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Bond Risk Falls as Traders Pare Greece Disorderly Default Bets
BusinessWeek
2 (Bloomberg) -- The cost of insuring European debt fell as investors pared bets that Greece is headed for a disorderly default as leaders convene an emergency meeting to insist the country adhere to budget cuts imposed by its bailout. ...
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Fed's Moves To Aid Economy Since Financial Crisis
TheStreet.com
By AP 11/02/11 - 03:42 PM EDT WASHINGTON (AP) — The Federal Reserve has taken many unprecedented steps in the past three years to try to boost the economy and counter the effects of afinancial crisis that triggered a painful recession. ...
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Peruvian Yields Rise to One-Week High on Greek Default Concern
BusinessWeek
2 (Bloomberg) -- Peru's sol-denominated bonds fell, pushing up yields to a one-week high, amid concern about a disorderly Greek default after the country's Prime Minister George Papandreou announced a referendum on Europe's rescue package. ...
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Ireland's Noonan Says ECB Only Backstop to Prevent Contagion
BusinessWeek
The government's strategy is beginning to produce results and Ireland will grow, not default, Kenny said. Ireland's Finance Ministry said yesterday its 2010 debt was 3.6 billion euros ($4.9 billion) lower than previously estimated after it discovered ...
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Greek Yields Rise Over 95% on Default Concern; French Bonds Drop
BusinessWeek
By Paul Dobson and Lucy Meakin Nov. 2 (Bloomberg) -- Greek two-year yields climbed above 95 percent for the first time as Europe's leaders prepared to tell the nation there is no alternative to the budget cuts agreed on under its international rescue ...
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ISDA Defends Transparency Of CDS
NASDAQ
countered the ISDA, a trade body that acts as the worldwide arbiter on when investors can claim a payout on CDS contracts that are designed to insure against a bond issuer going into default. "Does the author not know about DTCC's CDS Trade Information ...
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Why A Greek Default Is Imminent
Seeking Alpha
While this may have worked sufficiently through the great credit crisis of 2008-2009, this common currency and shared economic base is experiencing strains coping with fiscal problems of one (or now many) of its underlying constituent countries. ...
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Oil Falls a Fourth Day on Concern Greek Vote Raises Default Risk
BusinessWeek
A rejection of the aid plan “would increase the risk of a forced and disorderly sovereign default,” according to Fitch Ratings. The Institute for Supply Management's US factory index slid to 50.8 from 51.6 in September, the Tempe, Arizona-based group ...
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Fiscal crisis: Pakistan to pursue 'home-grown' solution
The Express Tribune
PHOTO: AFP/FILE The demands for economic reform by the International Monetary Fund had grown 'too tough' for Pakistan, leading Islamabad to instead pursue a 'home-grown' solution to its fiscal crisis, said Finance Minister Abdul Hafeez Shaikh in an ...
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Greek economic instability resembles Argentina default
WBEZ
02, 2011 Shortly after Argentina's 2002 default, the unemployed burned tires in Buenos Aires to demonstrate their frustration. Just when it looked like the European Union's bailout would begin to stabilize Greece, the situation got more complicated. ...
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G20 must not solve financial crisis on backs of world's poor
Reuters AlertNet
G20 leaders meeting in Cannes tomorrow must not solve the sovereign debt crisis on the backs of the world's poor and should take the lead on fulfilling previous commitments, particularly on food and agricultural assistance, said the largest alliance of ...
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Indian bourses end flat over Greek default fears
Northern Voices Online
Analysts feel that now the only way to avoid a messy Greek default is to do the referendum quickly, even as worries remained whether the referendum would support the bailout. If Greece indeed goes belly up, it would cause a ripple effect of troubles ...
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Hu Jintao Optimistic EU Can Recover from Financial Crisis
NTDTV
Chinese leader Hu Jintao said on Monday Europe has the capacity to recover from its financial crisis. He spoke after seeing Austrian President Heinz Fischer during his official visit to Austria. "We are convinced that Europe has the wisdom and has the ...
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St. Louis County may sell some parks to help ease fiscal crisis
The Republic
Republican County Council member Greg Quinn of Chesterfield, whose district includes Lone Elk and Greensfelder, said he was confident alternatives could be found to closing parks. "I don't think we have a financial crisis," Quinn said. ...
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Default On Bond Payments, Says Unions
Build.ie
The $1billion or €700 million bond to the unsecured and un-guaranteed senior Anglo-Irish Bank bondholders, is due today and the Irish Congress of Trade Union has added its voice to the calls for the Irish Government not to repay the cash. ...
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NCDEX faces traders' ire over default in steel billet delivery
Business Standard
Delivery default in the recently-ended steel billet October contract on the National Commodity & Derivatives Exchange (NCDEX) is turning into a controversy. The exchange has sought two-three days to pacify traders, who are angry over its failure to...
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Dalian Wal-Mart: Default for ten years
China Daily
By Zhi Yun ( chinadaily.com.cn) A Wal-Mart superstore in Dalian, Liaoning province has been accused by its landlord of refusing to pay its rent for 10 years, even with enforcement orders from the court, Beijing Times reported on Nov 1. ...
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Bob Chapman: Greece Will Default And It Will The End of Euro ...
By mosesman
Bob Chapman: Greece Will Default And It Will The End of Euro! Like this: Like. Be the first to like this post. November 2, 2011 - Posted by mosesman | Economics, GeoPolitics, Social Trends | Bailout, Bankruptcy, Collapse, Currency, ...
Socio-Economics History Blog |
Why Greece should default on its debts and leave the Euro | Liberal ...
By Sunny Hundal
But if Greece defaults the credit default swaps will kick in, and the fake insuranse sold by the criminal banking corporations will not be able to pay out, and the banks go bust. Global elites can never allow this to happen. Crony capitalism must ...
Liberal Conspiracy |
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