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| Central bankers increase growth prediction Irish Independent Mr Noonan dismissed suggestions that the crisis at Dexia could trigger a domino effect that would reach Irish financial institutions. "It's a Franco-Belgian issue, it's nothing to do with the Irish situation," he said. Meanwhile, European Central Bank ... See all stories on this topic » | ||
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| Financial News: Hedge Funds Poised For Worst Quarter Since '08 Wall Street Journal By Harriet Agnew Of FINANCIAL NEWS Hedge funds are poised to deliver their worst quarterly performance in almost three years after grappling with market volatility, driven by the escalating sovereign debt crisis, economic weakness in the US and ... See all stories on this topic » | ||
| Geithner Says Banks Are Trying to Weaken Financial Overhaul BusinessWeek ... risk from the European debt crisis and he is concerned about the impact on American financialinstitutions and the economy. He added that the direct risk to US banks is “not large” with somewhat larger exposures in money market mutual funds. ... See all stories on this topic » | ||
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| Indian banks look safe now, but for how long? Economic Times However, it is instructive to consider both the likely impact of the current financial crisis on the Indian economy and the knock-on effect for the banking sector. Of course, there exists a direct correlation between the effects of recession and the ... See all stories on this topic » | ||
| Take Greece with a pinch of scepticism, says Subodh Kumar Moneycontrol.com Q: There is some fear now that Greek sovereign debt issue may now turn into a full blown financialmarket or banking crisis. What is your assessment of how grave things could get from here? A: On the Greek financial situation front, the IMF and the ECB ... See all stories on this topic » | ||
| Flaherty 'confident' about Canada, but markets still fall Hamilton Spectator And the central bank chief expressed some empathy with protesters who have marched on Wall Street and in other cities in recent days complaining about the role of big financial institutions in creating the current economic mess. ... See all stories on this topic » | ||
| Asian markets mixed after Wall Street rally Economic Times Italy, along with Spain, is another economy many fear could be in need of bailout cash. The negative outlook, which suggests a further downgrade in the near future, "reflects ongoing economic and financial risks in Italy and in the euro area," the ... See all stories on this topic » | ||
| Africa: New Economic Crisis On the Way AllAfrica.com Dr Charles Soludo, former Governor of the Central Bank of Nigeria and a member of the South Centre Board, told the Conference that developing countries must prepare now for the next financial crisis. He also gave three scenarios of how policy makers ... See all stories on this topic » | ||
| Bernanke warns recovery 'close to faltering' Forbes By MARTIN CRUTSINGER and CHRISTOPHER S. RUGABER , 10.04.11, 06:04 PM EDT Europehas a debt crisis. America has a jobs crisis. Corporate profits could be in trouble. World financialmarkets are in turmoil. And no one seems prepared to ride to the rescue ... See all stories on this topic » | ||
| CRISIS WATCH: We are getting closer The Moscow Times (blog) As we said in our note last week, liquidity is drying up in the Russian financial markets due to the fear and even if Greece doesn't blow up in two weeks time these nerves are doing an increasing amount of damage to the Russian economy despite the fact ... See all stories on this topic » | ||
| Don't clamor for a euro rescue; demand a breakup MarketWatch The euro zone has to stump up more money for the bailouts, and move to fiscal union. It needs more firepower. Nothing else can put an end to the drama. What the financial experts think and say matters. The crisis is largely being driven by the markets, ... See all stories on this topic » | ||
| Fed Taps Two Canadian Banks as Primary Dealers Wall Street Journal The Fed's balance sheet has surged to $2.85 trillion from less than $900 billion shortly before the 2008 financial crisis. Some analysts say the central bank needs a larger primary-dealer group to handle the large amount of money that will need to be ... See all stories on this topic » | ||
| Courting Disaster: Eight Addictions Preventing Greece's Economic Recovery Huffington Post At an IMF panel discussion on Europe held in Washington, DC this past weekend, Gao Xiqing, president of the state-owned China Investment Corporation argued that the current financial crisisshows the shortcomings of western-style democracy and culture ... See all stories on this topic » | ||
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| UK says euro zone must leverage up bailout fund Reuters Osborne, back from a meeting of European Union finance ministers in Luxembourg, said euro zone governments had been behind the curve and had not done enough to convince markets they had enough financial firepower to deal with the bloc's debt crisis. ... See all stories on this topic » | ||
| Cameron tells Britons austerity solution to crisis Reuters Finance minister George Osborne floated a plan on Monday to ease the flow of funding to small businesses which are struggling to get funds. The Bank of England may also decide on Thursday to create more money electronically, so-called quantitative ... See all stories on this topic » | ||
| India Stock Futures Swing Between Gains, Losses on Debt, Rupee BusinessWeek State Bank of India, the nation's largest, fell to a two-year low after Moody's Investors Service cut the rating on its financial strength, citing deteriorating asset quality. The rupee lost 6 percent in September, its sharpest monthly drop in three ... See all stories on this topic » | ||
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| Honeymoon Over as Euro Loses Gloss for Slovaks Bemoaning Greeks Bloomberg The risk for the euro region is that dissent in smaller countries will derail further efforts by governments to improve the workings of the currency bloc and stop the crisis. While Slovak FinanceMinister Ivan Miklos said he hopes parliament will pass ... See all stories on this topic » | ||
| American Dollar Surges Along With Treasuries Defying Debt Downgrade by S&P Bloomberg “Their action was too political,” Chris Rupkey, chief financial economist of Bank of Tokyo-Mitsubishi UFJ Ltd. in New York, said in a telephone interview on Oct. 3. “Normally if there's a downgrade, yields on the sovereign debt tend to go up. ... See all stories on this topic » | ||
| Banks defend debit-card fees amid pressure from Washington Washington Post The controversy has weighed on Bank of America, which is grappling with bad loans and lawsuits stemming from shoddy mortgages. On Monday, the bank's stock fell below $6 for the first time since the financial crisis in 2009. Shares again fell Tuesday, ... See all stories on this topic » |
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