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Market Watch (Free subscription) | 07/02/2009
SAN FRANCISCO (MarketWatch) -- First State Bank of Winchester of Winchester, Ill. became the 47th bank failure of the year and the eighth bank to close in Illinois, the Federal Deposit Insurance Corporation (FDIC) said Thursday. First National Bank of Beardstown, Beardstown, Ill. will assume all deposits of the failed bank. As of April 30, First State Bank of Winchester had total assets of $36 million...
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iStockAnalyst.com (Free subscription) | 07/02/2009
You’re a manager for a mid-sized U.S. company that’s been forced to slash its work force because of the global financial crisis. And you’ve just received a new assignment: You’re to take over a key department that was hit harder than most by the layoffs. [More...]
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Sufiy. (Free subscription) | 07/02/2009
It is getting serious: China has not only allowed to use Yuan for cross border settlements, but is encouraging it with Tax incentives. After questioning US Dollar as store of value and selling long term curve of Treasuries, now China is moving further out of US Dollar. It is a full switch policy from US Dollar as a currency of choice for exchange function of money. US Dollar as a reserve currency...
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Financial24 (Free subscription) | 07/01/2009
WASHINGTON, July 1 - The International Monetary Fund on Wednesday approved a framework that will allow it to issue debt to member countries for the first time, as a way to raise resources for countries hit by the global financial crisis . The note ...
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iStockAnalyst.com (Free subscription) | 07/01/2009
Nordic American Tanker – Income and More Tony Daltorio, The Investment U Research Team One sector that is extremely sensitive to global economic activity is the international shipping industry. As the financial crisis turned into a category 5 hurricane last year, it blew the entire global economy off course –and along with it, the shipping industry. The sudden drying up of credit, finance...
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Market Watch (Free subscription) | 07/01/2009
The International Monetary Fund on Wednesday agrees on a framework to issue notes to its member countries for the first time, a move its director said will help the fund get assistance to members quicker and combat the global financial crisis.
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iStockAnalyst.com (Free subscription) | 07/01/2009
Billionaire investor George Soros thinks the worst of the global financial crisis is behind us. [More...]
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iStockAnalyst.com (Free subscription) | 07/01/2009
The FT and others are pointing out that global stock markets through June recorded their best quarterly performance in more than 20 years after literally imploding during the global financial crisis. Tokyo's Nikkei 225 is up 23% and better than the S&P 500's 15% or the FTSE 100's 8%, but emerging markets like China and India have surged more than 50%. The result is that the total market capitalization...
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Market Watch (Free subscription) | 06/30/2009
WASHINGTON (MarketWatch) -- Thomas Hoenig, the president of the Federal Reserve Bank of Kansas City, was critical of the government's "ad hoc" rescue efforts during the financial crisis, saying that the actions have institutionalized the concept of too-big-to fail in our economic system. Fed chief Ben Bernanke has argued that he, and others, acted like the emergency crew that saved a burning...
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Payment News (Free subscription) | 06/30/2009
The Smart Payment Association (SPA), a group of the industry's largest manufacturers of payment smart cards, has announced findings from its 2008 market monitoring activity - undertaken in order to get a better understanding of the current status of the payment smart card market and its key trends. "A lot of industries were severely affected by the financial crisis. Despite a slowdown in the SPA...
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Financial Times (Free subscription) | 06/30/2009
A fundamental protectionist threat lies in global imbalances, which are at root of the financial crisis, writes John Plender
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SeekingAlpha.com (Free subscription) | 06/30/2009
Michael Johnston submits: Separate dramas began to unfold over the weekend in Honduras and Argentina, attracting attention from an international community that has been largely fixated on the happenings in Tehran for the last two weeks. In Honduras, President Manuel Zelaya was exiled at gunpoint to Costa Rica, while in Argentina, president Christina Kirchner suffered a surprising setback in the congressional...
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Financial24 (Free subscription) | 06/30/2009
BEIJING, June 30 - Growth of China's insurance premiums slowed in the first five months as the economy weakened due to the global financial crisis, official figures show . Premiums from January through May increased 7.6 percent from a year earlier ...
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BloggingStocks (Free subscription) | 06/29/2009
Filed under: Economic data , Personal finance , Headline news , Recession , Financial Crisis Is it 2009-2010 or 1972-1973? If you're paying college tuition this year , it may be hard to tell. Tuition is up only 4.3% for the coming school year, the lowest rate of growth in 37 years, according to a survey of 350 private schools by the National Association of Independent Colleges and Universities . This...
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Business Wire (Free subscription) | 06/29/2009
OLDWICK, N.J.--(BUSINESS WIRE)--This week’s edition of BestWeek Asia/Pacific examines how the global financial crisis might open new Asia-Pacific markets for insurers in the small to medium enterprise segment.
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trymi | 03/11/2009
It looks like that no car company or customer demographic is immune from the continuing economic downturn. For instance, Lamborghini has been receiving numerous order cancellations lately. Luxury markets have been down 40 percent the first two months of this year. On the other hand, for customers with impending orders, wait time has been significantly shortened (due to the cancelations).
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trymi | 03/07/2009
Due to the recession being experienced by the auto industry, an amazing buyer’s market was consequently created especially for those who want to purchase performance cars at a bargain. Some amazing deals have been observed such as a brand new Mustang GT with a sticker price of only $18,995.
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rjsmr | 02/25/2009
BAHRAIN and its neighbours could be set for an explosion in organised crime as a result of the global credit crunch, according to a senior government official. As the number of migrant workers losing their jobs rises, many could turn to illegal activities in their desperation to continue sending money home, said Labour Minister Dr Majeed Al Alawi. readmore
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