The Asian Financial Crisis: New International Financial Architecture: Crisis, Reform and Recovery
Market Watch (Free subscription) | yesterday
FRANKFURT (MarketWatch) -- Axel Weber, president of the Deutsche Bundesbank, defended the role of regulators and monetary policy on Friday, saying they were not to blame for the global financial crisis. "Monetary policy was not part of the culprit. Banks have to adjust down their profit aspirations in a low-interest-rate environment," Weber said at the Frankfurt European Banking Congress....
Market Watch (Free subscription) | yesterday
LONDON (MarketWatch) -- European Central Bank President Jean-Claude Trichet on Friday warned that it was premature to conclude that the financial crisis has fully run its course. Analysts said the remarks contributed to risk aversion in financial markets, helping to lift the dollar. "I understand that the mood in the financial system is one of relief. But as of today, it is too early to declare...
iStockAnalyst.com (Free subscription) | yesterday
FX Highlights The USD is trading higher supported by deleveraging, investors are reducing risk exposure as equity and commodity markets trade lower, a statement from ECB President Trichet that it is too early to declare the financial crisis over, concern about rising debt levels in the UK and weaker than expected earnings at Dell appear to have sparked the latest wave of selling in global equity markets,...
Market Watch (Free subscription) | 11/19/2009
WASHINGTON (MarketWatch) - The nation's biggest banks would be hit with a raft of new fees and restrictions under far-reaching 'too-big-to-fail' bank legislation approved by a key congressional committee responding to the financial crisis on Thursday. After approving dozens of amendments, the final wording is set and only awaits a final vote on Dec. 1. Market Pulse Stories are Rapid-fire, short news...
SeekingAlpha.com (Free subscription) | 11/19/2009
Silver may yet outshine gold in 2010 as spot prices for the white metal respond to the prospect of a surge in industrial demand. With a little additional help from investment demand, silver may even rally into the $25 an ounce range. So says Chintan Parikh, a commodity analyst at the CPM Group – a leading New York-based commodities research, consulting, asset management and investment banking...
Market Watch (Free subscription) | 11/19/2009
WASHINGTON (MarketWatch) -- Treasury Secretary Timothy Geithner said Thursday he was "confident" China will allow greater flexibility for its currency. "China...has committed to move. They understand they need to do it. I think they want to do it. And I am actually quite confident that they will do it," Geithner said in testimony to the Joint Economic Committee. After a period...
CNNMoney.com (Free subscription) | 11/19/2009
One day after Goldman Sachs' CEO apologized for his bank's role in the financial meltdown, Treasury Secretary Tim Geithner called on the nation's financiers to step up and do more to fix the damage they helped cause.
PR News Wire (Free subscription) | 11/18/2009
MIAMI, Nov. 18 /PRNewswire/ -- Latin America's rapid recovery from the global financial crisis, its abundance of raw materials and the burgeoning purchasing power of its people are driving China's confidence in that region, said representatives of several Chinese banks during the 43rd Annual Assembly of the Latin American Federation of Banks (FELABAN).
Market Watch (Free subscription) | 11/18/2009
Goldman Sachs said late Tuesday that it would provide $500 million to support small businesses, hours after its CEO Lloyd Blankfein apologized for the group’s role in the global financial crisis.
BloggingStocks (Free subscription) | 11/17/2009
Filed under: International markets , Politics , Financial Crisis As America's debt continues to grow , is it causing foreigners to think twice about investing in America? The U.S. has been one of the most stable countries over the past century. It has remained stable through two world wars, numerous administration changes and economic and political crisis around the world. But America has been borrowing...
BloggingStocks (Free subscription) | 11/16/2009
Filed under: Federal Reserve , Financial Crisis U.S. Federal Reserve Chairman Ben Bernanke did something Monday that Fed chairs rarely do: he commented on the dollar. Comments about the dollar are almost exclusively left to the U.S. Secretary of the Treasury, but on Monday Bernanke, in a speech before the Economic Club of New York, said the large movement of capital precipitated by the financial crisis...
Economist's View (Free subscription) | 11/16/2009
At MoneyWatch: How to Prevent the Next Financial Crisis, by Mark Thoma
kevin drum (Free subscription) | 11/16/2009
The yawning U.S. trade deficit, which was one of the factors that helped fuel the recent credit bubble, declined sharply in the aftermath of last year's economic meltdown. But it never came anywhere close to zero, let alone positive, and it was mostly an illusion anyway, the result of a temporary collapse in demand for durable goods. Paul Krugman: But with the financial crisis abating, this process...
Market Watch (Free subscription) | 11/13/2009
SAN FRANCISCO (MarketWatch) -- Pershing Square Capital Management, an activist hedge fund firm run by Bill Ackman, has taken a big stake in Landry's Restaurants Inc. and plans to vote against a buyout of the company by a group led by Chairman and Chief Executive Tilman Fertitta, according to a regulatory filing late Friday. Last week, Landry's agreed to a buyout deal with Fertitta at $14.75 a share,...
Dollars & Sense blog (Free subscription) | 11/13/2009
From the fantastic Yves Smith at Naked Capitalism : Krugman on the Need for Jobs Policies Paul Krugman has a good op-ed tonight on how Germany has fared versus the US in the global financial crisis. Recall that there was much hectoring of Germany early on, for its failure to enact stimulus programs. German readers were puzzled, since Germany has a lot of social safety nets that serve as automatic counter-cyclical...
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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).
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.
trymi | 02/25/2009
Toyota Supra remains at the top of high-performance sports cars with the Mark I inline 6-cylinder generating 110 hp (82kW) to the twin-turbocharged Mark IV that comes with 320 hp (239kW). However, beginning 2002, Toyota moved away from the Supra image to the green vision of the Prius.
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