After receiving support from the United States at the critical moment, Christine Lagarde was named Tuesday as the next managing director of the International Monetary Fund. In campaigning for the job, Ms. Lagarde, France’s finance minister, made various promises to emerging markets with regard to improving their relationships with the I.M.F. [...]
Archive for the ‘european economy’ Category
Christine Lagarde and the Demand for Dollars
June 30th, 2011 by Financial Writer
Tags: budget deficit, Christine Lagarde, economy, emerging markets, european union, federal budget, foreign exchange, International Monetary Fund
more...German Finance Minister Attacks Fed Move Again : Report
November 6th, 2010 by Financial Writer
BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble renewed his criticism of the U.S. Federal Reserve’s move to buy $600 billion worth of government bonds, saying it undermined U.S. credibility and created uncertainty, according to a German magazine.
“I have great doubts about whether it makes sense to pump unlimited amounts of money into the markets,” [...]
Tags: european economy, european union, financial sector, Global Economy, monetary, us economy, world economic
Dollar Near One-Week High Versus Euro on Bets Fed Easing to Revive Growth
October 26th, 2010 by Financial Writer
The dollar rose to a one-week high against the euro amid speculation more debt purchases by the Federal Reserve will help revive economic growth.
Australia’s dollar fell for a second day after the nation’s consumer prices rose by less than some economists had forecast, damping prospects the central bank will raise interest rates next month. New [...]
Tags: australians, central bank, commerce department, consumers, economic growth, european central bank, Global Economy, us economic
Wall Street feeling some of Main Street’s economic woes
October 12th, 2010 by Financial Writer
Analysts have recently slashed earnings estimates for a number of big players, and several firms have quietly fired staff. Many more layoffs are expected by early next year.
Reporting from New York — For a while, Wall Street seemed impervious to the economic woes clobbering Main Street, with bank profits, bonuses and share prices rebounding sharply.
Not [...]
Tags: business investment, economic growth, financial crisis, financial services, loans, unemployment rate, us economy, wall street
New U.S. financial risk council meets Friday
September 30th, 2010 by Financial Writer
A new council of U.S. regulators charged with identifying risks to the financial system holds it first meeting later on Friday with an agenda that includes risky trading and how to pick which non-bank financial institutions need special scrutiny.
The Financial Stability Oversight Council, created under the financial overhaul signed into law in July, is scheduled [...]
Tags: economic growth, economy recovery, european central bank, financial crisis, financial system, loans, stock market, us economy
China’s Stocks Fluctuate After Wen Comments; SAIC Gains, Developers Drop
September 13th, 2010 by Financial Writer
China’s stocks fluctuated after Premier Wen Jiabao said the world’s fastest-growing economy is in “good shape,” while cautioning that rising property prices threaten to stoke unrest.
SAIC Motor Corp., the nation’s largest carmaker, added 0.8 percent after an indicator of China’s economic outlook increased for a third month in July. Air China Ltd. gained among airlines [...]
Tags: Chinese economy, economic growth, economic recovery, financial crisis, Global Economy, real estate, us economy
GLOBAL MARKETS-Dollar, stocks rise on China import data
September 10th, 2010 by Financial Writer
The U.S. dollar rose on Friday after strong import data from China bolstered rising optimism about global growth, while stocks edged higher, buoyed by the economic outlook and a 3 percent gain in oil prices.
Chinese imports jumped in August, helping lift equity markets and commodity prices while diminishing the safe-haven appeal of the Japanese yen [...]
Tags: Dow Jones Industrial, economic growth, economists, economy activity, financial markets, financial system, us economic, us economy
Obama Lays Out Economic Proposals and Assails G.O.P.
September 8th, 2010 by Financial Writer
President Obama on Wednesday called for an end to the Bush-era tax cuts for the wealthy, saying the country cannot afford $700 billion in tax breaks that benefit “millionaires and billionaires.”
Unveiling his economic agenda for the fall campaign in a lengthy and sharply populist speech that sought to appeal to the middle class, Mr. Obama [...]
Tags: banks, economic growth, financial system, Global Economy, interest rates, loans, stock market, us economic
Treasuries Rise as European Bank Concern Encourages Demand for Safest Debt
September 7th, 2010 by Financial Writer
Treasuries gained, pushing 10-year note yields down from the highest level in almost a month, as renewed concern Europe’s sovereign-debt crisis will undermine the recovery spurred demand for relative safety.
The yield curve flattened for the first time in five days after the Wall Street Journal reported that European stress tests underestimated some banks’ holdings of [...]
Tags: economy activity, economy recovery, euro zone, european markets, financial crisis, financial markets, lenders, recovery economy, wall street
Euro Declines on Speculation European Banks Will Struggle to Raise Funds
September 6th, 2010 by Financial Writer
The euro fell the most in a week against the dollar and the yen on concern European banks will struggle to raise funds, damping the region’s economic outlook.
The 16-nation currency weakened against 15 of its 16 major counterparts after the Association of German Banks said the nation’s 10 largest lenders, including Deutsche Bank AG, may [...]
Tags: bank of japan, economists, european economy, financial crisis, financial system, investors, money, wall street