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Dec 11, 2010

US envoy Richard Holbrooke in 'critical condition'

Richard Holbrooke (file photo, July 2010)
Mr Holbrooke was named as envoy to Afghanistan and Pakistan by President Obama.
Richard Holbrooke, the US envoy to Afghanistan and Pakistan, has been taken critically ill, the US state department says.
Mr Holbrooke, 69, was admitted to hospital on Friday and has undergone surgery to repair a tear in his aorta.

UN climate change talks in Cancun agree a deal

Canadian citizens demonstrate at the venue of climate change talks in Cancun, 10 December 2010
Under the deal some countries will escape the extension of emission cuts under the Kyoto Protocol.
UN talks in Cancun have reached a deal to curb climate change, including a fund to help developing countries.Nations endorsed compromise texts drawn up by the Mexican hosts, despite objections from Bolivia.

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Ireland, Portugal, Spain, Italy, Greece, News

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The Daily Deal
While investors may not be spooked, they're still skittish, with bond yields at painfully high levels in Spain, Portugal and Italy when compared with safe ...
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CDS spreads widen across eurozone peripherals
Risk.net
Spain notched up the largest rise, with protection costs on five-year senior debt increasing from 328 basis points at close of play yesterday to 341bp by ...
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Investors Punish Spain, Portugal Banks | www.bullfax.com
By marketmaker
Austerity measures in Spain and Portugal have spurred belt-tightening in Italy, France and Britain, countries that so far have been largely spared from the effects of Greece's crisis, analysts say. Moody's Downgrades Portugal Rating ... Moody's ratings agency on Thursday warned that the fallout from the Greek debt crisis presented a risk of "contagion" for the credit rating of banks in Britain , Ireland, Italy, Portugal and Spain.Moody's said in a report that "the ...
Bullfax.com - Market News & Analysis - http://www.bullfax.com/

Financial news, money, banks, stock, economic, crisis ...


Rally Leaves Many Stocks Near Yearly High
Barron's
In another sign investors are taking on more risk, big- bank stocks, which have lagged in the bull market since the financial crisis, perked up in heavy ...
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A Look At Economic Developments Around The Globe
CBS News
The slowdown next year will be from forecast growth of 6.1 percent for 2010, a year in which South Korea's recovery from the global financial crisis and ...
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Today - http://interalex1.blogspot.com/
Economic developments around the globe
By AP
Gains in European shares were tempered and Asian stock benchmarks mostly closed lower ahead of the news in anticipation of an interest rate hike or other credit tightening measure. ... The slowdown next year will be from forecast growth of 6.1 percent for 2010, a year in which South Korea's recovery from the global financial crisis and subsequent worldwide slowdown accelerated. ...
Gouverneur Times News Feed - http://gouverneurtimes.com/
Cash Update - Financial News: Bank, Government Bond Risk Surges on ...
By Richard Dwyer
cashupdate.blogspot.com -- Up to date financial news with information from the Wall Street Journal, Bloomberg, CNBC, Wall Street Week, Calculated Risk, the Big Picture, Seeking Alpha, Forbes, Yahoo Finance, Financial Times and other sources . Wealth Spin · Mario Gabelli 777 · David Tepper 777 .... The Liars' Poker: Economists Explain Why Hints of the Economic Crisis Eluded Them ... Mad Money's Jim Cramer on CNBC: MadCap Recap, a daily summary of Cramer's top stock picks. ...

Asia Forecast: High Growth Rates Will Create Top Profit Opportunities For 2011

Asia was a great place to invest this year.

While some individual Latin American markets have outpaced their Asian counterparts, the fact is that the 10.9% return of the overall MSCI Asia Index outdistanced the 10.3% return of the "Americas" region.

Investing in the Americas: Natural Resource Prices Will Be Key to 2011 Profits

Whether you win or lose on your Americas-related investments in 2011 will come down to a single factor - natural-resource prices.
If the prices of oil, gold, copper and other natural resources are high, the hideous flaws in the economies of a number of the countries north and south of the U.S. border will remain hidden behind, as if by magic.

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Exports to China help U.S. narrow trade deficit

The United States trade deficit narrowed in October to its lowest level since early this year, the government reported Friday, with exports to China hitting a high.
The encouraging trade report and signs that a tax cut package would pass the Senate sent stocks to their highest levels in two years Friday. Bond prices fell for another day as investors expected the tax deal to lead to economic growth and higher budget deficits.