PIIGS and TIP Philippine Star For US & European investors, it is beginning to feel like the 2008 credit crisis all over again. For Asian investors, it is reminiscent of the 1997 Asian financial crisis. Developments the last few weeks have significantly altered the monetary ... | ||
Euro Traders Put Trust in Trichet as ECB Bails Out EU Leaders BusinessWeek The ECB's two interest-rate increases this year have also helped boost the euro. The central bank raised its benchmark lending rate from 1 percent, where it was during the financial crisis, to 1.5 percent to contain inflation. ... | ||
WEEKLY MARKET MOVERS 1: PIIGS BOND EXPOSURE UNDERMINING BANKS, MARKETS Business Insider The ECB's latest tender operation for emergency 7 day liquidity – a kind of dollar-denominated discount window for Europe, showed one bank borrowing $500M. This was noteworthy because borrowed this facility had not been used since March 2011 and no one ... | ||
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The Euro Zone's Cure Starts With Germany New York Times Three years ago, when the financial crisis first hit, the German government, like the rest of Europe, quickly defined the problem as an Anglo-Saxon one, and blamed America and Britain. A year later, as the financial crisis widened into a general ... | ||
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Fed weighs options for more easing Financial Times Since then, circumstances have forced him to give a policy speech about financial crisis or recession every August. This year is likely to be his fifth in a row. The legacy of last year's Jackson Hole speech – which came to be seen as a promise of more ... | ||
Govt urged to be prepared The Nation Investors are worried that the US economy may plunge into a double-dip recession due to contagion from the debt crisis in Europe. The risk of a default by Italy, the third-largest European economy, has increased. The spread of the debt crisis from ... | ||
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Sorrell Sees Three Years of Slow Western Growth, Telegraph Says Bloomberg Euro contagion “is of concern again” after German Chancellor Angela Merkel and French President Nicolas Sarkozy rejected measures to assist the continent's ailing economies, such as issuing a bond across the entire euro area or increasing the size of ... | ||
To QE3 or Not to QE3 Business Insider Perceptions have turned very negative and the media has been increasingly playing on fears (eg the US debt ceiling crisis and the big default scare). Conversely, if the economy gets so bad, and the stock market falls low enough, many believe the Fed ... | ||
BlueScope slashes 1000 jobs Weekly Times Now Investment bank HBSC's August economic brief highlighted how soft international demand smashed Australian manufacturing during the global financial crisis despite a drop in the dollar. "The global financial crisis saw a large retreat in Australian ... | ||
Questions for Seoul after US downgrade JoongAng Daily ... the main culprit of the 2008 global financial crisis; governments and financial institutions' risk management capability is much better than it was in 2008; and there is ample global liquidity. However, the fragile US economy and euro zone debt ... | ||
Chinese Banks: It's Just Like Old Times Business Insider After the financial crisis of the west, the reform in China is absolutely getting nowhere. Here, I have been flagging the problems of the credit expansion in the China's banking system for a while, pointing particularly to the worrying sign of local ... | ||
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Foreign funds for Hamas hit by Syria unrest-diplomats Reuters Hamas has denied that it is in financial crisis but says it faces liquidity problems stemming from inconsistent revenues from tax collection in the Gaza Strip and foreign aid. The movement is spurned by the West over its refusal to recognise Israel and ... | ||
Chairman & CEO of M&T Bank: Financial firms should get back to traditional ... GuruFocus.com ... the makings of the next financial crisis or, indeed, disrupted the balance in our society between rich and poor. Is this an issue any less important than the wars in Afghanistan and Iraq, the trouble with the Euro, the crises in the Middle East, ... | ||
Not double dip, but recovery will be very slow: Arvind Virmani, International ... Economic Times What we are seeing today is the aftereffect of the 2008 crisis; policy reforms to deal with thefinancial crisis have not been adequate so we are getting these aftershocks, says International Monetary Fund Executive Director Arvind Virmani . ... | ||
Who does the buck stop with? Khaleej Times The US is facing a major financial crisis. Analysts feel it might even spark a recession. The bond rating agency Standard & Poor lowered Washington's credit rating down a notch to 'AA+' from the highest AAA level. At the time of crisis the whole US ... | ||
Banks shift assets to cut pension deficits Financial Times By Patrick Jenkins, Banking Editor Some of Britain's biggest banks have begun quietly ridding themselves of billions of pounds of assets they have found difficult to sell following the financial crisis, moving them off their balance sheets and into ... | ||
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Woori Saga Underscores Worries About Korea Wall Street Journal ... impact of the euro-zone debt crisis on Korean banks, which get nearly a quarter of their funding from foreign lenders, aren't conducive to such risk-taking. Woori, a hodgepodge of banks the government bailed out after the Asian financial crisis, ... | ||
MediaNews Delays Deal to buy Freedom's Newspapers Wall Street Journal The snag highlights how fears of another recession and possible contagion from European debt woes have sapped investors' tolerance for risk. The tense climate has upset markets world-wide and raised borrowing costs, particularly in weak industries like ... |