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. [...]
Posts Tagged ‘european union’
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...Oakmark’s David Herro Says Unloved Japanese Stocks a ‘Steal’
February 3rd, 2011 by Financial Writer
Japan’s stock market is more than 70 percent off its 1989 record high and last month the country’s debt was downgraded for the first time in nine years. Time to buy Japanese equities, says David Herro.
“At these prices Japanese stocks are a steal,” said Herro, 50, manager of the $6.9 [...]
Tags: au, bank, ben, business, China, company, Debt, deutsche bank, dollar, economic, economy, economy grew, euro, Europe, european union, exports, finance, glo, government, increase, india, Invest, investment, investor, investors, japan, new york, prime minister, rate, stock, stock market, stocks, the dollar, us
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
US Stocks Climb Modestly, Boosted By Deals, Early Earnings Reports
July 19th, 2010 by Financial Writer
U.S. stocks bounced back modestly Monday, as investors drew confidence from weekend deals and early earnings reports ahead of a week packed with corporate results and stocks regained some of their equilibrium following Friday’s sharp decline.
Better-than-expected earnings from Delta Air Lines and Halliburton helped boost expectations for the week’s crop of earnings releases, which will [...]
Tags: Dow Jones Industrial, economy recovery, euro zone, european economy, european union, IMF, investors, money, Nasdaq composite, us stocks
Slow growth of UK economy is likely to be as good as it gets
July 12th, 2010 by Financial Writer
Official figures show recession was deeper than believed and double-dip downturn is a real threat
On the face of it, today’s official bulletin on the state of the economy was a bit of a damp squib. The delay in publishing the third estimate of growth in the first three months of 2010 had raised speculation that [...]
Tags: bank of england, consumer spending, economists, european union, financial system, inflation, interest rates, recession, uk economy, unemployment
Yuan shot heard round the world but quiet in China
June 19th, 2010 by Financial Writer
China’s announcement that it will resume currency reform made waves globally but caused barely a ripple at home on Sunday, with major newspapers merely reprinting the central bank’s statement.
The People’s Daily, the main organ of the ruling Communist Party, put the news on its back page, while the banner headline on the website of the [...]
Tags: bank of china, central bank, China, Chinese economy, economists, european union, financial leaders, Global Economy, global financial crisis, IMF
TREASURIES-Bonds down on jobs improvement, looming auction
June 10th, 2010 by Financial Writer
* Jobless claims, looming auction weighs on bonds
* 30-year bonds fall a point
* $13 bln long bond auction at 1 p.m.
* Pre-sale losses yield strong auction demand this week (Adds quote, details, updates prices)
U.S. Treasuries fell on Thursday as signs of improvement in weekly jobs data added fuel to a sell-off ahead of a $30-year [...]
Tags: economy, economy recovery, european economy, european union, financial crisis, fiscal crisis, global financial markets, unemployment rate, us economy, US Treasuries
Gold slips below $1,220 but investment supports
June 2nd, 2010 by Financial Writer
Gold slipped below $1,220 an ounce in Europe on Wednesday as investors cashed in some of the previous session’s gains, but investment demand for the metal as a haven from risk is expected to continue to underpin prices.
The dollar strengthened and equity markets slipped as persistent fears the euro zone’s debt crisis could hamper the [...]
Tags: business, debt crisis, economic recovery, euro zone, european economy, european union, financial markets, Global Economy, IMF, investors, us economy
G20 to endorse EU crisis strategy
May 29th, 2010 by Financial Writer
Finance chiefs of the world’s leading economies, meeting next week, are likely to deliver a strong endorsement of Europe’s efforts to resolve its debt crisis but announce no fresh policies to help it do so.
After several months in which Washington, Beijing and other governments pressed Europe to act more decisively in tackling the crisis, global [...]
Tags: debt crisis, european economy, european union, Federal Reserve, financial, financial markets, g20, Global Economy, global recovery, IMF, us treasury
PRECIOUS METALS: Platinum, Palladium Plummet On Risk Aversion
May 20th, 2010 by Financial Writer
Platinum and palladium Thursday hit their lowest levels since February as investors continued exiting positions in all precious metals to avoid risk on concerns European debt issues will hurt economic growth.
One analyst said platinum and palladium fell hardest since the share of investment demand in them became greater than other commodities, making them more vulnerable [...]
Tags: economic recovery, economy, european economy, european union, financial, financial markets, Global Economy, investors, recession, us economy, us stocks