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 ‘Global Financial’ 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...Kotlikoff: How to Fix the Mortgage Mess
January 17th, 2011 by Financial Writer
Fannie Mae and Freddie Mac. What cute-sounding names. They suggest adorable siblings, not twin financial disasters that may cost $1 trillion when we get the final bill.
According to Edward Pinto, Fannie Mae’s former chief credit officer, in 2008 the two government-supported mortgage finance companies, along with the Federal Housing Administration [...]
Tags: au, bank, banks, borrow, borrowers, borrowing, business, buyers, Debt, economic, economics, fannie Mae, fed, finance, financial, freddie Mac, glo, Global Financial, government, home prices, housing, interest rate, Invest, investment, investor, investors, lender, lenders, loan, loans, money, mortgage, mortgage applications, mortgage finance, mortgage market, mortgages, oil, president, rate, stock, subprime mortgages, taxpayers, ubs, us, wall street
U.S. recovery slowdown a ‘concern’: Carney
November 16th, 2010 by Financial Writer
Bank of Canada governor Mark Carney said Friday the slowdown in the U.S. recovery is of “some concern” to the central bank and whatever unfolds will have a “significant” impact on this country’s economy.
In an interview with U.S. business network CNBC, he said the low level of U.S inflation — due to a debt overhang [...]
Tags: au, bank, banking, ben, borrow, borrowing, business, business network, Canada, central bank, China, crisis, Debt, economic, economic growth, economy, fed, Federal Reserve, financial, financial crisis, financial markets, financial reform, glo, Global Financial, home sales, household, households, housing, increase, inflation, marketplace, monetary, rate, recession, retail sales, sales, united states, us
Mining company stocks fall amid China concerns
November 12th, 2010 by Financial Writer
Shares of mining companies dropped Friday with the broader market as the price of oil and precious metals fell on growing concerns that rapid growth in China will slow.
The Dow Jones industrial average dropped nearly 100 points in early afternoon trading, led by sharp losses in energy and materials stocks.
Investors are worried that China might [...]
Tags: Chinese economy, Dow Jones Industrial, exchange rates, inflation, precious metal, stock market
China’s Stocks Decline on Inflation Concern, Commodity Prices
November 11th, 2010 by Financial Writer
China’s stocks fell the most in two weeks on slumping commodity prices and concern the government may step up measures to contain growth in housing and consumer prices after inflation accelerated to a two-year high last month.
Industrial and Commercial Bank of China Ltd. slid more than 2 percent after Bank of America Merrill Lynch Research [...]
Tags: Bank Inflation, bank of china, borrowers, consumers, financial system, Global Economy, inflation, lenders, loans, real estate, stock market
China’s Inflation Accelerates to 4.4%, Fastest Pace in Two Years
November 10th, 2010 by Financial Writer
China’s inflation accelerated to the fastest pace in two years in October, building the case for the central bank to add to last month’s interest-rate increase.
Consumer prices rose 4.4 percent from a year earlier, boosted by food costs, a statistics bureau report showed in Beijing today. That was more than the 4 percent median forecast [...]
Tags: bank of china, central bank, Chinese economy, consumers, financial crisis, inflation
Markets Fall for a Second Day as the Dollar Improves
November 9th, 2010 by Financial Writer
Stocks were mostly lower on Tuesday for a second straight session as the dollar strengthened and oil prices declined in late trading, eroding earlier gains in the energy sector.
The Dow Jones industrial average fell 60.09 points, or 0.53 percent, to 11,346.75. The Standard & Poor’s 500-stock index declined 9.85 points, or 0.8 percent, to 1,213.40. [...]
Tags: commerce department, Dow Jones Industrial, economic indicators, economy recovery, Global Economy, loans, real estate investment, stock market
Gold Drops From Record as Dollar’s Climb Cuts Investors’ Demand for Haven
November 8th, 2010 by Financial Writer
Gold for immediate delivery declined as the dollar strengthened, paring investors’ demand for the metal as an alternative to currencies. Silver reversed a fall to climb to the highest price since March 1980.
Spot gold dropped for the first day in four, losing as much as 0.4 percent to $1,403.65 an ounce before trading at $1,407.35 [...]
Tags: economic, economists, exchange rates, gold price, inflation, loans, money, precious metal, us economy, us stocks
GLOBAL ECONOMY-Global anger swells at U.S. Fed actions
November 5th, 2010 by Financial Writer
* China tells U.S. trade targets smack of central planning
* German finance minister says Fed policy “clueless”
* China tells U.S. trade targets smack of central planning
* Merkel to address U.S. money policy at G20 summit
* Obama says U.S. global economic leadership at risk (Recasts first paragraph; adds comments by Brazil’s Meirelles, Fed’s Bernanke, details throughout)
By [...]
Tags: central bank, economic recovery, Global Economy, money, stock market, us economy, us stocks
Yuan Set for Weekly Rise on Speculation of More Foreign Pressure for Gains
November 4th, 2010 by Financial Writer
The yuan was set for its first weekly gain in three weeks on speculation foreign governments, notably the U.S., will step up calls for the currency to appreciate when leaders from the Group of 20 nations meet next week in Seoul.
The yuan advanced 0.19 percent yesterday after the Federal Reserve said on Nov. 3 that [...]
Tags: banks, businesses, Chinese economy, currency market, economic growth, economic recovery, Federal Reserve, Global Economy, us economic