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| Portugal must ditch PPP investments, focus on exports-minister Reuters The terms of the 78-billion euro bailout Portugal agreed with the EU and the IMF in May require the new centre-right government, which took over in June, to review major PPPs to identify, and possibly renegotiate, potential unforeseen costs for the ... | ||
| Commission plays down contagion fears European Voice By Constant Brand The European Commission today said that there was no discussion of EU bail-outs for Italy, Spain or Cyprus despite concern on the financial markets about the countries' ability to manage their debts. Yields on Italian and Spanish ... | ||
| IMF warns interest rates will have to rise The Australian And some parts of the economy would come under "considerable pressure" as they were squeezed by a dollar that had become up to 20 per cent overvalued. However, the IMF remained concerned that record commodity export prices and a huge pipeline of mining ... | ||
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| HSBC-Libor Probe, Dutch Deposit Guarantee, IMF-BASEL, Gabelli: Compliance Bloomberg The bank also received grand jury subpoenas and other requests for documents from the US Attorney's Office, the Department of Justice and the New York District Attorney's Office over its units' bank note and dollar clearing services, compliance with ... | ||
| IMF's Lagarde hails US debt deal FXstreet.com The opinions and analysis offered on Forexlive are for educational purposes only and clients and prospects are advised to carefully consider the opinions and recommendations offered by the analysts and to use the analysis and opinions in conjunction ... | ||
| French PM: Special Parliament Session For EFSF Changes Sept 6 Wall Street Journal "In order to quickly help Greece in its recovery effort, and to counter contagion risks from the Greek crisis to other sovereign debt of the euro zone, it is essential to implement the new intervention tools of the European Financial Stability Facility ... | ||
| Sterling hits 2-mth high vs weak euro, slips vs dollar Reuters UK By Naomi Tajitsu and Nia Williams LONDON, Aug 2 (Reuters) - Sterling hit a two-month high against the euro on Tuesday as the single currency suffered broadly due to renewed worries about eurozone debt and the risks of contagion to countries like Spain ... | ||
| Euro mixed after US data FXstreet.com That rebound in the USD has allowed the Euro to weaken and the Pound to strengthen a tad. Sterling's strength has happened in spite of the International Monetary Fund (IMF) doing what it often does and stating the blinking obvious. ... | ||
| IMF's 'Harsh' Legacy Blocks Middle East Loans After Egypt U-Turn Bloomberg Radwan argued that IMF terms were reasonable and Egypt -- whose economy shrank at an annual rate of 4.2 percent in the first quarter while yields on its dollar bonds surged -- needed the money to “get out of the bottleneck by raising public investments ... | ||
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| Italy to hold financial stability meeting: source MSN Philippines News As the country battles to stave off contagion from the european debt crisis, Tremonti is also facing opposition calls to resign after a senior aide was caught up in a corruption scandal. Prime Minister Silvio Berlusconi is set to address parliament on ... | ||
| Benchmark Yields In Treasury, Bunds, Gilts Fall On Growth Fears Wall Street Journal Even if the risk of a US default has been averted, fears about contagion risks in the euro-zone's sovereign debt troubled areas coupled with a string of disappointing global data over the past few sessions has got many investors increasingly anxious ... | ||
| Sterling near 2-mth high vs euro, PMI fails to inspire Reuters UK By Nia Williams LONDON, Aug 2 (Reuters) - Sterling hovered near a two-month high against the euro on Tuesday on renewed worries about euro zone peripheral debt and risks of contagion, although it failed to gain much traction despite ... | ||
| Palace to closely monitor peso appreciation Philippine Star He said speculators, with enough financial muscle to move hundreds of millions of dollars, could mop up the peso and sell them as soon as the currency market swings the other way, similar to what happened during the 1997 Asian financial crisis. ... | ||
| Obama Torn Between Two Evils of Exorbitant Privilege And Eminent Domain The Market Oracle When the USA set up the 1944 Bretton Woods conference and founded the IMF and World Bank it could make the proud boast that the US dollar would always be exchanged for metallic gold, because it was "as good as gold". From 1948 it set $35 as the exact ... | ||
| Spanish, Italian markets slammed by investor fears Forbes She told Zapatero "that the experts agree that the current situation is due to the financial crisisplaguing the euro area worsened by the uncertainty of the economic situation in the United States," Zapatero's administration said in a statement issued ... | ||
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| Europe shares fall 1.8 pct to 11-month closing low Reuters The STOXX Europe 600 Banking Index fell 2.5 percent, hitting a 26-month low, on renewed concern about euro zone peripheral debt levels. The sector has lost nearly 16 percent this year, on worries about contagion in the euro zone debt crisis. ... | ||
