Speculation that the Fed will embark on a third round of asset purchases to stem off a recession grew after the Wall Street Journal reported that three former policy makers support the approach. More than $2 trillion was erased from … Read more.
Speaking before Parliament’s plenary session, Finance Minister Evangelos Venizelos referred to the finance ministry’s draft bill stressing that “the scenery should change” and underlined that “this transitional period will have to be managed with prudence, professionalism, caution, consensus and a … Read more.
BY ULRIKE DAUER FRANKFURT—German exchange operator Deutsche Börse AG Wednesday said more than 95% of shares had been tendered in favor of its planned tie-up with NYSE Euronext, removing a major potential obstacle to a deal that would create the … Read more.
China, sitting on the world’s biggest foreign exchange reserves of about $US3.2 trillion ($2.98 trillion) as of the end of June, is the largest holder of US Treasuries. Xinhua’s comments came as China’s central bank said it would continue to … Read more.
(Reuters) – Fitch Ratings said on Tuesday the agreement to raise the borrowing capacity of the United States means the risk of a sovereign default is “extremely low” and commensurate with a AAA rating. However, Fitch pointed out that without … Read more.
(Reuters) – Financial market pressure on Italyintensified on Tuesday, sucking Europe’s second biggest debtor nation deeper into the euro area danger zone and prompting Italian authorities to call emergency talks. Italian bond yields hit their highest level in the euro’s … Read more.
WASHINGTON (Reuters) – Congress buried the specter of a debt default by finally passing a deficit-cutting package on Tuesday, but the shadow lingered of a possible painful downgrade of the top-notch American credit rating. Just hours before the Treasury’s authority … Read more.
1923 Leica 0-series becomes world’s most expensive camera, fetches $1.89 million at auction from Engadget by Sean Hollister Just when we thought ancient wooden boxes were all the rage among camera collectors, a compact beauty has shattered our theories — … Read more.
(Reuters) – Congressional leaders rushed to line up Republican and Democratic votes on Monday for a White House-backed dealto raise the U.S. borrowing limit and avert an unprecedented debt default. With scars still fresh from the months-long debate over increasing … Read more.
The President Surrenders By PAUL KRUGMAN Published: July 31, 2011 A deal to raise the federal debt ceiling is in the works. If it goes through, many commentators will declare that disaster was avoided. But they will be wrong. For … Read more.
Economy Looking Weak, Data Revisions Don’t Help The economy is certainly weak. The latest report on GDP showed sub-par growth in the second quarter. Revisions to past data, which occur every summer, showed that the first quarter was even worse … Read more.
Is SAC Capital going to escape hedge fund regulation? On Tuesday we learned that George Soros was returning all of the capital of outside investors to his fund, following a path laid down by legendary investors like Stanley Druckenmiller and … Read more.
Debt fears lead to US downgrade By Michael Mackenzie in New York Egan-Jones has become the first US rating agency to downgrade the country’s sovereign credit rating from triple A to double A plus as it focuses on the rapid rise … Read more.
(Reuters) – Billionaire investor George Soros, whose stock-picking career has spanned nearly four decades, said he will manage money only for himself and his family as new regulations threaten to crimp the hedge fund industry he made famous. The … Read more.
You have to assume that the markets expect some kind of debt deal to happen. The mild reaction to the dysfunctional government can only be interpreted as frustration about the timing and method of a debt ceiling deal, not the actual … Read more.
6 Likely Social Security Changes Philip Moeller, On Monday July 25, 2011, 12:53 pm EDT Washington’s current soap opera, As the Debt Ceiling Turns, is winding down to its season finale. Grand plans for a “big deal,” including changes to … Read more.
Reuters – A humbled John Paulson told investors on Thursday he was “too aggressive” with some of the stock bets in his flagship funds and he is trimming back some of his riskiest holdings.The hedge fund manager told clients in … Read more.
I found this shocking post. I know that Gucci bags and Mont Blanc pens, Rolex’s and Marmot jackets are all counterfeited but who would ever think to fake an entire store? Visit to a fake Apple store in China Mark … Read more.
“Investors remain committed to hedge funds despite volatility in many markets” Hedge fund flows as measured by the GlobeOp Capital Movement Index were positive 1.36% in June. Barclays Hedge Index *June-11 (-1.28%) *YTD … Read more.
Provided by Yahoo! Finance Legendary investor Warren Buffett said the U.S. should do away with the debt ceiling, the issue that has recently roiled global equity markets as speculation has intensified that if Congress does not raise the debt … Read more.
By Richard Cowan WASHINGTON | Tue Jul 19, 2011 1:40pm EDT WASHINGTON (Reuters) – A bipartisan group of senators on Tuesday revived an ambitious budget plan that could provide new ideas for breaking the impasse in Congress over raising … Read more.
Politicians Creating Crisis As the economy improves and Companies post record profits, the market remains suppressed, Gold is at an all time high and the doom and gloom talk continues. The only real chance of a global slowdown … Read more.
China’s Treasury Holdings Make U.S. Woes Its Own Wu Hong/European Pressphoto Agency A container crane in eastern China. Buying Treasuries has bolstered China’s export economy. By DAVID BARBOZA Published: July 18, 2011 SHANGHAI — However grim Washington’s debt and … Read more.
Dodd-Frank Must End US House Republican lawmakers, a few days before the Dodd-Frank financial regulatory overhaul turns 1 anni, blasted the law in a press conference Friday, giving it failing grades on several scores. The lawmakers, standing … Read more.
Will The U.S. Default Before Greece? By Dirk Van Dijk on July 18, 2011 | More Posts By Dirk Van Dijk | Zacks.com I thought this was an interesting article on default and earnings by Van Dijk … Read more.
Last Update: July 15, 2011 04:08 ET Debt Limit and Wall St Paul A. Ebeling, Jnr. Wall Street not concerned about US debt ceiling hassle or default In Washington DC, the fight over to raise or not … Read more.
ConocoPhillips Splitting Up By Zacks Investment Research on July 15, 2011 | More Posts By Zacks Investment Research | Zacks.com ConocoPhillips (NYSE:COP) has surprised the market with its decision to split its operations into two. The third biggest U.S. … Read more.
Indonesia May Ban Mining Exports Disturbing news today from Indonesia is that the country is considering a ban on mineral exports that would have a severe impact to a number of the regions biggest mining companies. Indonesian miners … Read more.
Buffett Says ‘Bet Heavily’ Against Double Recession (Bloomberg) — Warren Buffett, chief executive officer of Berkshire Hathaway Inc., talks about the debt ceiling debate and the U.S. economy. Buffett, speaking with Betty Liu on Bloomberg Television’s “In the Loop,” also … Read more.
20% Drop in Housing to Cause Recession in 2012, Says Gary Shilling By Peter Gorenstein Stocks rallied Wednesday after Federal Reserve Chairman Ben Bernanke suggested the central bank would go ahead with another round of stimulus — aka … Read more.
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