHY DOES EVERYONE THINK THERE IS AN ANSWER AT ALL? Democratic Underground Neither austerity nor increasing the debt will work in solving the current crisis - that is the reality the EU, EZ & IMF are facing. WHY DOES EVERYONE THINK THERE IS AN ANSWER AT ALL? There isn't one - it is impossible for the debtor nations to pay off ... See all stories on this topic » | ||
| The Overnight Report: Focus Shifts To Northern Europe Ninemsn Check out ninemsn Finance's Tax Time for tips and advice on how to make your 2011/12 tax return work for you. By Greg Peel The Dow closed down 109 points or 0.8% while the S&P lost 0.8% to 1366 and the Nasdaq fell 1.0%. Just when it might have seemed ... See all stories on this topic » | ||
| Tuesday Papers: Facebook profits dip before IPO Citywire.co.uk Financial Times: Deutsche Bank's non-executive board is facing a protest from an investor group led by UK fund manager Hermes over its pay policies and turbulent succession planning. Financial Times: Spain lurched into recession on Monday for the ... See all stories on this topic » | ||
| Judging by Ireland, Spanish banks to take a lot more credit writedowns Credit Writedowns By Sober Look Ireland dealt fairly quickly with its property market bubble by effectively and forcefully nationalizing and recapitalizing its banking sector. They clearly still have a serious problem on their hands, but the nation has been aggressive ... See all stories on this topic » | ||
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| Hedge Funds Cut Bullish Wagers Most in Four Months: Commodities San Francisco Chronicle April 23 (Bloomberg) -- Hedge funds cut their bets on higher commodity prices by the most in four months on mounting concern that Europe's debt crisis will derail global growth and curb demand for raw materials. Money managers lowered net-long ... See all stories on this topic » | ||
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| Spanish banks: Is the EU again awaiting the last minute to act? TradingFloor.com (blog) The stocks of Spain's Banco Santander and BBVA, Spain's two super capbanks have since the start of the financial crisis done relatively well compared to the other PIIGS banks. Their Latin/Central American exposure has been a blessing for both banks. See all stories on this topic » | ||
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| Paradigm Lost: Rethinking our global economic system MindfulMoney As markets have started to turn down, the pervading sense that the globaleconomy is entering another crisis phase has re-emerged. Joseph Stiglitz, nobel prize winning economist and professor at Columbia University, has articulated this with a ... See all stories on this topic » | ||
| Asian markets lower as China data fails to reassure Pakistan Daily Times HONG KONG: Asian markets slipped lower Monday as slightly improved manufacturing data from China failed to dampen fears of a slowdown in the world's number two economy, as markets took a bearish view. Tokyo gave up early gains to close down 0.20 ... See all stories on this topic » | ||
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| How African Dictators Corrupt European Politics - OpEd Eurasia Review 'I saw Chirac and Villepin count the money in front of me,' he said. He alleged he regularly passed on bank notes from five African presidents: Abdoulaye Wade of Senegal [in power 2000-2012]; Blaise Campaoré of Burkina Faso [1987-today]; Laurent Gbagbo ... See all stories on this topic » | ||
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| Week in Review Part II: Street Bytes Forex Pros --Japan's exports for the month of March rose 5.9% from a year earlier, the best growth rate in a year; further bolstering the IMF's forecast, per the above, that Japan's economy will grow 2% in 2012. Car exports to the US were a big contributor. See all stories on this topic » | ||
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| MPs hear statement on IMF DeHavilland (press release) (subscription) As Wolfgang Münchau of the Financial Times stated: “Ignore the headlines. This is not an increase in the eurozone's rescue fund”. that it would need to stop a renewed crisis. There is still is no firewall, and the only institution that comfortably has ... See all stories on this topic » |
| HIGHLIGHTS-G20, IMF/World Bank meetings in Washington "Even if the economy grows faster we still have some slack in the overall ...The financial crisis itself affects possibility of guaranteeing price stability. ...."The main problem is, when you give directly money to the banks from the bailout funds, .... news, headline news, small business news, news alerts, personal finance, stock ... www.reuters.com/article/2012/.../g-idUSL2E8FL1OC2012042... |
| Eurozone crisis set to get worse before it gets better Lagarde is now doing DSK's old job at the IMF and perhaps has a better ... The global economy is still moving forward painfully slowly, and there is a risk ...and would like money to be channelled directly into eurozone banks from ...World news .... What we need is a complete rethink of how banks have such afinancial vice ... www.guardian.co.uk/business/.../eurozone-crisis-to-get-worse |
| IMF encourages Europe's economic suicide China, Japan, America, the oil powers, and the rising economies of Latin America ... encourages EMU and German elites to believe the essence of thiscrisis is a .... most `real money' behemoths, from Japanese life insurers to petro-wealth funds, ... Spanish and Italian banks are now sole chief buyers of their own countries' ... www.telegraph.co.uk/.../IMF-encourages-Europes-economic-s... |
| IMF Survey: European Banks Remain Under Pressure From Weak ... IMFSurvey Magazine: In the News ... Global financial stability has improved in recent months; Financial system remains ... Financial Counsellor and head of the IMF”s Monetary and Capital Markets Department, which produced the report. ... to flexible policies that helped their economies during the crisis, combined with ... www.imf.org/external/pubs/ft/survey/so/.../new041812a.htm |
| Debt crisis: Japan pledges $60bn to boost IMF war chest - Telegraph Finance Minister Jun Azumi said Japan hoped Tokyo's contribution, which will be ... countries," Azumi told a regular news conference after a cabinet meeting.... it will not be part of efforts to boost the IMF's funds by $600bn and othereconomies, ... the money if there were "no new vehicles or funds specific to the eurozone". www.telegraph.co.uk/.../Debt-crisis-Japan-pledges-60bn-to-bo... |
| More than $14T to stem financial crisis - BNN News ... of money thrown at rescuing the world economy since the financial crisisbegan is ... The IMF has recommended more action from the European Central Bank, ... www.bnn.ca/.../4/.../More-than-14T-to-stem-financial-crisis.as... |
| IMF' s Lagarde calls for swift action on financial risks - CNN Money Lagarde said the first priority is to keep the financial crisis at bay. ... WorldBank: China's economy in 'soft landing'. The remarks came ahead of the annual meetings of the IMF and World Bank next week in Washington, D.C. Lagarde said she hopes officials will renew the ... Insurance news and resources from BankRate ... money.cnn.com/2012/04/12/markets/lagarde-imf/index.htm |
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