| Dollar depreciation dilemma China Daily Despite the declining proportion of US dollar-denominated foreign assets in global foreign reserves over the past decade, down from 71 percent in 1999 to 61 percent in 2010, according to the IMF, thedollar is still overwhelmingly bigger than the euro, ... | ||
| The second "Great Contraction" CNN (blog) He was formerly chief economist at the IMF. He will be on CNN GPS this Sunday at 10am ET/PT. For more from Yao Yang, visit Project Syndicate and check it out on Facebook and Twitter. By Kenneth Rogoff, Project Syndicate Why is everyone still referring ... | ||
| Juncker to meet with Italian FinMin Temonto tomorrow ForexLive (blog) Which helps more – the black or gold stuff? cambiste: well maybe he thinks like me that the ECB is going to have to intervene and sell Euro and live with some inflation for a little while to help the PIIGS. Sean: 1.4150 is important support on daily as ... | ||
| The Countdown to the Last US 'Default' Resource Investor Washington was busy in foreign exchange, however, buying $862m worth of Belgian Francs and Dutch guilders from the IMF to better suit their governments' preference for guaranteed credits at the central-banks' central bank. Reports of French gold buying ... | ||
| Leading indicators continue pointing in positive direction My West Texas It has only been 33 months since the financial crisis of 2008, and the memory of the sharp drop in the stock market is still fresh in many investors' minds. As a result, people are worried that the economy could fall back into recession this year if ... | ||
| Most North Carolinians blame government for current financial crisis, says ... Mountain Xpress (blog) Grappling with 9.9 percent statewide unemployment, 63 percent of North Carolina voters blame government for the current financial crisis, according to a poll released today by the Civitas Institute. Sixty-three percent of voters say government is most ... | ||
| Timeline: Japan primes markets for yen intervention Reuters April 19, 1995 - The dollar hits a record postwar low at 79.75 yen after US-Japanese trade frictions spark heavy selling. By the end of the year it is near 103.40. 1998 - The Asian financial crisis sees the yen weaken to nearly 148 to the dollar in ... | ||
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| Oracle Financial Services Data Warehouse Meets Post-Meltdown Demands InformationWeek In the wake of the financial crisis, big banks need to go beyond siloed reporting to support rapid risk analysis and stress testing. By Doug Henschen InformationWeek Let's say the debt deal collapses and the US credit rating drops. ... | ||
| Central Falls receiver acts to file for bankruptcy / Video Providence Journal By W. Zachary Malinowski CENTRAL FALLS — The fiscal crisis that has crippled the city over the past few years reached critical mass on Monday as the state-appointed receiver filed for Chapter 9 bankruptcy protection in federal court, the first time a ... | ||
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| As person-to-person online lending grows, how should it be regulated? iWatch News By Alexandra Duszak By Ben Hallman Angry at Wall Street over the financial crisis and consumer credit practices seen as predatory, some consumers have opted to close their accounts with major banks. By Julie Vorman Lenders must give more information to ... | ||
| IMF estimates Australian dollar 10-15% over-valued | ForexLive AUD/USD stops through 1.0880 and 1.0870 done. We've been as low as 1.0857, presently at 1.0870. More stops through 1.0850.ForexLive | ||
| DocuBase Article: Euro Area Cross-border Financial Flows and the ... Euro Area Cross-border Financial Flows and the Global Financial Crisis. August 1, 2011 22:08. Source: European Central Bank. From Non-Technical Summary: The global financial crisis that started in 2007 and intensified after the collapse ...DocuTicker | ||
| State Debt: Economic Weiser expected return of the euro crisis ... By B.B The euro rescue fund – filled with guarantees of the euro area – and the International Monetary Fund (IMF) take over 109 billion euros. This is the debt mountain in Greece Prime Minister Giorgos Papandreou to decline until the end of ...Economics Newspaper | ||
| Forex: Euro To Threaten July Rebound, U.S. Dollar Strength Ahead By DailyFX The heightening risk for contagion dragged on the Euro and the single-currency may face additional headwinds during the North American trade as the European policy makers struggle to restore investor confidence. ...Business Insider | ||
| IMF knows it too: tax cuts stimulate growth – Telegraph Blogs By Janet Daley The IMF has joined the burgeoning party of those urging the government to acknowledge what all sensible people know: the way to stimulate real and lasting (as opposed to phoney and temporary) growth in the economy is by...News | ||
| Inside the News: Euro zone contagion fears dominate markets ... Aug 2 - Lawmakers in Washington are poised to avert an immediate U.S. debt crisis, but growth andcontagion fears return to haunt the euro zone. www.reuters.com/.../inside-the-news-euro-zone-contagion-fear... |
Wednesday, August 3, 2011
World markets slide on eurozone contagion fears
